The New York studio co-founded by disgraced film producer Harvey Weinstein is to file for bankruptcy after talks to sell its assets to an investor group collapsed, reports say.
Weinstein Company to File for Bankruptcy
Talks ended two weeks ago when the New York attorney general's office filed a lawsuit against the Weinstein Company.
Directors were quoted as saying bankruptcy was the only viable option.
Mr Weinstein faces dozens of allegations of sexual abuse, including rape, but denies non-consensual sex.
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