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Weinstein Company on the brink of collapse
[HotAir] Go figure that talent and content producers might not want to work with the entertainment industry equivalent of The Pit of Despair. A revolt from agencies and financiers has put the Weinstein Company “near the brink” of extinction, Deadline Hollywood reported last night. Whatever remaining benefit of doubt has evaporated as more details of the Harvey Weinstein “dumpster fire” emerges — and that was before details of his contract with the board emerged:

Late last week, the town seemed willing to hang in with the production company if Weinstein was fired, giving co-chairman Bob Weinstein and COO David Glasser the chance to keep the company moving forward on its TV and movie projects, and keep the 190 staffers from heading to the exits. This was after the first New York Timesarticle. But there has been one devastating blow after the other in the days following that have eroded much of that good will for a post-Weinstein rebound. The first serious wound came with Ronan Farrow’s The New Yorker article, with descriptions of rapes that were more than sickening; they were terrifying. Two days after the board of directors issued a statement that its members had no idea of the allegations of abuse by Weinstein, TNY today quoted board member Lance Maerov admitting he had heard of multiple settlements. Even though he added he believed they were for consensual affairs and the desire to eliminate legal liability (and some believe his admission got mangled in translation, because at least two of the matters were investigated by TWC’s HR department, several major agents today said they had lost faith in the company’s mixed messaging).

Agents did not want to be on record, but reactions ranged from not wanting to risk the wrath of clients in the event of more fallout by putting them into TWC projects, and others said that if there was evidence of Weinstein benefiting directly or indirectly in projects, the agencies wanted no part of it. They felt even a re-branded company will carry a tarnish, and hoped that projects would be sold off. This wasn’t unanimous; at least one said that if Bob Weinstein and Glasser could change the messaging, and make it clear that Harvey Weinstein’s indiscretions were not in fact covered up, forgiveness could come over time.
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Posted by: badanov 2017-10-14
http://www.rantburg.com/poparticle.php?ID=499475