>> Hollywood Studio, The Weinstein Company, has officially declared bankruptcy. The film and TV production house made the filing at a Delaware court on Monday. The company fell into financial trouble following allegations of harassment against its co-founder and then chairman, Harvey Weinstein. The movie mogul was fired last October after dozens of women accused him of sexual misconduct.
Weinstein has denied the claims. The company has spend months shopping for a buyer. A deal had seemed close with the former Obama White House official, but her female-led investor group ended talks two weeks ago. In Monday's filing, The Winston Company said it now had an offer from a private equity firm to acquire its assets.
It also said it would end all nondisclosure agreements that may have silenced some women. Before the scandal broke, the studio was known for its power and influence, promoting a string of box office hits including The King's Speech and Django Unchained.>>