Weinstein Company Head To Bankruptcy

The Weinstein Company’s sales talks have failed.
Now the one-time revered studio says they are going to pursue bankruptcy.
The studio opted to delay its projects or shelve them.
They are also trying to sell off some projects to competing studios.
Selling off projects could help them recover some of their production costs.
The Weinstein company accused potential buyer of acting in bad faith.
In a letter obtained by THR, the company told investors it's moving towards bankruptcy.