Home Entertainment Harvey Weinstein’s company files for bankruptcy

Harvey Weinstein’s company files for bankruptcy


(G.N.S) Dt. 21
New York
The Weinstein company has announced that it has filed for bankruptcy, finding itself unable to survive the allegations of sexual abuse levelled against its co-founder Harvey Weinstein last year.
The company may yet be able to reorganise and continue to produce TV shows and films under new ownership. Lantern Capital put in a ‘stalking horse’ bid, which provides a floor for a bankruptcy auction.
“The Board selected Lantern in part due to Lantern’s commitment to maintain the assets and employees as a going concern,” the company said in a statement issued on Monday.
“The company hopes that this orderly sale process under the supervision of the Bankruptcy Court will allow it to maximise the value of the company’s assets for the benefit of its creditors and other stakeholders.”

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