US film and TV studio The Weinstein Company, whose ex-chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it has filed for bankruptcy with an offer from an affiliate of private equity firm Lantern Capital Partners to acquire its assets.
The Weinstein Company, which has about 100 employees, filed for bankruptcy, listing $500m to $1bn in liabilities and $500m to $1bn in assets.
“Since October, it has been reported that Harvey Weinstein used non-disclosure agreements as a secret weapon to silence his accusers.
Movie producer Killer Content also said bankruptcy would be the best option for the company, and that it may be interested in the studio’s assets in a bankruptcy auction.