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- Jake Lipson
I wasn't really sure where to put this, since it's not about a movie specifically, but it does impact one of the major indie studios and certainly one of the most powerful producers in the industry (until today), so I thought it would be worth bringing up. If this is in the wrong forum, moderators, please move.
The New York Times ran an article today detailing accusations of sexual harassment by Harvey Weinstein going back over 30 years, including reports from "dozens of women" and payoffss to at least eight. It's extremely damning and a disturbing read.
https://www.nytimes.com/2017/10/05/...ackage-region®ion=top-news&WT.nav=top-news
On a personal level, I think it is clear that Weinstein's alleged behavior is gross, abhorrent and totally unacceptable in Hollywood, or anywhere else for that matter. I just wanted to say that right out front before we get to any of the rest of the discussion of he fallout from this.
From a business perspective and the point of view of "What is this going to mean for cinema?", I'm interested to see what The Weinstein Company does next. Harvey is already taking a leave of absence and issued a genuinely weird apology statement referencing Jay-Z and the NRA. Apparently he's also talking to lawyers about a lawsuit in response to the NYT piece. Here is the link to his apology: http://deadline.com/2017/10/harvey-...mes-sexual-harassment-allegations-1202182912/.
Variety says he may be ousted by Friday: http://variety.com/2017/film/news/harvey-weinstein-bob-weinstein-1202581952/.
But what's unique about this situation for the company is: Harvey and his brother Bob named the company after themselves. That means that, unlike Fox which can distance itself from Bill O'Riley or NBC which can cancel Bill Cosby's TV show development deal with them or Ain't It Cool News which can sever ties with Harry Knowles, even if the company board decides to fire him over this, they've still got his name front and center on every single thing they have put out or will put out. His name is the brand, and if his name is tarnished, will the company be able to survive? If they try to rename themselves, they lose association with the remarkable library of films they have built since 2005, but if they don't change their name, they're putting his name out there to represent their work even if he becomes no longer involved.
The New York Times ran an article today detailing accusations of sexual harassment by Harvey Weinstein going back over 30 years, including reports from "dozens of women" and payoffss to at least eight. It's extremely damning and a disturbing read.
https://www.nytimes.com/2017/10/05/...ackage-region®ion=top-news&WT.nav=top-news
On a personal level, I think it is clear that Weinstein's alleged behavior is gross, abhorrent and totally unacceptable in Hollywood, or anywhere else for that matter. I just wanted to say that right out front before we get to any of the rest of the discussion of he fallout from this.
From a business perspective and the point of view of "What is this going to mean for cinema?", I'm interested to see what The Weinstein Company does next. Harvey is already taking a leave of absence and issued a genuinely weird apology statement referencing Jay-Z and the NRA. Apparently he's also talking to lawyers about a lawsuit in response to the NYT piece. Here is the link to his apology: http://deadline.com/2017/10/harvey-...mes-sexual-harassment-allegations-1202182912/.
Variety says he may be ousted by Friday: http://variety.com/2017/film/news/harvey-weinstein-bob-weinstein-1202581952/.
But what's unique about this situation for the company is: Harvey and his brother Bob named the company after themselves. That means that, unlike Fox which can distance itself from Bill O'Riley or NBC which can cancel Bill Cosby's TV show development deal with them or Ain't It Cool News which can sever ties with Harry Knowles, even if the company board decides to fire him over this, they've still got his name front and center on every single thing they have put out or will put out. His name is the brand, and if his name is tarnished, will the company be able to survive? If they try to rename themselves, they lose association with the remarkable library of films they have built since 2005, but if they don't change their name, they're putting his name out there to represent their work even if he becomes no longer involved.
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