With Harvey Weinstein in hot water all month for numerous sexual harassment allegations, the Weinstein Company is now in talks to sell a bulk of its assets.
The buyer would be private equity firm Colony Capital according to an announcement made by both companies on Monday.
According to the statement, Colony Capital will provide an immediate capital infusion into The Weinstein Company and is in discussions to either buy a significant chunk of the company’s assets or all of them.
Harvey Weinstein had been fired from the company and five others had departed in the wake of his accusations according to Deadline. Weinstein still denies that the sex he had was anything but non-consensual.
The company has produced and distributed big hits such as “Silver Linings Playbook.”
Jennifer Lawrence, who starred in the film “Silver Linings Playbook” has said, “I was deeply disturbed to hear the news about Harvey Weinstein’s behavior. I worked with Harvey five years ago and I did not experience any form of harassment personally, nor did I know about any of these allegations. This kind of abuse is inexcusable and absolutely upsetting.”
She also said, “My heart goes out to all of the women affected by these gross actions. And I want to thank them for their bravery to come forward.”
There has been no mention of how much the deal could be valued between Colony Capital and The Weinstein Company.