Weinstein Co. says sale talks underway

NEW YORK — The Weinstein Co., mired in a sex scandal, 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.

Colony Capital, the private-equity arm of Colony NorthStar, was founded by Thomas Barrack, a close adviser to President Donald Trump. Barrack was chairman of Trump’s presidential inaugural committee.

Weinstein Co. co-founder Harvey Weinstein was fired by the company last week after allegations of sexual harassment and assault. The allegations span decades and include many of the film industry’s leading actresses.

The fallout has been swift. 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 Co. last week. Showtime has threatened to pull out of an Oliver Stone drama in development, Guantanamo, because Weinstein Co. is a producer.

Word of a potential sale comes just three days after Bob Weinstein, Harvey’s brother, said that selling the company was not an option.