With a Last-Minute Investment From a Trump Friend, the Weinstein Company Isn’t Dead Yet

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Photo: Mark Von Holden/Getty Images for Dimension Films

The final credits haven’t yet rolled on the Weinstein Company, which has been embroiled in the continuing sexual-misconduct scandal surrounding co-founder Harvey Weinstein. The company announced Monday that it has received “an immediate capital infusion” from Thomas J. Barrack Jr.’s Colony Capital, according to the New York Times. The amount was not disclosed, but the statement said Colony is also negotiating to buy part or all of the Weinstein Company and its assets. Barrack, a close outside adviser to President Trump, acquired Michael Jackson’s Neverland Ranch in 2008. “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,” TWC board member Tarak Ben Ammar said in a statement.

With a Last-Minute Investment, Weinstein Co. Isn’t Dead Yet