Magazine article Screen International

The Weinstein Company in Sale Talks with Colony Capital

Magazine article Screen International

The Weinstein Company in Sale Talks with Colony Capital

Article excerpt

“Immediate capital infusion” will help “stabilize” company.

The Weinstein Company has reached an agreement with private equity firm Colony Capital over the potential sale of part or all of its assets.

According to a statement, Colony will make an “immediate capital infusion” into the troubled company, which has been rocked by the allegations of sexual harassment made against founder Harvey Weinstein.

The founder and executive chairman of Colony Capital, Thomas J. Barrack, Jr., said: “We are pleased to invest in The Weinstein Company and to help it move forward.

“We believe the Company has substantial value and growth potential, and we look forward to working with the Company’s critical strategic distribution and production partners to help preserve and create value for all stakeholders, including its employees. …

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