Film Company in talks over possible sale
- Advertisement -

The film production company co-founded by Harvey Weinstein, who is facing a number of sexual assault allegations, is in talks over a possible sale.

The Weinstein Company said it had entered a preliminary deal with US private equity firm Colony Capital.

Mr Weinstein, 65, was fired by the board of his company earlier this month, and was later expelled by the organisation behind the Oscars.

- advertisement -

The Hollywood producer insists sexual relations he had were consensual.

Police in London and New York are investigating various allegations against Weinstein.

The Metropolitan Police says he is accused of assaulting three women in separate incidents in London in the late 1980s, 1992, 2010, 2011 and 2015.

The Weinstein Company, which was behind Oscar-winning films including The King’s Speech and The Artist, has come under intense pressure over the scandal.

In a statement, the firm said Colony Capital had agreed to inject funds immediately into the Weinstein Company as part of the agreement.

Tarak Ben Ammar, a board member of The Weinstein Company, said: “We believe that Colony’s investment and sponsorship will help stabilise the company’s current operations, as well as provide comfort to our critical distribution, production and talent partners around the world.”


Previous articleDepartment of Factories Inspectorate needs facelift
Next articleActors afraid to lose work if they report harassment
ADR Daily is a specialized news portal with a focus on providing authentic news, information and research analysis on Appropriate Dispute Resolution (ADR), Human Resource Management (HRM) and Industrial Relations Management (IRM) in Ghana and beyond. This platform serves as an information resource base for the progress of the ADR, HRM and IRM industries, and seeks to promote professionalism in ADR practice by supporting a network of ADR professionals within and across nations and continents. ADR Daily keenly encourages the mass adoption of ADR mechanisms, particularly negotiation, mediation and arbitration for the resolution of disputes in all spheres, through the publication of industry news and information, as well as by deploying innovative awareness creation engagements.