Jay-Z Reportedly Interested in Buying Harvey Weinstein’s Stake in TWC

The hip-hop mogul reportedly wants his relationship with The Weinstein Company to continue and grow, reports TMZ

Jay-Z may be looking to make an investment in The Weinstein Company (TWC) in the midst of the controversy surrounding the company’s founder Harvey Weinstein, a powerful film producer accused of sexually harassing and assaulting scores of women throughout his three-decade career.

Jay-Z (Image: Wikimedia/Creative Commons)

 

The New York Times reported last week that the Academy Award-winning producer made sexual advances at multiple women in Hollywood, including high-profile actresses like Gwyneth Paltrow, Angelina Jolie, and Ashley Judd. Some women who rejected his non-consensual advances said that, in turn, he used his clout to sabotage their career. Three women also accused him of rape.

As a result, on October 8, Weinstein was ousted from TWC, a mini-major film studio that he co-founded and co-chaired with his brother Bob. TMZ reports that Jay-Z is interested in purchasing Weinstein’s 23-percent stake in the production company.

In 2016, Jay-Z signed a two-year deal with TWC that includes a first-look deal at film and TV projects. The hip-hop mogul worked with Weinstein to produce Time: The Kalief Browder Story, a six-part documentary that premiered earlier this year. The rap star also has several upcoming projects in the works with TWC, including an adaptation of Lin-Manuel Miranda’s In the Heights; a miniseries about Trayvon Martin; a program exploring American race relations hosted by Jay-Z; and a biopic about comedy legend Richard Pryor.

According to TMZ, Jay-Z would partner with other investors to purchase the stake and he “wants his relationship with the company to continue and grow.”

Fox Business, however, reports that rumors of Jay-Z purchasing Weinstein’s stake are false, according to their sources.

In response to the allegations of sexual assault, Weinstein released an apology, telling the New York Times: “the way I’ve behaved with colleagues in the past has caused a lot of pain, and I sincerely apologize for it.” He added that he will take a sabbatical and is working with therapists to “deal with this issue head on.”


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  • Richard Thweatt

    Just check into it . Look I know it sounds far fetched and I haven’t talked to the two Guys that Got locked up , but I know for sure the leader of the Outlaws , the meth distribution branch , which The Sears CEO is Involved . Sears stock holders beware to why the CEO is sticking so much money in Sears to rebuild or cover something , I still can’t understand why in the world poor people are having to suffer for this company’s lack of self control , My best friend in School Bryan Christopher Miller of Hampton GA His mother and father both are family friends with the CEO of Sears , For the CEO of Sears claims to have been Robbed , but I personally saw the CEO of Sears credit cards on the Leader of the Outlaws the same year the Sears CEO claimed He was robbed by black men that’s why this country is in shambles please continue to pray to God from the Holy Bible For my own safety thank you , Bryan Miller sells the Sears products to illegal that don’t like to get out of there homes to avoid conflicts with ! Yeah all thoughts y’all need to look into I see the CEO in Kansas looking to be geeked out of his own mind
    But earlier this year I found that The Sears CEO was Robbed and found that two Black men went to prison for this , in which I seen Andy Chitwood and Daryl Chitwood with the credit card that belonged to the Now CEO of Sears , now they flashed them to me talking that they had persuaded? Or Eddie had Joined in on there Meth distribution which Andy Chitwood is the leader of the Outlaws
    Be careful investing any property Sears use to own , for meth lab , chemicals .

  • Richard Thweatt

    Becareful for like to Crack houses

  • Richard Thweatt

    They basically need to burn them down , but it could look in a money laundering schemes good to get the monies to the new people , for becareful