Harvey Weinstein has offered an apology for his past behaviour following allegations of sexual harassment.
The 65-year-old film producer will take time away from his work and will start therapy, according to a statement from his publicist.
Weinstein has denied past claims from women he has worked with.
In a statement shared on Thursday, he said: "I came of age in the 60's and 70's, when all the rules about behavior and workplaces were different. That was the culture then.
"I have since learned it's not an excuse, in the office - or out of it. To anyone.
"I realized some time ago that I needed to be a better person and my interactions with the people I work with have changed.
"I appreciate the way I've behaved with colleagues in the past has caused a lot of pain, and I sincerely apologize for it.
"Though I'm trying to do better, I know I have a long way to go. That is my commitment. My journey now will be to learn about myself and conquer my demons."
He continued: "I've brought on therapists and I plan to take a leave of absence from my company and to deal with this issue head on. I so respect all women and regret what happened.
"I hope that my actions will speak louder than words and that one day we will all be able to earn their trust and sit down together with Lisa (lawyer Lisa Bloom) to learn more.
"Jay Z wrote in 4:4 'I'm not the man I thought I was and I better be that man for my children'. The same is true for me.
"I want a second chance in the community but I know I've got work to do to earn it. I have goals that are now priorities. Trust me, this isn't an overnight process.
"I've been trying to do this for 10 years and this is a wake-up call. I cannot be more remorseful about the people I hurt and I plan to do right by all of them."
The Academy Award-winner is known for co-founding film firms Miramax, which has produced independent big screen hits such as Pulp Fiction, and The Weinstein Company.