Original story, 3/2: On Thursday a group of mostly female investors reached an agreement to buy The Weinstein Company for around $500 million. The movie studio, of course, has been in financial turmoil since the revelations of rampant sexual misconduct by one of its cofounders, Harvey Weinstein. According to Deadline, the group is led by Maria Contreras-Sweet, who worked in the Obama administration as the head of the U.S. Small Business Administration. She is expected to run the new board of directors, which will be composed of mostly women.

Contreras-Sweet said in a statement that they will "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." She went on to describe, in part, how this new company (with an as-yet-unknown new name) will be different from The Weinstein Company, which has been accused of covering up Harvey Weinstein's transgressions. "Those principles have never wavered and have always been to build a movie studio led by a board of directors made up of a majority of independent women, save about 150 jobs, protect the small businesses who are owed money and create a victims’ compensation fund that would supplement existing insurance coverage for those who have been harmed. The cornerstone of our plan has been to launch a new company that represents the best practices in corporate governance and transparency…. I have had a long-standing commitment to fostering women ownership in business. This potential deal is an important step to that end."

The victims' compensation fund is a key part of the deal—and not just because it's the right thing to do. New York attorney general Eric Schneiderman's civil lawsuit means that he could have stood in the way of a deal that he didn't feel addressed this issue. In a statement to Deadline, he said: "As I made clear from the start, our office will support a deal that ensures victims will be adequately compensated, employees will be protected moving forward, and those who were responsible for misconduct at TWC will not be unjustly rewarded. As part of these negotiations, we are pleased to have received express commitments from the parties that the new company will create a real, well-funded victims compensation fund, implement HR policies that will protect all employees, and will not unjustly reward bad actors. We will work with the parties in the weeks ahead to ensure that the parties honor and memorialize these commitments prior to closing. Our lawsuit remains active and investigation remains ongoing at this time."

Now we're ready to see what kind of movies this new company starts green-lighting.