FIRST AIRED: March 20, 2018

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!

×

Transcript

00:00:01
>> 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.
00:00:24
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.
00:00:42
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.>>
APPLAUSE