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Weinstein Company Declines Outfest’s Corporate Trailblazer Award

”We do not want to overshadow the extraordinary achievements of the other honorees,“ says embattled company

The Weinstein Company will no longer accept a top honor from LGBTQ film festival Outfest, amid the scandal of CEO Harvey Weinstein’s sexual misconduct allegations.

Known for LGBT themed films like Tom Ford’s “A Single Man” and Todd Haynes’ “Carol,” the mini-studio was slated to receive the Corporate Trailblazer Award at an Oct. 22 ceremony also honoring stars Laverne Cox and Rita Moreno.

TWC is declining the prize as to not “overshadow” the other honorees, they said in a statement to Outfest members.

“Because we wholeheartedly support Outfest and its mission to preserve LGBTQ cinema, we have decided to withdraw from The Legacy Awards at this time. We do not want to overshadow the extraordinary achievements of the other honorees,” a spokesperson for TWC said in an email obtained by TheWrap.

An Outfest spokesperson did not return TheWrap’s request for comment.

The bowing out comes after a series of swift blows to the company, founded by Harvey and his brother Bob Weinstein, after the publication of a New York Times report on Thursday that contains decades worth of harassment allegations.

Weinstein denies some of the charges set forth by the Times — charges that include unwanted invitations to watch him shower or exposing himself, as actress Ashley Judd said in the report — while he did acknowledge others scenarios where his behavior “caused pain.”

The Outfest award is one of several instances of collateral damange in wake of the story, including: a still-roiling board decision on whether or not to fire him; the loss of board member and billionaire investor Dirk Ziff; the returning of campaign donations Weinstein made to high profile democrats like Elizabeth Warren and Cory Booker; and calls for his termination from numerous womens groups.