Amazon Studio boss Roy Price resigns following allegations of sexual harassment

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Isa Hackett Roy Price

Getty Images Isa Hackett Roy Price

A week after being accused of sexual harassment, Amazon Studios president Roy Price has resigned. According to a memo Price wrote to employees, Amazon Studios had 67 television and 20 movie products in the works, with 9,000 people participating on them, Variety reported. Hackett reportedly stayed quiet about it because Price was her boss, but due to Harvey Weinstein being outed, she finally made a decision to come forward about the sexual harassment that was allegedly committed by Price.

While the tipping point for Price's outster was the release of salacious details about how he propositioned The Man In The High Castle executive producer Isa Hackett Dick during Comic-Con 2015 in San Diego, he already had been under heavy scrutiny.

Albert Cheng, who had been Amazon's chief operating officer, will be the interim chief.

Yesterday, Amanda Segel, an executive producer for the now-canceled Mist TV series, claimed that Harvey's brother Bob Weinstein made unwanted advances toward her when she worked at the Weinstein company a year ago.

"This is truly an opportunity to find a better way forward, and ultimately toward a balanced representation of women and minorities in leadership positions".

The move came almost two years after Hackett filed a complaint against Price in 2015, which was investigated and handled privately by Amazon, according to The Information.

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Following the sale, the insider now directly owns 136,385 shares of the company's stock, valued at approximately $6,287,348.50. To see more absolute value, taking notice on its price to next year's EPS that cloud be 10.20%, according to Thomson Reuter.

Ms McGowan, 44, wrote, "HW raped me" in a series of tweets to Amazon chief executive and founder Jeff Bezos.

"This is a necessary move because of the sexual harassment allegation, but I think it's a convenient excuse to replace him", said Michael Pachter, an analyst at Wedbush Securities.

A spokeswoman for Harvey Weinstein said: "Any allegations of non-consensual sex are unequivocally denied by Mr. Weinstein". He said it hadn't been proven.

As for Price, his tenure at Amazon dates back to 2004.

Although Amazon's Jill Soloway comedy Transparent, starring Jeffrey Tambor, became a critical favorite, and Man in the High Castle and Goliath are said to have been among the streamer's most-viewed originals, none has broken out the way Stranger Things, 13 Reasons Why and Orange Is the New Black have for rival Netflix.

Just before the Primetime Emmy Awards, where Amazon was left empty-handed while SVOD rivals Hulu and Netflix picked up trophies, Amazon Studios got new directives from Seattle to overhaul its programming strategy, pulling away from niche shows to focus on big broad (largely genre) hits of the size of HBO's Game Of Thrones.

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