Hollywood mogul Harvey Weinstein and his bankrupt studio have reached a tentative $25 million agreement to end his sexual misconduct lawsuits brought by dozens of women.

According to the New York Times, the tentative deal does not requires Weinstein to admit any wrongdoing or pay any of his own money. His production studio's insurance companies will cover the cost.

Weinstein was accused of sexual misconduct against actresses and employees stretching over three decades.

According to the lawyers, more than 30 actresses and former employees have agreed to the deal.

The final settlement has to be approved by the court and all parties have to sign off on it.