HBO is the latest entertainment company to cut its ties with comedian and actor Louis CK.

While Louis initially refused to comment on several allegations of sexual misconduct made against him, he later admitted them in a lengthy statement.

"These stories are true," he said of reports that he had masturbated in front of five different women on separate occasions.

"The power I had over these women is that they admired me. And I wielded that power irresponsibly."

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HBO responded to the statement by pulling his latest project from schedules, confirming in a statement: "Louis CK will no longer be participating in the Night of Too Many Stars: America Unites for Autism Programs, which will be presented live on HBO on November 18.

"In addition, HBO is removing Louis CK's past projects from its On Demand services."

The past projects that had previously been available included Louis's comedy specials One Night Stand, Shameless and Oh My God, as well as his 2006 comedy series Lucky Louie.

In the aftermath of the allegations, FX, which aired his hit shows Louie, Better Things and Baskets, also ended its association with Louis.

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The network cancelled its deal with CK's Pig Newton production company and added that he would "no longer serve as executive producer or receive compensation" from the four shows it had previously been producing with him.

I Love You, Daddy, the feature film directed and co-written by Louis, was dropped by its distributors ahead of release, with its New York premiere having being cancelled just prior to the allegations against CK being made public.

The film had proved controversial even prior to The New York Times publishing the accusations against Louis for its plot, which sees a 17-year-old (Chloe Grace Moretz) fall for a 68-year-old filmmaker (John Malkovich).

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Netflix had also cancelled plans to make a second stand-up special with the comedian.

"The allegations made by several women in The New York Times about Louis CK's behavior are disturbing," the company said in a statement.

"Louis's unprofessional and inappropriate behaviour with female colleagues has led us to decide not to produce a second stand-up special, as had been planned."

From: Digital Spy