Film Company in talks over possible sale
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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.

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.”

BBC

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