UPDATE 1-Harvey Weinstein resigns from Weinstein Co board - source

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LOS ANGELES, Oct 17 (Reuters) - Harvey Weinstein has resigned from the board of The Weinstein Company, a source close to Weinstein said on Tuesday, as he faces allegations that he sexually harassed or assaulted a number of women over three decades in the film business.

Representatives for Harvey Weinstein and The Weinstein Company did not immediately respond to requests for comment.

Hollywood trade publication Variety reported earlier on Tuesday that Weinstein had resigned.

Weinstein was fired as chief executive of Weinstein Co on Oct. 8 but remained on the board of the company he co-founded with his brother. Weinstein has denied having non-consensual sex with anyone.

The company now is trying to chart a future without Weinstein. On Monday, it said it was in talks to sell the bulk of its assets to private equity firm Colony Capital.

One of Hollywoods most influential forces since launching in October 2005, The Weinstein Co has produced and distributed films including "The King's Speech" and "Silver Linings Playbook." Its TWC Television unit produces the long-running reality series "Project Runway." (Reporting by Lisa Richwine; Editing by Bill Rigby)