Female-led investor group to buy Weinstein Co assets - News Summed Up

Female-led investor group to buy Weinstein Co assets


“This next step represents the best possible pathway to support victims and protect employees,” Contreras-Sweet said. The Weinstein Company’s board of directors confirmed it had reached a deal with Contreras-Sweet and supermarket billionaire Ron Burkle. The studio nearly went bankrupt after more than 70 women accused co-founder Harvey Weinstein, then one of Hollywood’s most influential men, of sexual misconduct including rape. But New York Attorney General Eric Schneiderman upended the negotiations on Feb. 11 by filing a suit against the Weinstein Company, Harvey Weinstein and his brother, Bob, alleging that Harvey Weinstein sexually harassed employees and the company failed to respond. On Thursday evening, Contreras-Sweet, the Weinstein Co and Schneiderman said they had worked together to bring about the deal.


Source: bd News24 March 02, 2018 03:33 UTC



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