NEW YORK: The Weinstein Co. filed for bankruptcy protection on Monday with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual misconduct scandal that brought down co-founder Harvey Weinstein, shook Hollywood and triggered a movement that spread out to convulse other industries.
The company also announced that it was releasing any victims of or witnesses to Weinstein’s alleged misconduct from non-disclosure agreements preventing them from speaking out. That step had long been sought by New York Attorney General Eric Schneiderman, who filed lawsuit against the company last month on behalf of its employees.
“Since October, it has been reported that Harvey Weinstein used non-disclosure agreements as a secret weapon to silence his accusers. Effective immediately, those ‘agreements’ end,” the company said in a statement. “No one should be afraid to speak out or coerced to stay quiet.”
In a statement, Schneiderman praised the decision as “a watershed moment for efforts to address the corrosive effects of sexual misconduct in the workplace.”
The movie and TV studio becomes the first high-profile company to be forced into bankruptcy in the nationwide outcry over workplace sexual misconduct. Dozens of prominent men in entertainment, media, finance, politics and other realms have seen their careers derailed, but no other company has seen its very survival as tightly intertwined with the fate of one man as the Weinstein Co.
Some 80 women, including prominent actresses, have accused Harvey Weinstein of misconduct ranging from rape to harassment. Weinstein, who was fired as his company’s CEO in October, has denied any allegations of non-consensual sex.
The Weinstein Co. said it has entered into a “stalking horse” agreement with an affiliate of Dallas-based Lantern Capital Partners, meaning the equity firm has agreed to buy the company, subject to approval by the US Bankruptcy Court in Delaware.
Lantern had been among a group of investors that had been in talks for months to buy the company outside of bankruptcy. That deal was complicated when Schneiderman filed his lawsuit, citing concerns that the sale would benefit executives accused of enabling Weinstein’s alleged misconduct and provide insufficient guarantees of compensation for his accusers. Talks to revive the sale finally fell apart two weeks ago when the group of buyers said they had discovered undisclosed liabilities.
The Weinstein Co. said it chose Lantern as a potential buyer because the firm was committed to keeping on the studio’s employees as a going concern.
“While we had hoped to reach a sale out of court, the Board is pleased to have a plan for maximizing the value of its assets, preserving as many jobs as possible and pursuing justice for any victims,” said Bob Weinstein, who co-founded the company with his brother Harvey in 2005 and remains chairman of the board of directors.
Lantern co-founders Andy Mitchell and Milos Brajovic said they were committed to “following through on our promise to reposition the business as a pre-eminent content provider, while cultivating a positive presence in the industry.”
Under bankruptcy protection, civil lawsuits filed by Weinstein’s accusers will be halted and no new legal claims can be brought against the company. Secured creditors would get priority for payment over the women suing the company.
Schneiderman’s lawsuit will not be halted by the bankruptcy filing because it was filed by a law enforcement agency. Schneiderman said his investigation would continue and that his office would engage with the Weinstein Co. and Lantern to ensure “that victims are compensated, employees are protected moving forward, and perpetrators and enablers of abuse are not unjustly enriched.”
Other bidders also could emerge during the bankruptcy process, particularly those interested in the company’s lucrative 277-film library, which includes award-winning films from big-name directors like Quentin Tarantino and horror releases from its Dimension label. Free of liabilities, the company’s assets could increase in value in a bankruptcy.
In more fallout over the scandal, New York’s governor directed the state attorney general to review a decision by the Manhattan district attorney’s office not to prosecute a 2015 case involving an Italian model who said Weinstein groped her.
The bankruptcy process will bring the company’s finances into public view, including the extent of its debt. The buyers who pulled out of the sale earlier this month said they discovered up to $64 million in undisclosed liabilities, including $27 million in residuals and profit participation. Those liabilities came on top of $225 million in debt, which the buyers had said they would be prepared to take on as part of a $500 million acquisition deal.
The Weinstein Co. already had been struggling financially before the scandal erupted in October with a news stories in The New York Times and The New Yorker. Harvey and Bob Weinstein started the company after leaving Miramax, the company they founded in 1979 and which became a powerhouse in ‘90s indie film with hits like “Pulp Fiction.” After finding success with Oscar winners “The Artist” and “The King’s Speech,” the Weinstein Co.’s output and relevance diminished in recent years. The company let go 50 employees in 2016 and continuously shuffled release dates while short of cash.
Last year, the studio sold distribution rights for the movie “Paddington 2” to Warner Bros. for more than $30 million.
Scandal-hit Weinstein Co. files for bankruptcy protection
Scandal-hit Weinstein Co. files for bankruptcy protection
French barber still trimming at 90
- “I love this job, it’s in my bones,” he said
- Even with arthritis, he is on his feet from Tuesday to Saturday, tending to his customers’ hair and beards in his shop in the small southern town of Saint-Girons
SAINT-GIRONS, France: French barber Roger Amilhastre, 90, could have hung up his clippers decades ago but he said his passion for hair gives him a reason to get up in the morning.
“I love this job, it’s in my bones,” he said, leaning on one of his cast-iron barber’s chairs from the 1940s.
“And despite my age, my hands still don’t shake.”
Even with arthritis, he is on his feet from Tuesday to Saturday, tending to his customers’ hair and beards in his shop in the small southern town of Saint-Girons in the foothills of the Pyrenees.
“I would have liked to retire at 60, but my wife was sick and I needed to pay for the care home,” he said, which cost more than 2,000 euros ($2,150) a month.
Even after his wife died in January, he kept going to work to stave off the sad thoughts.
“I’m not grumpy getting up” to go to work, he said.
France’s national hairdressers’ union believes Amilhastre may be France’s oldest active barber.
“We have a few who continue late in life, but 90 years old is exceptional,” union president Christophe Dore told AFP.
“I’m not sure if he is France’s oldest barber, but if not, he can’t be far off,” he added.
According to the national statistics institute INSEE, a little more than half a million people over 65 still work in France.
In the southern region of Occitanie, where Amilhastre lives, only 1.65 percent of people older than 70 years old still work, including 190 79-year-olds. But statistics do not go beyond that age.
Many of Amilhastre’s customers call him Achille, after his father who founded the barber’s shop in 1932, giving it his name and then teaching his son the profession.
The shop witnessed the German occupation of France during World War II.
“During the war, German police came to find my father to groom a captain who had broken his leg,” Amilhastre said.
German troops had taken over a large stately home in town called Beauregard.
“We were scared because they used to say that anyone who went up to Beauregard never came back,” he said.
“Luckily he did.”
The 90-year-old said he remembered a “tough period” for businesses when he first picked up the scissors in 1947 a few years after the war ended.
But then the town rebounded, he said, with its men following a flurry of new hair trends from greased back quiffs in the 1950s to 1970s bowl cuts.
The barber’s shop survived an economic downturn as local paper mills closed in the 1980s sparking mass layoffs, and supermarkets pushed small shops out of business.
“People started looking for work further afield, so we had to adapt and stay open later in the evening,” Amilhastre said.
That same decade, the AIDS epidemic sent customers into a worried frenzy.
“People were scared. They no longer asked to be shaved and when we did, we were petrified there’d be a cut, that someone would bleed and the virus would be passed on to the next customer,” he said.
Jean-Louis Surre, 67, runs the nearby cafe where Amilhastre once taught him to play billiards as a young boy.
Behind his bar, Surre said he still remembered his mother taking him across the road to see Amilhastre for a haircut every month as a child.
“He’d pump up the chair to reach the mirror, use his clippers and then at the end perfume you with some cologne — you know, squeezing those little pumps,” he said.
He is one of several old-timers to regularly drop by Achille’s — even just to read the newspaper or have a chat.
Inside the barber’s, Jean Laffitte, a balding 84-year-old, said he no longer really needed a haircut.
“With what little is left up there, these days I come out of friendship,” he said.
China’s Shenzhou-18 mission docks with space station
- The astronauts took off from the Jiuquan Satellite Launch Center in China’s northwest at 8:59 p.m. local time Thursday
- The astronauts will stay at the Tiangong space station for six months, carrying out experiments
JIUQUAN, China: A spaceship carrying three astronauts from China’s Shenzhou-18 mission safely docked at Tiangong space station Friday, state-run media reported, the latest step in Beijing’s space program that aims to send astronauts to the Moon by 2030.
The crew took off in a capsule atop a Long March-2F rocket from the Jiuquan Satellite Launch Center in China’s northwest at 8:59 p.m. local time 1259 GMT) Thursday.
By early Friday the spacecraft had “successfully docked” with the space station, state-run news agency Xinhua reported, citing the China Manned Space Agency.
The mission is led by Ye Guangfu, a fighter pilot and astronaut who was previously part of the Shenzhou-13 crew in 2021.
He is joined by astronauts Li Cong and Li Guangsu, who are heading into space for the first time.
Onlookers cheered as the rocket blasted off into the night sky, an AFP journalist at the scene said.
Xinhua said the launch had been declared a “complete success.”
The astronauts will stay at the Tiangong space station for six months.
There they plan to carry out experiments “in the fields of basic physics in microgravity, space material science, space life science, space medicine and space technology,” the China Manned Space Agency has said.
They will also try and create an aquarium onboard and seek to raise fish in zero gravity, according to Xinhua.
“Not only will the taikonauts find joy in the space ‘aquarium,’ but it may also pave the way for their future counterparts to enjoy nutritious fish from their own in-orbit harvests,” it added.
They will also conduct experiments on “fruit flies and mice,” a researcher quoted by the agency said.
The new crew will replace the Shenzhou-17 team, who were sent to the station in October.
Plans for China’s “space dream” have been put into overdrive under President Xi Jinping.
The world’s second-largest economy has pumped billions of dollars into its military-run space program in an effort to catch up with the United States and Russia.
Beijing also aims to send a crewed mission to the Moon by 2030, and plans to build a base on the lunar surface.
China has been effectively excluded from the International Space Station since 2011, when the United States banned NASA from engaging with the country — pushing Beijing to develop its own orbital outpost.
That station is the Tiangong, which means “heavenly palace” — the crown jewel of a space program that has landed robotic rovers on Mars and the Moon, and made China the third country to independently put humans in orbit.
It is constantly crewed by rotating teams of three astronauts, with construction completed in 2022.
The Tiangong is expected to remain in low Earth orbit at between 400 and 450 kilometers (250 and 280 miles) above the planet for at least 10 years.
Algeria’s first KFC restaurant reopens without logo following Gaza protests
- Protesters gathered outside outlet last week in solidarity with Palestinians
- KFC parent company Yum! Brands has faced backlash for its ties with Israel
LONDON: Algeria’s first Kentucky Fried Chicken outlet has resumed operations after a temporary closure prompted by a series of pro-Palestinian demonstrations last week.
However, the restaurant, situated in the Algiers suburb of Dely Ibrahim, reopened its doors without the familiar Col. Sanders logo on its exterior.
It remains unclear if the outlet has had a change of ownership or remains under the umbrella of Yum! Brands, the parent company of KFC.
Demonstrators gathered outside the eatery on April 16, calling for a boycott and expressing solidarity with Palestinians amid the Gaza conflict.
Protesters draped in Palestinian flags voiced support for “Palestinian martyrs” while obstructing access to the storefront.
The restaurant has faced a backlash due to its perceived ties to Israel, with Yum! Brands having made investments in Israeli startups, including TicTuk, a company that allows customers to order food on social networks and message apps, and Dragontail, a system software company specializing in food processing.
In response, the Boycott, Divestment, Sanctions movement designated KFC’s sister company, Pizza Hut, as an “organic boycott target,” due to the “brands’ complicity in Israel’s genocide and apartheid against Palestinians.”
بعد أيام من افتتاح فرعها الأول، KFC الجزائر تزيل شعار علامتها وتُغلق أبوابها!
— أحمد داود (@AhmadDaoud14) April 17, 2024
منذ افتتاحها تعالت أصوات مقاطعتها، ووقفات احتجاجية أمامها، واستنكارٌ لمنح الترخيص لوكيلها! #الجزائر
pic.twitter.com/rIaOG80xTi
While the temporary closure of the KFC outlet was hailed as a success by demonstrators, its reopening sparked disappointment among some Algerians.
The incident underscores challenges and employment ramifications stemming from boycotts related to the Gaza conflict.
Since the start of the war, regional franchises of McDonald’s, one of the key boycotted brands, have distanced themselves from the parent company, arguing that they are 100 percent local.
The opening of a KFC branch in Algeria was noteworthy given the nation’s historical aversion to Western food chains, as well as its stringent foreign investment regulations, which typically prohibit the establishment of foreign food or beverage franchises.
Previous efforts to establish outlets without official approval, such as the brief appearance of a counterfeit “Starbucks,” have been met with swift action and closure.
Doner diplomacy: German president’s kebab trip to Turkiye sparks controversy
- German-Turkish say 60-kg kebab skewer brought from Germany in diplomatic mission reduces community’s contributions to stereotypical image
LONDON: German President Frank-Walter Steinmeier’s visit to Turkiye this week has stirred controversy after he brought along a 60-kg kebab skewer as part of his diplomatic mission.
Starting his three-day tour in Istanbul instead of Ankara, Steinmeier served kebabs at a reception, viewing it as a symbol of cultural exchange between the two nations.
“It is these special and intense relationships that bridge distances, and also some differences, today,” he said.
However, rather than emphasizing the close personal ties between Germans and Turks, the gesture drew criticism from many in the diaspora who viewed it as reducing their community’s contributions to a stereotypical image.
Germany, home to 2.7 million people of Turkish descent, welcomed hundreds of thousands of workers in the 1960s as part of its “guest worker” program, a bilateral agreement with Ankara to address labor shortages.
Turkish-Germans took to social media to condemn what they saw as a clumsy attempt to represent their community, accusing Steinmeier of failing to take them seriously or treat them as equals.
“Turkish-Germans discovered the 1st COVID vaccine in the world; some were movie directors who won awards on behalf of Germany, numerous writers, musicians, intellectuals from Turkey call Germany home,” wrote Evren Celik Wiltse, a professor of political science, on X.
“Of all of these, the (German) president chose the kebab maker to accompany him to (Turkiye)”, she added.
Turkish-Germans discovered the 1st COVID vaccine in the world; some were movie directors who won awards on behalf of Germany, numerous writers, musicians, intellectuals from Turkey call Germany home.
— Evren Celik Wiltse (@EvrenWiltse) April 22, 2024
Of all these, the president chose the kebab maker to accompany him to https://t.co/ZVMHyi48P0
Berkay Mandıracı, a senior analyst of Turkish-German heritage at the non-governmental organization Crisis Group, acknowledged that the gesture was well-intentioned but felt it was “anachronistic and reductionist.”
A well-intended gesture, I'm sure, but somehow not belonging to this age. As someone born and raised (until I was 12) in Germany, this feels anachronistic and reductionist.
— Berkay Mandıracı (@BerkayMANDIRACI) April 23, 2024
But let's not read too much into it and hope the rest of the visit will deepen Turkish-German ties https://t.co/ZjUvCLH7ES
The faux pas, which risked overshadowing the celebration of 100 years of diplomatic ties between the two nations, received the approval of Arif Keles, a third-generation kebab shop owner invited on the delegation trip by Steinmeier.
Keles, who served kebabs during the reception, described the opportunity as a “great honor.”
The dish of thinly sliced meat cooked on a vertical rotisserie was introduced to Germany by Turkish migrants.
Packed with chopped vegetables and doused with mayonnaise, the doner kebab has gained iconic status.
Local sales of the kebab total an estimated €7 billion ($7.5 billion), an immigrant success story the German presidency wanted to celebrate as an example of “how much Turkiye and Germany have grown together.”
Relations between Berlin and Ankara have been strained by various disputes, including disagreements over the Gaza conflict.
Steinmeier, visiting Turkiye for the first time since assuming office in 2017, has had a challenging relationship with Turkish President Recep Tayyip Erdogan, criticizing him for his approach to concerns about democratic norms in Turkiye.
Turkish-Germans have long spoken up about economic and social exclusion. Last year, Germany agreed to significantly ease citizenship rules to allow more dual nationals, a move welcomed by many Turkish individuals who have lived in Germany for decades.
With AFP
Controversy erupts as British MP Lee Anderson misses St. George’s Middle Eastern heritage
- The politician fails to acknowledge the patron saint of England’s connection to the Middle East in a video posted to celebrate St. George’s Day
LONDON: Reform UK MP Lee Anderson faced mockery after failing to acknowledge St. George’s historical ties to the Middle East in a recent social media post.
The former politician, who joined the far-right party after being suspended by the Conservatives for racist remarks about Mayor of London Sadiq Khan, shared a video on Tuesday commemorating St. George’s Day.
In it, Anderson proudly displayed red and white cufflinks matching the English flag. Also known as the St. George’s Cross, the symbol is historically associated with the Christian crusades.
“It’s St. George’s Day today and this country of ours has been a gift to the world,” Anderson said in the video.
In the accompanying caption, he wrote: “Trigger Warning. If you are a Guardian reading, advacado eating, Palestinian flag waving, Eddie Izzard supporting Vegan then this clip is probably not for your consumption.”
Anderson’s comments sparked amusement among users on X, where critics seized on his misspelling of “avocado” and highlighted the connection between Palestine and St. George, who is revered not only in England but also in parts of Africa, the Middle East, the Caucasus, and South America.
Comedian Shaparak Khorsandi quipped: “Who is going to tell him about St George’s connection to Palestine? (His mother was Palestinian, they too have a St. George’s day/feast. Though, to be fair, it is not known if he was related to Eddie Izzard),” referring to the actor/comedian.
Another user responded by sharing an image detailing facts about St. George, suggesting that if he were alive today, he would be considered an “immigrant” by Anderson’s standards, a group the Reform UK MP has repeatedly advocated should be deported.
Happy St George’s day. pic.twitter.com/Zq9cKGksOK
— GonePrivateIsh - still the same drivel (@Lairdysnr) April 23, 2024
Observed annually on the anniversary of St. George’s death with parades and marches, St. George’s Day was previously a national holiday and was once celebrated in England as widely as Christmas.
Born around AD 280 in what is now known as Cappadocia, Turkiye, St. George served as a soldier in the Roman army and fought in the crusade against Muslims. Beheaded in modern-day Palestine for refusing to renounce his Christian faith, St. George is revered by Christians, Druze and some Muslims as a martyr of monotheistic faith.
Renowned for his strength, courage and loyalty, St. George became a cherished figure in Europe and has been a symbol of English culture since the 14th century, despite never setting foot in the country.
