"Our banks, partners and shareholders are fully supportive of our company and it is untrue that the company or board is exploring a sale or shutdown of the company," he said. "Polaroid is moving forward as planned with a release date of Nov. 22 followed by Paddington 2 on Jan. 12. The first Paddington grossed over $75 million and we expect even greater success for Paddington 2. Test screening scores are through the roof. War With Grandpa starring Robert De Niro is scheduled for Feb. 23, 2018. Business is continuing as usual as the company moves ahead."
The production company's foray into publishing, Weinstein Books, has been dropped by Hachette Book Group, however.
"Hachette Book Group has terminated the Weinstein Books imprint, effective immediately (Perseus Books has had a co-publishing agreement with The Weinstein Company, under which we published around ten new books a year)," reads a statement by the publisher. "Going forward, titles currently under the Weinstein Books imprint will be published by our Hachette Books imprint, and the Weinstein Books imprint team will join Hachette Books."
See more on the Weinstein scandal in the video below.
Reporting by Rande Iaboni and Amy Purnell.