Harvey Weinstein [VIDEO] has been fired from the film studio he co-founded with his brother Robert. The Weinstein Company (TWC) confirmed that they have terminated the employment of the controversial film producer in the wake of sexual assault allegations.

The mini-major film studio, in a statement, said the termination will be effective immediately after the board of representatives agreed to sack Harvey Weinstein from his position due to his ongoing controversy. His brother was among the directors who voted to unseat the co-founder.

TWC terminates Harvey amid allegations

Three other directors have also resigned from the film company after the news on Harvey Weinstein's alleged sexual harassment [VIDEO] made headlines.

TWC initially left its doors open just in case the film producer plans to return to the company from his leave of absence.

But after they saw the effects of the scandal, the company has formally decided to terminate the 65-year-old film studio executive to avoid causing more damage to the image of the firm. According to a CNN report, some clients also threatened to stop working with the company if Harvey Weinstein will continue working for them.

Lanny Davis and Lisa Bloom have also quit working for the film producer before the termination was announced.

Lisa Bloom, who is a renowned women's advocacy lawyer, was criticized for her initial decision to advise Harvey Weinstein on his alleged sexual assault case.

Film producer embroiled in sexual assault allegations

Harvey Weinstein's sexual assault allegations dated back two decades ago when he invited Ashley Judd to his hotel room for what was supposed to be a business meeting. According to the New York Times, the film producer was wearing bathrobe when the young actress arrived in his hotel room and was asked if she could give him a massage or if she could watch him take the shower.

A former employee, named Emily Nestor, also recalled her experience with the "Gangs of New York" producer who reportedly offered to boost her career in exchange for sexual favors. The publication further claimed it has found undisclosed allegations against the Tony awardee producer from nearly three decades ago.

Shortly after the allegations came out, Harvey Weinstein released a statement to apologize for his behavior in the past. He also revealed his plan to seek professional help to face the ongoing issue. “I appreciate the way I’ve behaved with colleagues in the past has caused a lot of pain, and I sincerely apologize for it," he said. "Though I’m trying to do better, I know I have a long way to go.”