The company said on Friday that Weinstein, 65, was taking an indefinite leave of absence after the New York Times reported that he had made eight settlements with women who had accused him of unwanted physical contact and sexual harassment over three decades. He's been given the boot by the company he co-founded after claims of sexual assault. The New York Times said it was "confident in the accuracy of our reporting".
Under Weinstein's leadership, the Weinstein Co. has been a dominant force at the Oscars. Numerous members of its all-male board have since stepped down. And his adviser, attorney Lisa Bloom, resigned.
Since the Times article, more accounts of predatory behaviour have followed. Congressional Democrats, including Senate Minority Leader Chuck Schumer and Massachusetts Sen.
LIMBONG: And even though Harvey Weinstein was sacked, it's likely that more damaging information will surface in the coming days and weeks. But on Sunday night, it emerged he had been sacked and it is understood the board will continue to investigate the claims against Harvey.
Weinstein is the latest US media or entertainment industry titan to face sexual harassment accusations.
The Avengers star wrote: "To be clear what Harvey Weinstein did was a disgusting abuse of power and awful".
"Harvey supported the work fiercely, was exasperating but respectful with me in our working relationship, and with many others with whom he worked professionally", Streep said.
"The intrepid women who raised their voices to expose this abuse are our heroes".
Actresses Ashley Judd and Rose McGowan have said Weinstein sexually harassed them and movie director Judd Apatow and producer Megan Ellison are among those have spoken out in support of them.
It's unclear which movie titles will take out Weinstein's name, but seeing the influence his name had on the movies he backed, which often led to Oscar nominations and wins, it's a good guess all Weinstein Company movies will take out his name.
They continued to work for the firm until 2005 when they quit to set up The Weinstein Company, which spawned hits including The King's Speech, Django Unchained and Silver Linings Playbook.
The brothers sold their company to Disney in 1993 but remained its leaders. "We're going to do this differently I'm willing to acknowledge I've made mistakes". They most recently teamed up for 2016's Tulip Fever. The company has tried to sell off its TV division, but has a hand in a number of projects in development, including Matthew Weiner's upcoming Amazon series "The Romanoffs", David O. Russell's Amazon series with Robert De Niro and the upcoming miniseries "Waco", with Taylor Kitsch as David Koresh.