The Weinstein Co. bailed out by Tom Barrack's Colony Capital

AP / Remy de la Mauviniere

The Weinstein Company said today that it will receive a rescue investment from Colony Capital, a private investment firm led by Trump confidant Tom Barrack. Colony also has entered into exclusive negotiations to buy some or all of The Weinstein Company's assets.

Statement from Tom Barrack: "We will help return the Company to its rightful iconic position in the independent film and television industry."