June 25, 2018

Weinstein Company agrees to a rescue investment from Colony Capital (NYTimes)

Weinstein Company agrees to a rescue investment from Colony Capital (NYTimes)

The Weinstein Company said on Monday that it had agreed to a financial lifeline from Colony Capital, securing vital cash as the embattled studio reels from the growing scandals surrounding its co-founder, Harvey Weinstein.

In a short statement, the Weinstein Company said that it had a preliminary agreement from Colony for an immediate cash infusion. The amount was not disclosed. The statement said the two sides would negotiate over selling some or all of the studio’s assets to Colony. Read more

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