The Weinstein Co. is considering a sale or closure of the company following the termination of Co-Chairman Harvey Weinstein amid sexual harassment accusations, The Wall Street Journal reported, citing sources familiar with the matter.
The sources said potential buyers have approached the company's board and other individuals close to the company, according to the sources. In the event of a closure of the company, assets such as its library of movies and TV shows could be sold in pieces.
Co-Chairman Bob Weinstein, however, said it was not true that the company was exploring a sale or shutdown.
Meanwhile, the company's board has scrapped a plan for Bob Weinstein and President David Glasser to lead the company under a new company, the Oct. 13 report said, citing a source. Four board members reportedly stepped down in the week of Oct. 2.