Weinstein Co. files for bankruptcy again, plans to sell entertainment assets [Business News Network (BNN) Energy & Resources (Canada)]
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Source: Business News Network
Weinstein Co. files for bankruptcy again, plans to sell entertainment assets Weinstein Co., the troubled movie company that failed in the wake of sexual harassment claims against co-founder Harvey Weinstein, filed for bankruptcy with plans to sell its entertainment assets. Under a deal the company announced in a statement Monday, Weinstein will sell itself to an affiliate of Dallas-based Lantern Capital Partners. The film studio, founded in 2005 by Weinstein and his brother Bob, sought protection in Wilmington, Delaware, listing as much as US$1 billion in debt and US$1 billion in assets. Weinstein was fired from the company, and has denied non-consensual sex. The company also agreed to release any women who settled sexual harassment claims involving the company from their non-disclosure agreements, freeing them to tell their stories without fear of being sued. “No one should be afraid to speak out or coerced to stay quiet,” the company said in a statement. The proposed sale must be ap
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