Weinstein Company says in talks to sell movie studio


  • World
  • Tuesday, 17 Oct 2017

HOLLYWOOD: The Weinstein Company announced Monday that Colony Capital had agreed to provide the scandal-plagued studio with financing and that the two parties were in talks on a potential sale.

Colony, founded by Thomas Barrack, a longtime friend of US President Donald Trump, will provide an "immediate cash infusion" into The Weinstein Company, the firm said in a statement.

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