The winding tale of Harvey Weinstein and the sale of TWC may finally be coming to an end, but not before a final act twist.
If you've been following the story, TWC was put up for sale several times in light of the accusations and fallout from the scandal involving Harvey Weinstein. The bankruptcy sale has now been completed according to the New York Times, and it's looking like an equity firm named Lantern Capital will take on TWC for the hefty sum of $310 million with the assumption of $115 million in debt.
The bid still has to go through a bankruptcy court and there's also the possibility that the creditors of TWC - which include Quentin Tarantino, Jennifer Lawrence, Brad Pitt and a number of other well-known names - could object to the sale and hold the whole process up or even halt it entirely.
All this news comes as Harvey Weinstein has been hit with another lawsuit on the same day, this one from a producer on Netflix's Marco Polo. Alexandra Canosa claims that Weinstein raped, physically assaulted and verbally abused her over the course of five years, and alleges that Weinstein "made it clear that if she did not succumb to his demands for sexual contact or if she exposed his unwanted conduct there would be retaliation, including humiliation, the loss of her job and loss of any ability to work in the entertainment business."
Weinstein has denied the charges all charges against him. Just yesterday, Ashley Judd lodged a lawsuit against the producer claiming that he ruined her career.
Via CNN / New York Times