Weinstein Co. in negotiations for sale amid Harvey Weinstein sexual assault scandal

LOS ANGELES (KABC) -- Hours after news that The Weinstein Company was in negotiations with Colony Capital for a potential sale, The Producers Guild of America voted unanimously to institute termination proceedings for Harvey Weinstein.

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The PGA's National Board of Directors and Officers said Monday that Weinstein has an opportunity to respond before a final decision is made on Nov. 6.

The organization has also instituted an anti-sexual harassment task force to research and propose solutions to what it calls a "systematic and pervasive problem requiring immediate industry-wide action."

The 65-year-old Oscar winner had his membership in the Academy of Motion Picture Arts and Sciences revoked on Saturday.

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Police in London are now investigating five sexual assault claims by three women, with one case dating back to the 1980s.

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At least 35 women have now come forward, accusing Weinstein of either sexual assault or harassment.

In addition to Weinstein's expulsion from the Motion Picture Academy over the weekend, France is now taking steps to revoke his Legion of Honor award.