Bob Weinstein Denies Weinstein Company Is for Sale

Bob Weinstein denied Friday that the Weinstein Company is for sale or exploring closing its doors. The indie studio behind “The King’s Speech” and “The Artist” has been engulfed in a sexual harassment and abuse scandal involving Harvey Weinstein, Bob Weinstein’s brother and the company’s co-founder.

“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,” Bob Weinstein said in a statement.

On Thursday, Variety reported that the company’s leaders were divided over how to respond to the media frenzy surrounding Harvey Weinstein’s alleged history of abuse and harassment.

Bob Weinstein is advocating pushing through while a law firm hired to investigate the growing number of claims about Harvey Weinstein’s alleged misconduct completes its work. But other TWC board members are said to be pushing for the company to begin a sale process. Bankruptcy reorganization is also believed to be on the table.

In his statement, Bob Weinstein tried to portray everything as business as usual at the company. He went on to say that “Polaroid,” an upcoming horror movie, is moving forward, as planned, with a release date of Nov. 22, while “Paddington 2” will hit theaters on Jan. 12.

“The first ‘Paddington’ grossed over $75 million and we expect even greater success for ‘Paddington 2,'” Bob Weinstein said. “Test screening scores are through the roof.”

Weinstein said the company will also release “War With Grandpa” starring Robert De Niro on Feb. 23, 2018. He did not say when the company will launch “The Current War,” a historical drama with Benedict Cumberbatch that was originally slated to debut next month.

“Business is continuing as usual as the company moves ahead,” said Bob Weinstein.

Despite his claims, many top agencies and companies are wary of working with the indie studio. Harvey Weinstein has been accused of harassing employees, aspiring actresses, and movie stars such as Gwyneth Paltrow, Angelina Jolie, and Ashley Judd over the course of three decades. He was fired from the company last weekend, but is launching a legal challenge.

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