But the movie mogul's fall came quickly after The New York Times reported last week that Weinstein, a man known in Hollywood for his demanding control of film productions and angry outbursts, had made unwanted sexual advances on women stretching over almost three decades.
Hollywood producer Harvey Weinstein was sacked from the film company he co-founded after a New York Times investigation detailed numerous incidents of alleged sexual harassment by the media mogul, the media reported. The actress took to Twitter after Harvey was sacked from the Weinstein Company, sending messages of appreciation to her celebrity friends, including Mark Ruffalo and Susan Sarandon.
Embattled Hollywood mogul Harvey Weinstein was sacked Sunday, said the board of the studio he co-founded.
Several members of the Weinstein Company's all-male board resigned following the allegations last week, as did his high-profile attorney Lisa Bloom - who withdrew from representing Weinstein this weekend, alongside another adviser, Lanny Davis. Before founding TWC, Bob and Harvey Weinstein were the co-founders of Miramax and helped usher in a major era for independent film.
Harvey, who was co-chairman of the studio, had previously announced he was taking a leave of absence after claims were made by women who he had worked with.
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One of the biggest names in Hollywood, Weinstein won the Best Picture Oscar for 1999's Shakespeare In Love and also picked up a nomination for 2003's Gangs of NY.
Harvey was sacked from his own company on Sunday following the allegations.
The 44-year-old has taken to Twitter again to motivate others to come forward by sharing an image of herself in her 20s from the time she alleges she was victimised by Harvey Weinstein.
A company insider told TheWrap that the decision to change the name has not yet been formally made, but there were already discussions among the board members and will likely to happen. Actress Ashley Judd said Weinstein once summoned her to his hotel room, where he then asked for sexual favors.
Weinstein's firing came just days after he admitted to behaving inappropriately with some of his female colleagues in the past and apologised for causing them "pain".