Producers Guild Votes To Terminate Harvey Weinstein's Membership

HOLLYWOOD (CBSLA) — The board of the Producers Guild of America voted unanimously Monday to begin the process of expelling Harvey Weinstein from its ranks.

Weinstein, who faces a slew of sexual harassment and assaults allegations, will be given a chance to respond before a final vote is held on Nov. 6, according to the guild.

A statement from the PGA announcing the creation of a "Anti-Sexual Harassment Task Force" read in part: "Sexual harassment of any type is completely unacceptable. This is a systemic and pervasive problem requiring immediate industry-wide action."

On Saturday, the Academy of Motion Picture Arts and Sciences banished Weinstein from the guild.

The vote comes after The Weinstein Co. announced it's in talks regarding a sale to a private equity firm.

With a preliminary agreement for Colony Capital to give it an immediate cash infusion already in place, negotiations are underway to sell part or all of TWC to the firm.

"We believe that Colony's investment and sponsorship will help stabilize the company's current operations, as well as provide comfort to our critical distribution, production and talent partners around the world," Weinstein Co. board member Tarak Ben Ammar said today in remarks reported by the Los Angeles Times. "Colony's successful experience and track record in media and entertainment will be invaluable to the company."

Bob Weinstein, Harvey's brother and TWC's lone remaining chairman, denied reports last week the company was up for sale.

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Investment giant Goldman Sachs has already distanced itself from TWC, saying Friday it would explore options on the future of its roughly $1 million stake in the company, according to the Los Angeles Times.

The bank helped finance the creation of the studio in 2005 by raising close to $1 billion.

(© Copyright 2017 CBS Broadcasting Inc. All Rights Reserved. City News Service contributed to this report.)