Weinstein Co pronounced to try sale or shutdown, though association denies report

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(Reuters) – The Weinstein Co, a film prolongation association part-owned by Harvey Weinstein, is exploring a sale or shutdown and is doubtful to continue as an eccentric entity, The Wall Street Journal reported on Friday, though a company’s co-chairman, Bob Weinstein, denied a report.

“Our banks, partners and shareholders are entirely understanding of a association and it is wrong that a association or house is exploring a sale or shutdown of a company,” co-chairman Bob Weinstein pronounced in a statement. “Business is stability as common as the association moves ahead.”

The New Yorker repository reported on Tuesday that 13 women have claimed that film writer Harvey Weinstein intimately tormented or assaulted them.

Last Sunday The Weinstein Co dismissed co-chairman Harvey Weinstein, following a news of passionate nuisance allegations opposite a executive by a New York Times.

The house formerly had been deliberation appointing co-chairman Bob Weinstein, Harvey Weinstein’s brother, and President David Glasser to continue handling Weinstein Co with a new name, though that devise is no longer on a table, according to a WSJ report. (on.wsj.com/2wTQYtS)

Reporting by Ankur Banerjee and Piya Sinha Roy; modifying by Clive McKeef

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