The Weinstein Company, co-founded by shamed producer Harvey Weinstein, has been sold to an investor group for a $500 million deal - including a $90 million victims' compensation fund.
The group, led by Maria Contreras-Sweet, announced that the board of directors would be largely composed of women.
She said the new owners would "launch a new company, with a new board and a new vision that embodies the principles that we have stood by since we began this process last fall".
Weinstein faces dozens of accusations of sexual abuse, including rape. He denies non-consensual sex.
At the beginning of the week, The Weinstein Company had said it would file for bankruptcy, but after an intervention by New York Attorney General Eric Schneiderman the deal went ahead yesterday.
In a letter Contreras-Sweet wrote to The Weinstein Company last November she outlined her plans for the female-dominated board and added: "Women will be significant investors in the new company and control its voting stock."
Around 150 staff from the existing business will be invited to move to the new firm.
Weinstein has also become the subject of an artwork by street artist Plastic Jesus ahead of the Academy Awards this weekend. He has created a golden statue of the mogul clutching an Oscar and sitting on a sofa in his dressing gown, entitled Casting Couch. It has been installed on the Hollywood Walk of Fame.
