October 22, 2017

Z Might Buy Harvey Weinstein's Shares in the Weinstein Company

12 October 2017, 02:48 | Elsie Buchanan

The Weinstein Company is facing its first lawsuit in the wake of the Harvey Weinstein sexual harassment scandal

The Weinstein Company is facing its first lawsuit in the wake of the Harvey Weinstein sexual harassment scandal

While the entertainment heavyweight probably thought they were avoiding trouble by firing founder Harvey Weinstein in the wake of sexual assault claims against him, they now find themselves in a new dilemma.

At least one major project has already been cancelled and the company has begun removing Mr Weinstein's name from a number of productions. Despite the scandal, Hov wants to continue his partnership with the company but as a shareholder.

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Shawn Carter, along with a billionaire, movie producer, and other investors, are reportedly joining forces in order to purchase Weinstein's 23 percent stake in the company, reports TMZ.

Jay has had a working relationship with TWC and Harvey ... he has a deal in which he has produced a movie, "The Kalief Browder Story".

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Weinstein pictured with daughter Remy in happier times. Subsequently, more accusers came forward, including some of Hollywood's most powerful actresses, including Angelina Jolie, Gwyneth Paltrow, and Cara Delevingne, detailing years of alleged abuse. The letter says that since Harvey Weinstein was co-chair of the company when they issued the loan, and he isn't anymore, that's a "material adverse change", giving them an out.

ABC/Randy HolmesJAY-Z is definitely focused on being a "business, man".

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