Weinstein Company to file for bankruptcy

The Weinstein Company’s board of directors says the firm is expected to file for bankruptcy protection after last-ditch talks to sell its assets collapsed.

Harvey Weinstein co-founded the company in 2005. He was fired last October after being accused of sexual assault and harassment by dozens of women. Weinstein has denied all allegations of non-consensual sex.

The decision came after the board was unable to revive a deal to sell the studio for about $500million (£358million) to an investor group.