Bafta suspends Weinstein and wife leaves him as MPs say mogul should lose CBE
The Academy of Motion Picture Arts and Sciences has described the sexual abuse allegations against Harvey Weinstein as "repugnant" and "abhorrent".
The Academy, which hosts the Oscars, added it will be holding a meeting on Saturday to discuss any action to be taken.
The British Academy of Film and Television Arts (Bafta) has already announced it had suspended his membership, effective immediately.
A number of senior Labour politicians have also appealed to Prime Minister Theresa May to have the film executive stripped of his honorary CBE.
A statement from the AMPAS said: "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 Board of Governors will be holding a special meeting on Saturday, October 14, to discuss the allegations against Weinstein and any actions warranted by the Academy."
The British Film Institute (BFI) has said it "wholeheartedly support(s) those brave enough to come forward and speak out" against movie mogul Harvey Weinstein.
A BFI spokeswoman said: "Sexual harassment, abuse and bullying is appalling and unacceptable under any circumstances.
"Everyone working in the film industry - and any industry - should be safe and respected in the workplace.
"We wholeheartedly support those brave enough to come forward and speak out.
"The film industry urgently needs more women represented on every level, on and off screen.
"We don't believe this situation would have taken so long to surface had there been greater parity of women in the industry.
"Advocating for better inclusion and representation is central to the BFI's strategic priorities and we have introduced a number of interventions to drive change."
Angelina Jolie and Gwyneth Paltrow are among the high profile stars who have accused Weinstein of sexual harassment, which has seen him dismissed from the Weinstein Company and issue an apology.
Weinstein's wife, Georgina Chapman, described his behaviour as "unforgivable" and announced she was leaving him.
Ms Chapman, who has two children with Weinstein, told People magazine: "My heart breaks for all the women who have suffered tremendous pain because of these unforgivable actions.
"I have chosen to leave my husband. Caring for my young children is my first priority and I ask the media for privacy at this time."
Weinstein has denied many of the allegations and issued a vehement denial over three allegations of rape which emerged on Tuesday.
Asked if the BFI was going to revoke the Fellowship awarded to him in 2002, the spokesperson said: "All decisions around BFI Fellowships are a matter for the BFI Board to determine."
The chief executive of Women In Film and TV, Kim Kinninmont, said the sexual harassment allegations are symptomatic of the film industry's culture of sexism.
Ms Kinninmont, an award-winning producer and director, also called for him to be stripped of his membership of the Academy of Motion Picture Arts and Sciences, as well as his CBE.
She said she was "delighted" that Weinstein's membership of Bafta had been suspended "as his behaviour is incompatible with their values".
In a statement, Ms Kinninmont said: "The positive message coming out of all this is clear: we will no longer put up with this disgraceful behaviour.
"There has always been a culture of sexism and sexual harassment in this industry. It is a culture of bullying where the male movie moguls had total power over the careers of young ingenues.
"Like all forms of bullying, it is difficult to change the behaviour of the bully or indeed of the victim, it's the onlookers, the by-standers, all of us who can create change."