JAY-Z is reportedly in talks to buy Harvey Weinstein’s stake in the film company he started The Weinstein Company.
Unless you have been living off the grid for the past week then you would have heard about Harvey Weinstein scandal where multiple women have claimed that he sexually assaulted them. JAY-Z, whose real name is Shawn Carter, already has a vested interest in the company after having signed a first-look film and television deal with The Weinstein Company earlier this year. Despite the scandal, Hov wants to continue his partnership with the company but as a shareholder.
Carter, along with billionaire, movie producer, and other investors, are teaming up to purchase Weinstein’s 23 percent stake in the hugely popular film company, TMZ reported. JAY-Z is currently working on a Trayvon Martin miniseries with the film company and they already produced “The Kalief Browder Story.” If the rapper has his way then more films will be coming in short order.
Harvey Weinstein left the company last week and reports suggested that he was forced out by other shareholders after the New York Times published a bombshell story about his years of sexually harassing women. Since the report, a number of women have come forward with stories of their running with him including Cara Delevingne, Gwyneth Paltrow, and Angelina Jolie.
The Weinstein Company is one of the most powerful companies in the film business which makes Harvey Weinstein one of the most powerful figures in Hollywood. After leaving the company, he issued an apology while quoting JAY-Z. “Jay Z wrote in 4:44 ‘I’m not the man I thought I was, and I better be that man for my children.’ The same is true for me,” he said. The problem with that quote is it can’t be found nowhere on JAY-Z’s “4:44” album. Perhaps its on a song that never got released.