Los Angeles Times

Weinstein Co. has filed for bankruptcy and will pursue a sale

LOS ANGELES - Harvey Weinstein's embattled movie studio - once a premier maker of award-winning films - has filed for Chapter 11 bankruptcy more than five months after sexual misconduct allegations against its co-founder sent the company spiraling out of control, the company's board said late Monday night.

The filing, submitted in Delaware, is the culmination of a long struggle to spare the formerly highflying studio from bankruptcy court. The move to seek protection from creditors owed hundreds of millions of dollars comes after the company tried and failed to sell assets to a

You're reading a preview, sign up to read more.

More from Los Angeles Times

Los Angeles Times2 min read
Powerhouse Agency Owner Endeavor Appears Set To Raise $600 Million In IPO
After much anticipation, Endeavor Group Holdings Inc., owner of the powerful WME talent agency, appears set for an initial public offering this fall, with a valuation of $8 billion. According to a filing with the U.S. Securities and Exchange Commissi
Los Angeles Times6 min read
Middle America May Not Get Late-night Newcomer Lilly Singh. They Can Deal With It
LOS ANGELES - When YouTube superstar Lilly Singh decided to join NBC's late-night block - in the sleepless 1:35 a.m. slot previously held by Carson Daly - she kept the secret for months. She didn't tell friends; she didn't tell family. They learned a
Los Angeles Times6 min read
Best Of The 2019 Toronto Film Festival: There Was 'Parasite' And There Was Everything Else
TORONTO - The Telluride and Venice film festivals have ended and Toronto is winding down. Times film critic Justin Chang and entertainment columnist Glenn Whipp took a break between a few last-minute screenings north of the border to share their earl