The Weinstein Co., mired in a sex scandal, may be putting itself up for sale.
The company said Monday that it will receive an immediate cash infusion from Colony Capital and is in negotiations for the potential sale of all or a significant portion of the company responsible for producing films such as “Django Unchained,” ”The Hateful Eight” and “Lion.”
Co-founder Harvey Weinstein was fired by the company last week following allegations of sexual harassment and assault. The allegations span decades.
The fallout has been swift after Weinstein issued a lengthy and seemingly tone-deaf apology. The Academy of Motion Picture Arts and Sciences has revoked his membership, as has the British Academy of Film and Television Arts.
Amazon Studios, the growing film arm of Amazon, cut ties with the Weinstein company last week. Showtime has threatened to pull out of an Oliver Stone drama in development, “Guantanamo,” because Weinstein Co. is a producer.
Law enforcement in the US and Europe are taking a new look at past allegations.
Word of a potential sale comes just three days after Bob Weinstein, Harvey’s brother, said that selling the company was not an option.
— AP
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
From the Liveblog of
Monday, October 16, 2017
Add ToI as a Preferred Source on Google
