The Academy of Motion Picture Arts and Sciences decided, in a special emergency meeting on Saturday, to expel Harvey Weinstein from the Governors rank.

In a statement released by AMPAS, the board decided they would separate themselves from someone who does not merit the respect of his colleagues and also send a message that the era of willful ignorance and shameful complicity in sexually predatory behavior and workplace harassment in the film industry is over.

The board has also stated that it will "work to establish ethical standards of conduct that all Academy members will be expected to exemplify."

AMPAS has declined to comment on the speculations that Weinstein's Oscar - "Shakespeare in Love," as a producer - would be, somehow, revoked.

Harvey Weinstein's case

On October 5, the New York Times brought the story about the sexual harassment suffered by dozens of women in the film industry in the past years, all made by the producer Harvey Weinstein, co-partner of the Weinstein Company.

Angelina Jolie, Gwyneth Paltrow, Ashley Judd, Heather Graham, Rose McGowan, Cara Delevingne, Asia Argento, Lea Seydoux, Kate Beckinsale, Mira Sorvino, Eva Green, and Rosanna Arquette are just a few of over the 30 women who talked about cases they have suffered involving Weinstein.

Weinstein's lawyer said that he will not comment any allegations; however, he denies the three rape accusations.

Weinstein Company

The future of the Weinstein Company is still on hold.

According to an anonymous source of the Wall Street Journal, the independent film studio could either change those in charge or shut it down, as the accusers are alleging decades of inappropriate behavior. So far, five members of the board resigned, leaving only three in the board.

Last weekend, after the allegations surfaced, the Weinstein Company board fired Harvey and started to consider various executive organizations plans, such as changing their name or even selling the company.

A few of the upcoming projects of the company had their future decided on Friday. The untitled series from David O. Russell to Amazon Prime Video will not move forward, while "The Romanoffs," an anthology created by Matt Weiner will be produced by the platform alone.

The movie "The Current War," led by Benedict Cumberbatch, will no longer premiere on the Thanksgiving schedule, with a new date yet be decided by the company.