For those that don't know, filing for bankruptcy doesn't mean you're going out of business (insolvency.) Declaring bankruptcy (notably Chapter 11) just means you want a court to help restructure payment to creditors rather than adhering to whatever agreements/contracts you had before. It's a way to save the business.
Also, this has been a long time coming for the Weinstein Company, even before the rape controversy. Netflix, Amazon, and other VOD platforms have annihilated their business model.
"The Weinstein Company exploits loopholes in bankruptcy law to protect all of its assets when it is nowhere near actual destitution."
“I’m afraid we’re out of money, but could I interest you gentlemen in a massage?”
The Weinstein Company put out some tremendous movies. It’s a shame for everyone else that worked with the company.
The executives there are going to make off like bandits from this
Makes me wanna say oh how the mighty have fallen but I feel in reality this is just a loophole like the many holes in this bastards life