The flailing Weinstein Co. announced today that it has received an emergency cash infusion from Colony Capital, and is in negotiations to sell “a significant portion” of its assets to the international investment firm. Mounting rape and sexual assault charges against co-founder Harvey Weinstein has left the brand increasingly radioactive, as companies reassess deals with the Weinstein Co.
Weinstein Co. board member Tarak Ben Ammar said in a statement that, “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 and talent partners around the world.”
Added
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in