« Home | UK police oblivious to reasons for 20 percent rise... » | Polish delegation will discuss terrible legal stip... » | Haredi troublemaker Shmuel Auerbach dead at 86 » | French government cuts funding to anti-Israel orga... » | US will move embassy to Jerusalem sooner than thou... » | Jeremy Corbyn wants a communist government imposed... » | There's no "moderates" in Iran's dictatorship » | Marion Marechal-Le Pen wins over the CPAC crowd » | Moshe Abutbol's stalling on setting up security ca... » | Rich white leftists are funding and institutionali... » 

Tuesday, February 27, 2018 

Harvey Weinstein's studio is going to file for bankruptcy

A deal to buy out the studio did not go through, so it looks like the modern mafioso's movie business is on its way out:
The Weinstein Co.’s board of directors says the company is expected to file for bankruptcy protection after last-ditch talks to sell its assets collapsed.

Now-disgraced movie mogul Harvey Weinstein co-founded the company in 2005. He was fired last October after being accused of sexual assault and harassment by dozens of women. Weinstein Co. has been searching for a financial savior ever since. Weinstein has denied all allegations.

The Los Angeles Times reports the board said Sunday night it has no choice but to pursue bankruptcy.
Something tells me most investors probably wouldn't want to buy the studio anyway, if the money went to Weinstein's legal funding. And one of the reasons the company's gone down so quickly is because they lost only so many business partners and investors after the scandal broke.

Of course, this still leaves the question of how the victims will be able to sue the studio's executives for failing to stop Weinstein making their lives miserable. I'm sure there's legal stipulations that can help them in their efforts to keep the lawsuits going, including citation of the offending employees who did nothing to stop the disgusting scumbag, and that's why the legal teams representing them should start posting motions to ensure the lawsuits can still be worked out.

This is definitely bound to go down in history as a prime example of a movie business crashing down because its founder engaged in evil. And now, Weinstein's hopefully going to pay heavy prices for his past deeds.

Update: now it looks like the studio assets are going to be sold after all, to a former Obama administration official. At least it'll probably help the victims receive compensation.

Labels: , , ,

About me

  • I'm Avi Green
  • From Jerusalem, Israel
  • I was born in Pennsylvania in 1974, and moved to Israel in 1983. I also enjoyed reading a lot of comics when I was young, the first being Fantastic Four. I maintain a strong belief in the public's right to knowledge and accuracy in facts. I like to think of myself as a conservative-style version of Clark Kent. I don't expect to be perfect at the job, but I do my best.
My profile

Archives

Links

    avigreen2002@yahoo.com About profile Gab page Minds page

      I also contribute to

    • The Astute Bloggers
    • Infidel Bloggers Alliance
    • Which also includes (open menu)

      My other sites

    • The Four Color Media Monitor
    • The Comic Book Discrimination Dossiers
    • Hawkfan
    • The Greatest Thing on Earth!
    • The Outer Observatory
    • Earth's Mightiest Heroines
    • Puzzle Paradise
    • The Co-Stars Primer
    • Cinema Capsule Cavalcade
    • Food Diner
    • News/Opinion sites (open menu)

      Writers and special activity groups (open menu)

      Media Watchdogs (open menu)

      Columnist bloggers (open menu)

      Research on terrorism (open menu)

      Milbloggers (open menu)

      Trackback parties (open menu)

      Trackback tools

    • Wizbang Standalone pinger
    • Search Blogspot
    • Other bloggers: Israel and Asia (open menu)

      Other bloggers: Europe (open menu)

      Other bloggers: American continent (open menu)

      Museum sites (open menu)

      Bloggeries Blog Directory blog directory Top Blogs Politics blogs Politics Blogs
      Politics blog TopOfBlogs
      All Politic Sites Society blog Blog Directory & Search engine blog directory View My Stats

      AmazingCounters.com

    • W3 Counter stats
    • GoStats charts
    • Click here to see website statistics
    • eXTReMe Tracker Locations of visitors to this page

    This page is powered by Blogger. Isn't yours?

    make money online blogger templates

Older Posts Newer Posts

Tel-Chai Nation is powered by Blogspot and Gecko & Fly.
No part of the content or the blog may be reproduced without prior written permission.
Join the Google Adsense program and learn how to make money online.