We learned that Harvey Weinstein got fired from his big film production company, The Weinstein Company, after sexual assault allegations surfaced, stemming from years back, involving high-profile celebs such as Angelina Jolie and Gwyneth Paltrow, among others. We now learn that Jay-Z allegedly has some interest in getting in on the film industry even more by taking Harvey's place.

According to TMZ, Jay and his private investors that consist of a billionaire and famous movie producer are thinking of purchasing Harvey's 23% interest in the company. Jay is already familiar with the production team since he and Harvey are executive producers on The Kalief Browder Story - a six-episode documentary that chronicles the life of Kalief Browder, a Bronx high school student who was jailed for three years for a crime he did not commit. Jay is also said to have a Trayvon Martin miniseries in the works.

The "Holy Grail" rapper is apparently still looking to have a successful, working relationship with the company and would like to do so by having stakes. 

Former president Barack Obama and his wife Michelle, have come forward with a statement about the allegations against Harvey saying they are "disgusted" by the reports. The full statement reads:

“Michelle and I have been disgusted by the recent reports about Harvey Weinstein. Any man who demeans and degrades women in such fashion needs to be condemned and held accountable, regardless of wealth or status. We should celebrate the courage of women who have come forward to tell these painful stories. And we all need to build a culture -- including by empowering our girls and teaching our boys decency and respect -- so we can make such behavior less prevalent in the future."

Harvey was a frequent guest at The White House and has raised and donated over a million dollars in funds for Democrats of the House dating back to Bill Clinton. Hillary Clinton, who was a beneficiary of Harvey's fundraising benefits, also broke her silence on the allegations saying, “The behavior described by women coming forward cannot be tolerated,” Hillary said in a statement. “Their courage and support of others is critical in helping to stop this kind of behavior.”