film industry by August Prum October 12, 2017
As the fallout surrounding the predatory Harvey Weinstein continues, TMZ reports that Jay-Z wants to buy his stake in The Weinstein Company.
After the New York Times published a damning and revelatory investigation of Weinstein’s abuse and harassment of young actresses and women in the film industry over multiple decades, Weinstein was fired from the company he helped found.
Now, people in the entertainment industry are jockeying for position to fill the massive void left by Weinstein.
Jay-Z, who has worked with The Weinstein Company, is among those interested in buying stake in the film company. According to TMZ,
“Multiple sources connected to Jay tell us … Jay, along with several other investors including a famous movie producer and a billionaire, are talking about purchasing Weinstein’s 23% interest in the company.”
The established relationship between Jay and TWC included The Kalief Browder Story, a documentary chronicling the life and death of a young Black man that was driven to suicide while being held at Rikers Island without trial.
Jay and TWC also reportedly had a Trayvon Martin miniseries in the works and Hov has a first look film deal with The Weinstein Company.
According to TMZ, Jay wants this partnership to expand,
“Our sources say Jay wants his relationship with the company to continue and grow, and since Harvey is out he’s looking at acquiring a substantial equity stake in the company.”
Weirdly enough, as Spin highlighted, Harvey Weinstein actually quoted Jay-Z in his statement to the Times. The only problem is that the quotation Weinstein attributed to Jay is… completely made up.
Weinstein wrote (in an otherwise unhinged and incriminating statement) that,
“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.”
Jay-Z didn’t write that in 4:44, the album or the song. Don’t bring Jay into this! Comparing Jay-Z’s alleged affair(s) to sexually assaulting women is ridiculous. Fuck outta here, Harvey.
Regardless, Jay buying Weinstein’s stake sounds like a pretty dope idea. Harvey Weinstein is trash, Jay-Z is a visionary, seems like a win-win for everyone.
Also, there’s a noticeable dearth of Black Americans in positions of power in Hollywood, who better than to help change this than Sean Carter?
We’re eagerly awaiting Jay-Z taking over the film industry.