Weinstein Co., mired in sex scandal, may be up for sale

FILE – In this March 2, 2014 file photo, Harvey Weinstein arrives at the Oscars in Los Angeles. Disgraced movie mogul Harvey Weinstein’s membership in the Academy of Motion Picture Arts and Sciences has been revoked by its board. The decision was reached Saturday, Oct. 14, 2017, in an emergency session. It comes after recent reports by The New York Times and The New Yorker that revealed sexual harassment and rape allegations against Weinstein going back decades. The move by the Academy is virtually unprecedented. (Photo by Jordan Strauss/Invision/AP, File)

NEW YORK (AP) — The Weinstein Co., mired in a sex scandal, may be putting itself up for sale.

The company said Monday that it is getting an immediate cash infusion from Colony Capital and is in negotiations for the potential sale of all or a significant portion of the movie studio responsible for films like “Shakespeare in Love,” and “Gangs of New York.”

Co-founder Harvey Weinstein was fired by the company last week following allegations of sexual harassment and assault. The allegations span decades.

The fallout has been swift, with Weinstein issuing a lengthy and seemingly tone-deaf apology while losing various honors. The Academy of Motion Picture Arts and Sciences has revoked his membership.

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