The Weinstein Company has rejected a potential sale and will instead file for bankruptcy, according to a letter obtained by The Hollywood Reporter.
It’s a move that was predicted by many, considering the organization has lived under the cloud of co-founder Harvey Weinstein’s alleged sexual abuses since they first surfaced in a significant way in October of last year.
The Weinstein Company had already sold off a couple of projects to Warner Bros. following the allegations — “Paddington 2” and “Six Billion Dollar Man,” which could start filming this year.
Other films, such as “Mary Magdalene,” “The Upside,” and “The War with Grandpa,” have been shelved indefinitely. – READ MORE
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