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			<article
class="single-article post-1721398 post type-post status-publish format-standard has-post-thumbnail hentry category-category-business category-movies category-news"data-page-title="Harvey Weinstein Fired From The Weinstein Company"
data-page-url="https://www.thewrap.com/httpswww-thewrap-comharvey-weinstein-fired-weinstein-company/">

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	<h1 class="title">Harvey Weinstein Fired From The Weinstein Company</h1>

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		<div class="excerpt"><p>Board of directors issued a statement on Sunday</p>
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		<span class="byline"><span class="author vcard"><a href="https://www.thewrap.com/author/sharon-waxman/" title="Posts by Sharon Waxman" class="author url fn" rel="author">Sharon Waxman</a></span> | Last Updated: October 9, 2017 @ 10:02 AM</span>
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					<p>Harvey Weinstein, the disgraced chief of The Weinstein Company, has been fired effective immediately, his board of directors said on Sunday.</p>
<p>&#8220;In light of new information about misconduct by Harvey Weinstein that has emerged in the past few days,  the directors of The Weinstein Company &#8211; Robert Weinstein, Lance Maerov, Richard Koenigsberg and Tarak Ben Ammar &#8211; have determined, and have informed Harvey Weinstein, that his employment with The Weinstein Company is terminated, effective immediately,&#8221; the statement read.</p>
<p class="ctx-link"><strong>Also Read:</strong> <a class="also-read-counter" href="https://www.thewrap.com/harvey-weinstein-scandal-obama-clinton-democratic-player-political-pariah/">Harvey Weinstein&#039;s Scandal Turns Him From Democratic Player to Political Pariah</a></p>
<p>That leaves the company under the current direction of co-Chairman Bob Weinstein, Harvey&#8217;s younger brother, and COO David Glasser. The role of CEO is expected to be named shortly.</p>
<p>The company has been under intense pressure since The New York Times broke an investigative <a href="https://www.nytimes.com/2017/10/05/us/harvey-weinstein-harassment-allegations.html?action=click&amp;contentCollection=Media&amp;module=RelatedCoverage&amp;region=Marginalia&amp;pgtype=article&amp;_r=0">story on Thursday </a>detailing three decades of sexual misconduct, including accusations that he propositioned actresses and harassed female employees.</p><div id="taboola-mobile-mid-article-thumbnails smallscreen"></div>
<p>More ugly stories continued to dribble out over the weekend, including a vulgar report by a news anchor that Weinstein masturbated in front of her and other stories of inappropriate propositions.</p>
<p class="ctx-link"><strong>Also Read:</strong> <a class="also-read-counter" href="https://www.thewrap.com/harvey-weinstein-fired-reactions-sexual-harassment/">Harvey Weinstein Firing Celebrated by Rose McGowan, James Gunn: &#039;Good F-king Riddance&#039;</a></p>
<p>Weinstein voluntarily took a leave of absence on Thursday, but that did not suffice to stem the tide of rejection of the once-powerful mogul by members of his own board, politicians he supported for years and industry colleagues.</p><script async='async' src='https://www.googletagservices.com/tag/js/gpt.js'></script>
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<p>Since the publication of the Times story, four board members &#8212; Marc Lasry, Paul Tudor Jones, Dirk Ziff and  Tim Sarnoff &#8212; resigned, and legal advisers including lawyers Lisa Bloom and Lanny Davis stepped away from the toxic situation.</p>
<p>Public figures who were previously considered friends and business partners distanced themselves unequivocally, including MSNBC anchor Mika Brzezinski, who said she would not fulfill a book contract with TWC&#8217;s publishing division if Harvey Weinstein stayed on as CEO.</p>
<p class="ctx-link"><strong>Also Read:</strong> <a class="also-read-counter" href="https://www.thewrap.com/httpswww-thewrap-comtrump-not-at-all-surprised-by-harvey-weinstein-allegations-video/">Trump Is &#039;Not at All Surprised&#039; by Harvey Weinstein Sexual Harassment Allegations (Video)</a></p>
<p>Internally, Weinstein continued to fight for his survival, insiders have told TheWrap. His advisers &#8212; including his brother, Bob &#8212; told him that he needed to take the allegations seriously and not merely pay lip service. They urged him to leave for six months and get treatment for sex addiction or whatever his unacceptable behavior would be designated.</p>
<p>Weinstein told TheWrap in an interview on Thursday that he was sincere in his apology and his intention to make amends. But reports continued to leak out of the company that the CEO was determined to dictate the terms of his leave of absence and treatment.</p>
<p>The board became increasingly concerned about the company&#8217;s survival and were in the midst of negotiating a deal on Saturday and Sunday for Weinstein to resign. That deal apparently fell apart on Sunday, and the board issued the termination notice, bringing an extraordinary end to the career of one of Hollywood&#8217;s most powerful moguls.</p>
<p class="ctx-link"><strong>Also Read:</strong> <a class="also-read-counter" href="https://www.thewrap.com/media-enablers-harvey-weinstein-new-york-times/">&#039;Harvey Weinstein&#039;s Media Enablers&#039;? The New York Times Is One of Them</a></p>
<p>Harvey and Bob Weinstein co-founded the indie film company Miramax in 1979 and grew it into a powerhouse brand that made art-house films mainstream and reshaped the Academy Awards race with aggressive marketing and buzz with movies from &#8220;Pulp Fiction,&#8221; to &#8220;Shakespeare in Love&#8221; to &#8220;Good Will Hunting.&#8221;</p>
<p>The company was bought by Disney in 1993, and the brothers continued to run the company &#8212; and dominate Oscar races &#8212; until they left in 2005 to launch the new privately held Weinstein Company. The brothers have a 44 percent stake in the firm, according to the Times.</p>
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				<h2 class="title">A Short History of Harvey Weinstein&#039;s Oscar Campaigns (Photos)</h2>

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												<div class="caption" style="display: none;"><p>Indie mogul Harvey Weinstein, who was fired Sunday from his position of co-CEO of The Weinstein Company, revolutionized the Oscar race both at TWC and his previous company, Miramax.</p></div>
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												data-src="https://www.thewrap.com/wp-content/uploads/2016/02/Daniel-Day-Lewis-My-Left-Foot.jpg"/>

												<div class="caption" style="display: none;"><p>Harvey Weinstein first got into the Oscar race in a big way in 1990 with a "guerilla" campaign for the art-house drama "My Left Foot" by setting up meet-and-greets between Academy members and film talent. The result? Oscar wins for stars Daniel Day Lewis and Brenda Fricker.</p></div>
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												alt="Pulp Fiction"
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												<div class="caption" style="display: none;"><p>In 1995, Weinstein mounted a surprisingly aggressive campaign for upstart director Quentin Tarantino's ultraviolent "Pulp Fiction" -- helping to redefine what sorts of movies could appeal to the Academy. Tarantino shared a screenplay Oscar with Roger Avary.</p></div>
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												alt="The English Patient"
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												data-src="https://www.thewrap.com/wp-content/uploads/2017/07/the-english-patient-still.jpg"/>

												<div class="caption" style="display: none;"><p>Miramax snagged its first Best Picture victory for 1996's "The English Patient" -- which earned a total of nine awards, including for director Anthony Minghella and lead actress Juliette Binoche.</p></div>
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												src="https://www.thewrap.com/wp-content/plugins/contextual-links/assets/img/loading.gif"
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												<div class="caption" style="display: none;"><p>Weinstein built an awareness campaign for the then-unknown Billy Bob Thornton for 1996's "Sling Blade" -- which yielded an Oscar for his adapted screenplay and a nomination for Best Actor.</p></div>
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												<div class="caption" style="display: none;"><p>Miramax pulled off a double coup with 1997's "Good Will Hunting," delivering Robin Williams his long-awaited first Oscar and a rare screenplay prize for two twentysomething newbies, Ben Affleck and Matt Damon.</p></div>
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												<div class="caption" style="display: none;"><p>One year later, Miramax pulled out all the stops after landing two Best Picture nominations, including for the Italian-language drama "Life Is Beautiful." According to Peter Biskind's book "Down and Dirty Pictures," star-auteur Roberto Begnini "moved into L.A. for a month during the peak of the voting period." The film came away with three Oscars, including Best Actor.</p></div>
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												<div class="caption" style="display: none;"><p>That year, Miramax pulled off a bigger upset when "Shakespeare in Love" seized Best Picture over Steven Spielberg's heavily favored "Saving Private Ryan." "Shakespeare" won a total of seven Academy Awards, including for actresses Gwyneth Paltrow and Judi Dench.</p></div>
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												<div class="caption" style="display: none;"><p>Miramax surprised many by landing yet another Best Picture nomination for the 2000 Juliette Binoche-Johnny Depp bonbon "Chocolat."</p></div>
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												<div class="caption" style="display: none;"><p>In 2003, the Weinsteins had a hand in four of the five Best Picture nominees: "Chicago," "The Hours," "Gangs of New York" and "The Lord of the Rings: The Two Towers" (on which they had producer credits). "Chicago" won the top prize -- as well as five others.</p></div>
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												<div class="caption" style="display: none;"><p>In 2004, Miramax took advantage of a careful reading of Academy rules and scored four nominations for the Brazilian inner-city drama "City of God" -- even though the film had failed to land a Best Foreign Language film nomination the previous year.</p></div>
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												<div class="caption" style="display: none;"><p>The Weinsteins exited Disney-owned Miramax and founded their own company in 2005 -- and got right back in the Oscar race with two nominations for one of their first releases, the Felicity Huffman vehicle "Transamerica."</p></div>
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												<div class="caption" style="display: none;"><p>By 2009, The Weinstein Company landed its first Best Picture contender with "The Reader" -- and also snagged Kate Winslet her first Oscar as Best Actress in a role that many thought was more of a supporting part.</p></div>
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												<div class="caption" style="display: none;"><p>Two years later, TWC scored its first Best Picture win for "The King's Speech" -- as well as three other awards, including Best Actor for Colin Firth.</p></div>
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												<div class="caption" style="display: none;"><p>The following year, Weinstein pulled off another coup: landing five Oscars, including Best Picture for the mostly silent, black-and-white ode to Old Hollywood, "The Artist."</p></div>
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												<div class="caption" style="display: none;"><p>In 2013, TWC again had two horses in the Best Picture race: Quentin Tarantino's "Django Unchained" and "Silver Linings Playbook" -- which landed Jennifer Lawrence the prize for Best Actress.</p></div>
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												<div class="caption" style="display: none;"><p>Last year, Weinstein successfully landed six nominations -- including Best Picture -- for Garth Davis' tear-jerker "Lion." But just as Open Road won the top prize in 2016 for "Spotlight," another upstart, A24, used a lot of Harvey touches to score the indie "Moonlight" a Best Picture win.</p></div>
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							<p>The disgraced mogul challenged the major studios and changed the game at the Academy</p>
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						<div class="description"><p>Indie mogul Harvey Weinstein, who was fired Sunday from his position of co-CEO of The Weinstein Company, revolutionized the Oscar race both at TWC and his previous company, Miramax.</p></div>
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