The Weinstein Company Is Going Under

Investors, talent agencies and banks are now taking the view that the Weinstein Company is ‘toxic,’ and are preparing to sever ties with the production firm, according to insiders.

A new report details the turmoil rocking the entertainment industry as a result of the unfolding Weinstein scandal, which could radically alter the landscape in Hollywood and beyond.

One anonymous media executive likened the crisis to “a run on the banks,” explaining, “Banks aren’t going to continue to lend to them. You have agencies saying they will not allow talent to appear in their movies even if they re-brand. The equity is likely to get wiped out.”

Weinstein’s ‘indiscretions’ seem to have been a trigger for a wider meltdown that is now including Ben Affleck and even Steven Seagal.