Harvey Weinstein’s company is set to file for bankruptcy
Harvey Weinstein’s company is set to file for bankruptcy because sexual assault allegations against him have made it impossible to sell.
The disgraced Hollywood producer has been accused of sexual assault, harassment and misconduct by more than 50 women, prompting the creation of the #MeToo movement.
These alleged victims include Cara Delevingne, who said Weinstein tried to kiss her and told her she would never “make it as an actress in Hollywood” if she “was gay or decided to be with a woman especially in public”.
Salma Hayek said Weinstein forced her to film an explicit lesbian sex scene in order to sexually humiliate her, a charge which he responded angrily to.
The company, which Weinstein valued at $800m two years ago, has seen a last-ditch $500m deal fall through, according to The Guardian.
According to the proposed terms of the deal, The Weinstein Company, which has backed films including Carol, Lion, The King’s Speech and Django Unchained, would have been renamed, with a new majority-female board.
It would have also established a $40m fund to compensate Weinstein’s accusers.
The company’s 130 remaining staff have now been left in limbo.
The producer, who resigned from the board of the company he co-founded in October after being fired as its chief executive, is currently facing a class-action lawsuit over his alleged sexual abuse.
Weinstein’s lawyers faced a backlash after trying to use actors Meryl Streep and Jennifer Lawrence as part of his defence.
They quoted Lawrence as saying Weinstein has “only ever been nice to me”, but excluded the next part of her statement, in which she said: “except for the moments that he wasn’t”.
Streep said that the way her words had been used was “pathetic and exploitative,” while Lawrence said her quotes had been taken “out of context,” which is “what predators do”.
A spokesperson for Weinstein has since apologised.
There are some who have actually defended Weinstein though, including singer Morrissey.
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The British musician has twice spoken out in support of Weinstein and fellow alleged repeat sexual offender Kevin Spacey.
He has been joined by anti-trans activist Germaine Greer, who said that many of the survivors were not actually sexually assaulted, because their definition of consent was wrong.
“I want, I’ve always wanted, to see women react immediately,” she said.
“I want women to react here and now. I want the woman on a train who feels a man’s hand where it shouldn’t be … to be able to say quite clearly, ‘Stop.’”