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The Weinstein Company Has Cancelled All Nondisclosure Agreements About Harvey Weinstein
Over the last couple of months, The Weinstein Company worked to find a buyer and thus avoid bankruptcy. At one point it looked like the company that Harvey Weinstein built would be bought out, would have its name changed, and would create a new workplace environment catered toward women, with breastfeeding rooms and more. All that fell through, and this week The Weinstein Company filed for bankruptcy. In addition, the company cancelled all of the non-disclosure agreements it had signed during the reign of Harvey Weinstein.
The bankruptcy filing, which officially happened on Monday, prompted the company to open up each and every one of the non-disclosure agreements, which means those who were silenced by the agreements may speak freely in the future. New York Attorney General Eric T. Schneiderman has been investigating what happened during Harvey Weinstein's tenure at the studio. It has been his investigation that may have led to the deal between Maria Contreras-Sweet and buyers and The Weinstein Company to initially fall apart. Following the Contreras-Sweet deal losing steam, it seemed as if the company would file for bankruptcy and now it has done so.
About the NDAs, the company noted in a statement (via the New York Times),
No one should be afraid to speak out or coerced to stay quiet... Your voices have inspired a movement for change across the country and around the world. The company regrets that it cannot undo the damage Harvey Weinstein caused, but hopes that today's events will mark a new beginning.
Currently, Harvey Weinstein has been removed from his positions of power in Hollywood. He was fired from his role at The Weinstein Company and was kicked out of the Academy for Motion Picture Arts and Sciences. However, this may only have been the start to his troubles, as groups in New York, Los Angeles and London are looking into criminal cases against him. Another woman, Kadian Noble, is pursuing a lawsuit accusing Harvey Weinstein of sex trafficking at the 2014 Cannes Film Festival.
The Weinstein Company is also dealing with the ramifications of all of Harvey Weinstein's alleged behavior over the years. The company also faces bankruptcy and additional lawsuits. The company even sold the rights to Paddington 2 to recover some of its costs a few months ago; however, now TWC is even being sued over Paddington 2. So, there's a lot that has gone on since the initial allegations against Weinstein came to light.
In the aftermath of all of this Maria Contreras-Sweet and co. pulled out and now with the bankruptcy announcement the company has Lantern Capitol as a "stalking horse bidder," which should keep the company from not having to take low bids. An auction will happen, and the court should supervise all of the bids that come in. Right now, the future of The Weinstein Company is still uncertain, but we'll keep you updated as more news develops. In the meantime, with the NDAs no longer an obstacle in the way of the investigation of Harvey Weinstein, that story seems far from over, as well.
#youtubeviralvideo Everyone's favorite law enforcement team is back by popular demand with the follow up to the cult comedy classic…SUPER TROOPERS. When a border dispute arises between the U.S. and Canada, Super Troopers- Mac, Thorny, Foster, Rabbit and Farva, are called in to set up a new Highway Patrol station in the disputed area.
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Patty Jenkins Responds To Wonder Woman 1984's Delay Wonder Woman's sequel has been delayed a series of months, and now the director has spoken out. Corey Chichizola Oct 23, 2018
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Details on an Alternate Ending For BRIGHTBURN and How The Franchise Could Continue Movie Brightburn Image Safe about 2 weeks ago by Joey Paur The James Gunn -produced super powered horror thriller Brightburn was released this weekend and I'm sure many of you went to the theater to check it out.
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Solo: A Star Wars Story is a stand-alone Star Wars film directed by Ron Howard from a screenplay by Lawrence Kasdan and Jon Kasdan, released Worldwide on May 25, 2018.It stars Alden Ehrenreich as Han Solo in the years prior to Star Wars: Episode IV A New Hope.
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