Harvey Weinstein has been forced out of the independent film company he co-founded, felled by a sexual harassment scandal that has hobbled his status as a media mogul and left his future in Hollywood in jeopardy.
The Weinstein Company's board of directors has voted to remove Weinstein from the studio, leaving control of the company in the hands of Weinstein's brother, Bob Weinstein, and chief operating officer David Glasser, it was announced in a statement from the company on Sunday.
"In light of new information about misconduct by Harvey Weinstein that has emerged in the past few days, the directors of The Weinstein Company - Robert Weinstein, Lance Maerov, Richard Koenigsberg and Tarak Ben Ammar - have determined, and have informed Harvey Weinstein, that his employment with The Weinstein Company is terminated, effective immediately."
Weinstein has been rocked by a devastating New York Times report documenting decades of legal settlements stemming from sexual harassment allegations levelled by former employees and associates, as well as accusations of improper sexual advances from actress Ashley Judd.
The allegations extend back to Weinstein's days running Miramax, an independent film studio that was then owned by the Walt Disney Co.
His attorney Lisa Bloom resigned on Saturday, as did his advisor Lanny Davis, a former White House hand to Bill Clinton.
One third of the all-male board quit on Friday, including billionaire investors Marc Lasry and Dirk Ziff, and Technicolor executive Tim Sarnoff.
Weinstein was said to be furiously resisting efforts to force him out permanently.