Weinstein Company Releases Bizarre Update in Response to Sale Rumors

The Weinstein Company has released a statement regarding its plan moving forward, however, some people find it bizarre, especially since it makes no mention of some of the pressing issues the group is facing. Since the scandal involving its co-founder, Harvey Weinstein, broke last week, many are wondering what the fate of the film studio will be. Now it seems the people left in charge want to get back on track and leave all the controversy behind.

Earlier this month, the company was rocked with arguably one of the biggest scandals in recent Hollywood history with the bombshell that the 65-year-old exec has been legally battling and secretly settling sexual harassment allegations leveled by former employees and associates for decades. It did not help that as days went by, more and more women came forward to share their horrific experiences with Weinstein. Backed into a corner, The Weinstein Company board eventually decided to fire their own co-chairmen, leaving his brother, Bob Weinstein, at the seat of power.

Now, the company has released a presser that details their lined-up projects, presumably to give everyone the idea that they have everything under control and that it is business as usual. IndieWire reported the statement, which reads:

“Our banks, partners and shareholders are fully supportive of our company and it is untrue that the company or board is exploring a sale or shutdown of the company. ‘Polaroid’ is moving forward as planned with a release date of November 22 followed by ‘Paddington 2’ on January 12. The first ‘Paddington’ grossed over $75 million and we expect even greater success for ‘Paddington 2.’ Test screening scores are through the roof. ‘War with Grandpa’ starring Robert De Niro is scheduled for February 23, 2018. Business is continuing as usual as the company moves ahead.”

From the onset, the message seems to have been carefully crafted in a way to ease people's worries about the company's future. But interestingly, there was no mention of their other projects including their fall's biggest release, The Current War, starring Benedict Cumberbatch, which premiered at this year's TIFF. Jeremy Renner's Wind River was also nowhere to be found in the statement. Instead, it seems like The Weinstein Company is banking on Paddington 2's success, which is already being promoted with a trailer release. Additionally, the presser did not address circulating reports that the company is considering changing its name for rebranding purposes.

The Weinstein Company is not the only business that received a direct hit from Harvey Weinstein's sexual assault scandal, since his wife, Georgina Chapman, has seen her fashion label Marchesa also go through rough times with more and more Hollywood stylists and stars opting not to wear anything from the clothing line. This is despite the fact that Chapman has already announced she is leaving her husband and that Weinstein is not part of the brand's board.


Source: The Weinstein Company (via IndieWire)

Bruce Campbell as Ash Williams and Sam Raimi
Evil Dead: Sam Raimi Has Hand-Chosen Director For New Movie

More in Movie News