Weinstein Co. Begins Sale Talks in Crisis

Accusations of sexual misconduct against Harvey Weinstein haven’t just rocked Hollywood – they’ve also led to the potential destruction of his company, Weinstein Co. The privately-held independent film and TV studio is in talks to sell itself to Colony Capital, the private equity arm of Colony NorthStar, run by billionaire Thomas Barrack. News of an immediate sale after a crisis is rare, but Weinstein Co.’s corporate governance structure and small size leave it vulnerable, says Larry Hutcher, co-founder and co-managing partner at Davidoff Hutcher & Citron. Bloomberg entertainment reporter Anousha Sakoui also tells host Alex Sherman about Weinstein Co.’s recent box-office failures and traces the company’s history, from Miramax to today. See omnystudio.com/listener for privacy information.