The Weinstein Company is in talks to sell to a private equity company in the wake of the sexual harassment and assault allegations against its co-founder Harvey Weinstein.
The Weinstein Company said that it has also entered negotiations with Colony Capital for a “potential sale of all or a significant portion” of the company’s assets.
Colony Capital said that it intends to return The Weinstein Company to its “rightful iconic position” in Hollywood.
The company has produced a string of box office and critically acclaimed hits since being founded by Bob and Harvey Weinstein in 2005, with credits including The King’s Speech, Shakespeare in Love and Silver Linings Playbook.