The Weinstein Co. has filed for bankruptcy, the company announced Monday, after dozens of women accused co-founder Harvey Weinstein of sexual misconduct and harassment.
Several women came forward last fall with their allegations of abuse against Weinstein, at the time one of the most powerful producers in Hollywood, and as more and more accusations were made, the company couldn't stay afloat. Earlier this month, a group of investors announced they made a deal to buy the Weinstein Co., but that collapsed after it was determined the company had more debt than previously disclosed.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
'The idea of counties leaving a state is not as eccentric as it may seem'Instant Opinion Opinion, comment and editorials of the day
-
A low-cost airline faces backlash after agreeing to operate ICE's deportation flightsThe Explainer The flights will begin out of Arizona in May
-
Do you owe taxes on sports betting wins?the explainer If you gain wealth of any kind, you must pay taxes on it
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
