The fallout from Harvey Weinstein’s sexual harassment scandal is hitting Weinstein Co., itself.
Weinstein Co., which was behind award-winning movies like “The King’s Speech” and “The Artist,” originally got off the ground in 2005 with the help of Goldman, which raised $1 billion in debt and equity financing for the launch.
Later Goldman would help restructure Weinstein Co.’s debt, striking a deal to acquire Weinstein’s 200-film library in 2010. The bank later sold its stake in the library to AMC Networks for an undisclosed amount. But Goldman continues to hold a stake valued at less than $1 million in Weinstein Co., a private company, the FT reported, citing a company spokesman.
Goldman did not immediately return a call for comment on the report.