The Weinstein Company in Potential Sales Talks with Colony Capital

The Weinstein Company (TWC) has confirmed that it is in talks with Colony Capital for a potential sale of all or a significant portion of the company’s assets.

TWC also entered into a preliminary agreement for Colony to provide an immediate capital infusion into the company. The investment helps to stabilize TWC operations and reassure distribution, production and talent partners.

TWC board member Tarak Ben Ammar said, “On behalf of the board, we are pleased to announce this agreement and potential strategic partnership with Colony Capital. We believe that Colony’s investment and sponsorship will help stabilize the company’s current operations, as well as provide comfort to our critical distribution, production and talent partners around the world. Colony’s successful experience and track record in media and entertainment will be invaluable to the company as we move forward.”

Thomas J. Barrack, Jr., founder and executive chairman of Colony Capital, said, “We are pleased to invest in The Weinstein Company and to help it move forward. We believe the company has substantial value and growth potential, and we look forward to working with the company’s critical strategic distribution and production partners to help preserve and create value for all stakeholders, including its employees. We will help return the company to its rightful iconic position in the independent film and television industry.”