Time's up for Harvey Weinstein as he prepares to finally surrender to authorities
Harvey Weinstein is expected to turn himself in to the NYPD on Friday (May 25) morning, according to New York Times. It is believed that the filmmaker will surrender around 8 a.m. and will be charged with rape and sexual assault. The downfall of the movie mogul began when a large number of women came forward to say they were sexually harassed or assaulted by him - allegations he has denied.
The tumble started with the The New York Times publishing an exposé with regard to the sexual assaults done by the producer. The report consisted of a detailed summary of all the assaults done by him over a period of 30 years. After this, nearly 90 women from within the industry came forward and accused Harvey of the same. Even Harvey' personal assistant, Sandeep Rehal has sued the former Hollywood film producer, claiming she was required to clean up after his “sexual encounters."
Soon, several other A-list actresses like Meryl Streep, Gwyneth Paltrow., and others came forward voicing their opinion with regard to the allegations. At the same time, one voice that refused to shut down was that of Rose McGowan. The actress detailed every bit of information with regard to Harvey and the sexual assault and showed the world the darker side of Hollywood.
The allegations gave rise to movements like the MeToo and Time's Up. Me Too movement saw people from various parts of the world coming forward and talking about their stories, the one they had been quiet about for a long time. Meanwhile, the Time's Up movement focused on putting an end to sexual assault and held a strong belief in bringing back equality in the workplace.
The sexual assault allegation against Harvey also led the Weinstein Company into bankruptcy. The Weinstein Company Holdings LLC announced that the firm has filed for voluntary bankruptcy. The company's assets were sold to a Dallas-based equity firm. The company also announced that it will end its nondisclosure agreement that prevented victims as well as staff from sharing their stories.
On March 1, 2018, The Weinstein Company and the investor board announced that they had reached a deal in which the company decided to sell all of its assets for $500 million. However, the deal soon collapsed as it was found that the company had an extra debt of $50 million. This led them to file for bankruptcy again on March 19, 2018. On May 1, 2018, Lantern Capital emerged as the winner of the studio's bankruptcy auction.