Weinstein Co. to file for bankruptcy

[Rodney-2187]

Weinstein Co. Reaches Deal With Ron Burkle-Backed Investor Group

http://variety.com/2018/biz/news/wei...et-1202694056/

http://www.darkhorizons.com/weinstei...t-minute-deal/

In a last-minute deal, the investment team led by Maria Contreras-Sweet and backed by billionaire Ron Burkle has reached an agreement to acquire The Weinstein Company’s assets with the aim of launching a new, women-led movie studio whose board of directors made up of a majority of women.

The acquisition comes just days after it appeared the studio was destined for bankruptcy, and saves about 150 jobs, protects the small businesses owed money by The Weinstein Company, and creates a fund to compensate victims of sexual harassment and abuse.