The Weinstein Company Rejects Sale, Will File For Bankruptcy #movienews

The Weinstein Company’s sales talks failed, and now the one-time revered studio says they are going to pursue bankruptcy. The film industry is currently in a state of turmoil following numerous sexual assault allegations levied against producer Harvey Weinstein, one of the co-founders of The Weinstein Company. As a result, the studio opted either to delay its projects, shelve them, or sell them off to competing studios, perhaps with the hope of recovering at least some of their production costs.

Paul King’s Paddington 2 – one of the most critically-acclaimed films of all-time – was sold to Warner Bros. Pictures along with The Six Billion Dollar Man (which may begin production in summer 2018). ...

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