So much so, that uh, there is in fact a literal clause in a 2015 employment contract that states “payments cure any accusations or trouble caused by acting improperly” per the contract. TMZ managed to get their hands on the contract between the Weinstein Company and Harvey himself, some of which, sees the company agreeing to take hush payments beginning at $250,000 “for the first offense” and up to $1,000,000 thereafter.
This is the first time it has become public knowledge that the board over at The Weinstein Company knowingly took “hush payments” to stay quiet about Weinstein’s sexual assaults and harassment cases over the year(s).
Reports now say that bankruptcy may not be far off for the Weinstein Company as projects; advertisers, and the like are all jumping ship and fast. Sources close to the Weinstein Company say that “They’ve had several talks about their uncertain future nobody is quite sure what the future may hold”. The news and revelation of an employment contract and its unusual clause (which also extends to the fact that as long as Weinstein pays his board his actions will go unnoticed) comes amid two police investigations in multiple countries.
The news also follows the decision of Project Runway and its host Heidi Klum to allow Harvey Weinstein to be stripped of his exec producer credits on the popular fashion-like reality show. Cannes officials, ehum, have also now spoken out.
These actions point to a pattern of behavior that merits only the clearest and most unequivocal condemnation,” said festival president Pierre Lescure and general delegate Thierry Fremaux.
Oliver Stone, who at first tried to say he wouldn’t immediately condemn Weinstein, now says that as long as Weinstein or his former company are involved “my upcoming Guantanamo TV series will not be filmed”.