The Academy to meet Saturday to decide Harvey Weinstein's fate

Now the Oscars need to decide what to do about Harvey Weinstein.

After a series of bombshell sexual assault allegations against the Hollywood producer, The Academy of Motion Picture Arts and Sciences said its board of governors will hold an emergency meeting on Saturday to "discuss the allegations against Weinstein and any actions warranted by the Academy."

"The Academy finds the conduct described in the allegations against Harvey Weinstein to be repugnant, abhorrent, and antithetical to the high standards of the Academy and the creative community it represents," the organization said in a statement.

It was not immediately clear what punitive measures The Academy could take. The organization did not respond to multiple requests for additional information.

The announcement follows a move by The British Academy of Film and Television Arts on Wednesday to suspend Weinstein's membership.

(CNN)