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The Weinstein Company may call a wrap on its own existence in the wake of founder Harvey Weinstein‘s sex assault scandal, according to a new report.
The embattled film production company’s board is looking at either selling to another company or just fading to black and is unlikely to continue as an independent entity, the Wall Street Journal reports.
But company co-chair Bob Weinstein, Harvey’s brother, rejected the report Friday, saying the company is plowing ahead.
“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,” the TWC co-chair said Friday in a statement to Deadline Hollywood.
If it does pull the plug, its films and TV shows will be sold off separately.
And the sharks are already circling — prospective buyers have already approached board members, the Journal reports.