The Weinstein Company said in court papers filed in bankruptcy court in Delaware on Tuesday that it aims to liquidate the remainder of it holdings in order to end the bankruptcy of the film studio co-founded by the former Hollywood producer Harvey Weinstein.
The Weinstein Company had about 100 employees when it filed for bankruptcy in March last year, at that time listing $500m to $1bn in liabilities and the same range in assets.
The studio’s bankruptcy comes after it had already spent months looking for a buyer or investor, without success.
Weinstein, 67, fell from grace after more than 70 women, mostly young actors and others in the movie business, accused him of sexual assaults dating back decades.