Harvey Weinstein's brother insists company isn't shutting down



The Weinstein Company isn’t ready to fade to black just yet, chairman Bob Weinstein said Friday.


The brother of accused sex predator Harvey Weinstein issued the optimistic proclamation shortly after the Wall Street Journal published a death-rattle piece claiming TWC was exploring a sale or shutdown.


“Our banks, partners and shareholders are fully supportive of our company and it is untrue that the company or board is exploring a sale or shutdown,” the younger Weinstein brother said.


Bob Weinstein said upcoming films “Polaroid” and “Paddington 2” were still on track for their scheduled release dates of Nov. 22 and Jan. 12.

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“The first Paddington grossed over $75 million and we expect even greater success for Paddington 2,” he said. “Test screening scores are through the roof.”


The Robert De Niro flick “War with Grandpa” is still scheduled to hit theaters Feb. 23, he said.

Harvey Weinstein was fired from The Weinstein Company amid reports he sexually harassed or assaulted multiple women.

Harvey Weinstein was fired from The Weinstein Company amid reports he sexually harassed or assaulted multiple women.

(LOIC VENANCE/AFP/Getty Images)


“Business is continuing as usual as the company moves ahead,” he said.


Earlier Friday, the WSJ reported TWC’s board was talking with buyers and no longer planned to hold the company as an independent entity with a new name.

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The newspaper said a deal to save the firm in one piece with new owners might prove difficult – and TWC might be forced to simply hold a fire sale for its most desirable assets then close its doors.


Harvey Weinstein, meanwhile, was still spoiling for a fight on Friday, TMZ.com reported.


The website said the disgraced movie mogul plans to crash the company’s Tuesday board meeting by phone and challenge his firing.

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Women who have accused Harvey Weinstein of sexual harassment and assault


Weinstein, 65, believes TWC violated his 2015 contract when it gave him the heave ho Sunday night in the wake of a New York Times exposé that claimed he sexually harassed or assaulted multiple women and reached private settlements with at least eight accusers, including actress Rose McGowan.

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On Thursday, McGowan said in a Twitter post that Weinstein raped her.


According to TMZ, Weinstein believes his current contract carefully spelled out how he and the company would deal with any settlements or judgments related to sexual harassment or “misconduct” — and no claims have been lodged against him since he signed.


Weinstein also believes TWC promised in his contract that he could only be fired after mediation and arbitration, TMZ said.


The company’s position, meanwhile, is that the board had the right to ditch Weinstein, and his recourse is to challenge the decision in mediation and arbitration, the website said.

Harvey Weinstein dines at Arizona restaurant ahead of rehab

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Bob Weinstein (l.) called his brother Harvey Weinstein “a very sick man” and a “world class liar.”

(Kevin Winter/Getty Images)


A once-mighty Hollywood kingmaker, Weinstein was photographed dining at an Arizona restaurant Thursday night after promising to enter a treatment program to work on his “demons.”


He issued a rambling apology last week but did not name any names.


“I cannot be more remorseful about the people I hurt and I plan to do right by all of them,” he said.


Actresses Ashley Judd, Gwyneth Paltrow, Angelina Jolie, Mira Sorvino, Rosanna Arquette, Cara Delevingne, Jessica Barth, Kate Beckinsale and Claire Forlani are among the growing cast of women accusing Weinstein of serial sexual harassment and assault.

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Italian actress Asia Argento and former aspiring actress Lucia Stoller accused Weinstein of rape in a New Yorker piece published this week.

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Rose McGowan accused Weinstein of rape on Thursday.

(Chris Pizzello/Chris Pizzello/Invision/AP)


Stoller, now a marketing consultant, said Weinstein forcibly assaulted her in New York after meeting her at Cipriani Upstairs in 2004 and luring her to a private meeting.


The New York Police Department said this week it was opening an investigation into possible assaults in New York.


A high-ranking official said Friday that so far, the department has received a couple of phone calls regarding misconduct by Weinstein, but nothing that involves criminal activity in the city.


Together, the Weinstein brothers own 42% of TWC, according to The New York Times.


Bob Weinstein is now the sole chairman at TWC, and he blasted his brother in a statement earlier this week.


“My brother Harvey is obviously a very sick man. I’ve urged him to seek immediate professional help because he is in dire need of it. His remorse and apologies to the victims of his abuse are hollow. He said he would go away for help and has yet to do so,” Bob Weinstein said in the statement obtained by the Daily News.


“He has proven himself to be a world class liar,” he continued. “I pray he gets the help that he needs.”


With News Wire Services

Tags:
harvey weinstein
bob weinstein
rose mcgowan
sexual harassment
sex crimes

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