Weinstein Company Is Filing for Bankruptcy After Sale Falls Through
Harvey Weinsteinmay have completely collapses his film studioThe Weinstein Companywith his sexual harassment charges. In a letter sent to potential buyers Ron Burkle and Maria Contreras-Sweet last night, The Weinstein Company announced its plans to file for bankruptcy after talks to sell the company for $500 million fell through. The company made it clear that they were in desperate need of operating cash to keep the business afloat, but it seems that Contreras-Sweet, Burkle and the Dallas-based private equity firm Lantern Asset Management weren’t willing to provide interim funding to keep the business afloat until the deal closed....