Weinstein Company Agrees to a Rescue Investment From Colony Capital<br />“We believe that Colony’s investment and sponsorship will help stabilize the company’s current operations, as well as provide comfort to our critical distribution, production<br />and talent partners around the world,” Tarak Ben Ammar, a Weinstein Company board member, said in the statement.<br />The move, struck early on Monday, provides the Weinstein Company with some breathing room as it grapples with a host of problems<br />that have arisen since and The New Yorker revealed sexual harassment and rape allegations against Mr. Weinstein going back decades.<br />The Weinstein Company secured a financial lifeline —<br />and a potential new owner — on Monday from Colony Capital, as the embattled studio reels from the growing scandals surrounding its co-founder, Harvey Weinstein.<br />The two sides will begin negotiations over selling some or all of the studio’s assets to Colony, which<br />is led by Thomas J. Barrack Jr., a financier who is one of President Trump’s closest advisers.<br />In a short statement, the Weinstein Company said that it had a preliminary agreement<br />from Colony for an immediate cash infusion, though the amount was not disclosed.
