FIRST AIRED: November 20, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 1

×

Transcript

00:00:00
>> Get in there, girlfriend.>> A sweeping culture change could be coming to the Weinstein Company if this woman has her way. Maria Contreras-Sweet, a Mexican immigrant and former member of the Obama administration, has made a $275 million offer for the beleaguered film studio once run by Harvey Weinstein, who was fired from the company amid multiple sexual abuse claims by women.
00:00:25
But her bid, backed by a consortium of investors, may have less to do with the price tag and more to do with righting the alleged wrongs of the former Hollywood mogul. Contreras-Sweet, the one time head of the US Small Business Association and founder of Latino owned Pro America Bank, is offering terms in which she would be executive chair of a majority female board.
00:00:47
And proposing to establish a $30 million fund for Weinstein's alleged victims, along with a mediation process to reach settlements with them. The studio has been trying to secure a buyer or massive financing in the wake of the claims against Weinstein. A source telling Reuters, more the 20 other potential bidders are mulling offers.
00:01:07
Reuters has been unable to independently confirm any of the abuse allegations made against Weinstein. He's denied having non-consensual sex with anyone.