This news comes on the heels of The Weinstein Company reportedly nearing a deal with investors.
The film industry is currently in a state of turmoil following numerous sexual assault allegations levied against producer Harvey Weinstein, one of the co-founders of The Weinstein Company.
Of course, it could morph into another studio, just as Weinstein and his brother, Bob Weinstein, left Miramax Films (after selling the studio to Disney) to create The Weinstein Company.
No matter what The Weinstein Company does at this point, it’s clear that the studio, as it stands, will never operate in Hollywood again.