Harvey Weinstein‘s former production company has announced that it has filed for bankruptcy, less than six months after the Hollywood mogul was rocked by an avalanche of sexual assault allegations.
The studio also says it’s immediately releasing accusers from non-disclosure agreements which Weinstein had used to silence them, allowing women to speak up without fear of retaliation.
The company says it cannot undo the damage Weinstein caused, but hopes this will mark a new beginning.
Any bankruptcy will cast further doubt on the fate of several finished movies, which have languished on the shelf since the scandal blew up, with no release dates announced.
They include historical drama “The Current War,” starring Benedict Cumberbatch as Thomas Edison, “Mary Magdalene,” a religious drama starring Rooney Mara, and “The War With Grandpa,” a comedy starring Robert De Niro.
In a letter to Contreras-Sweet on Sunday, Weinstein Company representatives said they had worked “tirelessly” to accommodate principles laid out by New York state attorney general Eric Schneiderman.
The prosecutor sued the firm earlier this month fearing that the imminent sale could leave victims of Weinstein’s alleged sexual misconduct without adequate redress.
