The news comes a day after Disney chairman and CEO Bob Iger spoke out against Weinstein, saying, "Harvey Weinstein's reported behaviour is abhorrent and unacceptable, and it has no place in our society."
"We have terminated his services as producer," a spokesperson for Disney said.
According to The Hollywood Reporter, Weinstein picked up the rights to the Eoin Colfer series during the height of Hollywood's Harry Potter craze in the early 2000s, when many studios were looking to find the next YA fantasy to bring to the big screen.
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