The production company Weinstein Co., which belongs to the scandalous Harvey Weinstein, asked to be declared bankrupt. The deal on the sale of the firm of the former film producer, which could save Harvey from financial collapse, fell apart.
Advantageous compromise
After the accusations of Hollywood actresses, the all-powerful Harvey Weinstein, in harassment and a grand scandal that affected not only the cinema world, but show business and the fashion industry, Weinstein Co., whose main founder was the producer and his brother Robert, went to the bottom.
Harvey left the board of directors, but that did not help. Debt Weinstein Co. Ltd amounted to no less than 225 million dollars, which saddened not only Weinstein, but also the creditor and the company's employees, but the chance for salvation was still there.
The purchase of the company interested investor-billionaire Ron Berkle and Maria Contreras-Sweet, who led the administration of small business under President Barack Obama from 2014 to 2017. They were ready to buy an asset for 500 million dollars. On Sunday, the buyers declined the deal.
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Blocked sale
Cross on the change of the owner Weinstein Co. US Attorney General Eric Schneiderman. As the New York Times informs, the official said that if the company's assets turn out to be in other hands, it could deprive Harvey Weinstein of numerous harassment victims of just and dignified compensation.
The fact that the new possible owners planned to create a fund of 40 million to pay Weinstein's accusers, and the fact that most of the new board of directors will be women, did not convince Schneiderman.