Weinstein said that he was still interested in merging TWC with Miramax and combining the two companies' libraries in order to build a larger film library, even after the BeIN acquisition. On June 21, 2016, James L. Dolan exited TWC's board of directors and was replaced by hedge fund billionaire and Milwaukee Bucks co-owner Marc Lasry. Later, on August 1, Opus Bank's media and entertainment banking division funded a $400 million credit facility into TWC. On August 18, 2017, TWC launched Mizchief, a film label dedicated to producing animated films. When Harvey Weinstein, co-founder of TWC, was explaining the origin of the name of Mizchief, he said that it was based on how one of his kids pronounced the word, "Mischief". The only film to be released under the label was the French-Canadian computer-animated film Leap!, released on August 25, 2017. Sexual abuse allegations against Harvey Weinstein On October 5, 2017, The New York Times reported that dozens of women, including more than 60 women in the film industry, had accused Harvey Weinstein of sexual harassment, sexual assault or rape. On October 6, three of the company's nine members of the board of directors (including Lasry) resigned after the allegations were published. Harvey Weinstein also announced that he would take an indefinite leave of absence. On October 7, Paul Tudor Jones became the fourth member of the company's board of directors to resign. On October 8, TWC announced that Weinstein had been fired. Soon after, TWC executives announced that Harvey Weinstein will not receive credit on upcoming releases, and it may consider renaming the company. On October 12, board of directors member Richard Koenigsberg, who was one of the four signatories of a board of directors statement defending Weinstein, resigned from the company as well. Sale efforts and bankruptcy Bob Weinstein stated on October 13 that media reports that his brother's sexual misconduct scandal had forced the company to explore either a sale or shutting down operations were inaccurate. Bob released an emailed statement claiming "our banks, partners and shareholders are fully supportive of our company and it is untrue that the company or board is exploring a sale or shutdown of the company” and that “business is continuing as usual as the company moves ahead.” This was contradicted by TWC president and COO David Glasser and a spokesman for company investor Goldman Sachs. Glasser and the other two remaining