Prosecutors paint Harvey Weinstein as a sexual predator who used his clout and power to abuse women for decades.
Insurers for the former Weinstein Co studio would fund the payout and Weinstein would not be required to admit wrongdoing or to pay anything, the New York Times said.
New York Attorney General Eric Schneiderman says he wants to ensure a sizable victim's compensation fund for women victimised by film mogul Harvey Weinstein. Schneiderman's civil lawsuit against the Weinstein Company has delayed the company's sale.
Sexual harassment allegations continue in Hollywood. Amazon Studies suspended its chief, Roy Price, after a producer accused him of sexual assault.
The Weinstein Co has fired co-Chairman Harvey Weinstein following reports that the executive, who was one of Hollywood's biggest power brokers, has been sexually harassing women over three decades.
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