The Weinstein Co. has agreed to sell its assets to an investment team led by Maria Contreras-Sweet and Ron Burkle, the company's board of directors confirmed Thursday night.
Most of the company's 150 employees will be invited to stay at its new iteration, and the deal should ensure that small businesses owed money by The Weinstein Co. are paid. Contreras-Sweet said they will launch a new studio with a board of directors made up mostly of women and create a $90 million fund to compensate women who were allegedly sexually harassed and abused by the once-powerful producer Harvey Weinstein. Since last fall, when The New York Times published allegations of misconduct against Weinstein, the company has been sued by several women who say the board was complicit in Weinstein's harassment.
Before a deal was reached on Thursday, talks collapsed twice: on Feb. 11, when New York Attorney General Eric Schneiderman's office filed a complaint, seeking oversight and conditions on the sale, and on Feb. 25, when The Weinstein Co. said it was backing out of negotiations and eyeing bankruptcy. A name for this new company has not yet been chosen.
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.
-
Political cartoons for October 18Cartoons Saturday's editorial cartoons include conversion therapy, Russ Vought, and more
-
President Trump: ‘waging war’ on ChicagoTalking Point Federal agents are carrying out ‘increasingly aggressive’ immigration raids – but have sanctuary cities like Chicago brought it on themselves?
-
Crossword: October 18, 2025The Week's daily crossword puzzle
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
