The Weinstein Company to File for Bankruptcy

The Weinstein Company to File for Bankruptcy
The Weinstein brand went from gold to mud in the space of a week. AP Photo/John Carucci
|Updated:

The board of directors of The Weinstein Company said late Sunday the New York film and TV studio planned to file for bankruptcy after talks to sell it collapsed, several media outlets reported.

The firm had been seeking a deal to spare it from bankruptcy after more than 70 women accused film producer Harvey Weinstein, its ex-chairman and once one of Hollywood’s most influential men, of sexual misconduct including rape. Weinstein denies having non-consensual sex with anyone.