trending Market Intelligence /marketintelligence/en/news-insights/trending/LvV-RxLqzfuZSFdGrxFgpw2 content esgSubNav
In This List

The Weinstein Co. in sale talks with Colony Capital

Podcast

Next in Tech | Episode 99: Like Vegas, CES is back!

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Tech M&A Outlook: Back on track in 2023?

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback


The Weinstein Co. in sale talks with Colony Capital

The Weinstein Co. is exploring a sale of all or a significant portion of its assets to Colony Capital Inc. following the termination of Harvey Weinstein amid allegations of sexual misconduct.

Colony Capital also has struck a deal to invest in The Weinstein Co. immediately, the company said Oct. 16, to help stabilize its operations and reassure distribution, production and talent partners. Recently, Amazon.com Inc.'s Amazon Studios backed out of an untitled project that it was developing with The Weinstein Co., and Apple Inc. also nixed plans for an Elvis Presley biopic series produced by The Weinstein Co.

The investment comes as a report suggested that The Weinstein Co. was considering a sale or closure of the company in the wake of the scandal.

Colony Capital is the global private equity division of Colony NorthStar Inc.