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Harvey Weinstein's company gets a financial lifeline as he faces new criminal probe

Harvey Weinstein's company gets a financial lifeline as he faces new criminal probe

The Weinstein Co., reeling from sexual harassment and rape allegations against ousted co-founder Harvey Weinstein, has secured some much-needed financial relief from Los Angeles billionaire Thomas Barrack.

The mini-studio announced Monday that it has entered into an agreement for Barrack’s private equity firm, Colony Capital, to provide a cash infusion to the New York company.

Colony and Weinstein Co. — known for producing films such as “The King’s Speech,” “Django Unchained” and the reality television series “Project Runway” — also said that they have entered a negotiation period for a sale of all or part of the beleaguered firm’s assets. Financial details were not...

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