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Harvard Rescinds Harvey Weinstein's Du Bois Medal

2 hours ago

Harvard University is rescinding a 2014 medal it awarded to Harvey Weinstein for his contributions to African American culture.

The school's Hutchins Center for African and African American Research decided to revoke the W.E.B. Du Bois Medal on Tuesday in light of allegations of sexual abuse against the movie mogul.

Weinstein was given the award in 2014 along with seven others, including Oprah Winfrey and Maya Angelou. It's considered Harvard's highest honor in the field of African and African American Studies.

The center's leaders said they stand with "the women who have courageously come forward" to fight for »

- the Associated Press

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China's Perfect World Secures $250M for Universal Pictures Slate Financing

4 hours ago

China's Perfect World Pictures has closed a $250 million credit facility with East West Bank and JPMorgan to capitalize the second phase of its ongoing five-year slate finance agreement at Universal Pictures.

In a deal unveiled in January 2016, Perfect World agreed to co-finance 50 films across the Universal slate over a half-decade. Sources told The Hollywood Reporter at the time that Perfect World would be getting a 25 percent share of most, but not all, of the films released by Universal until approximately the end of 2020. The names of the titles that were carved out of the agreement were »

- Patrick Brzeski

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