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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."

Statement from TWC director Tarak Ben Ammar: "We believe that Colony's investment and sponsorship will help stabilize the Company's current operations, as well as provide comfort to our critical distribution, production and talent partners around the world."

Dollar details: None yet.

History: Colony Capital in 2010 bought Miramax, the studio founded by Harvey and Bob Weinstein before forming The Weinstein Company. While under Colony's ownership, Miramax and TWC would come to form a strategic partnership. Colony sold Miramax in early 2016.

In case you've been under a rock: The Weinstein Co. has been upended in the past two weeks by dozens of sexual assault and harassment allegations against co-founder and (now former) CEO Harvey Weinstein.

Barrack backgrounder: The Colony Capital CEO is a longtime friend of President Trump, and spoke on his behalf last summer at the Republican National Convention. But he also made political waves last week by telling the Washington Post: "In my opinion, he's better than this."

Go deeper

Scoop: Gina Haspel threatened to resign over plan to install Kash Patel as CIA deputy

CIA Director Gina Haspel. Photo: Win McNamee/Getty Images

CIA Director Gina Haspel threatened to resign in early December after President Trump cooked up a hasty plan to install loyalist Kash Patel, a former aide to Rep. Devin Nunes (R-Calif.), as her deputy, according to three senior administration officials with direct knowledge of the matter.

Why it matters: The revelation stunned national security officials and almost blew up the leadership of the world's most powerful spy agency. Only a series of coincidences — and last minute interventions from Vice President Mike Pence and White House counsel Pat Cipollone — stopped it.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Biden says, "We will manage the hell out of" vaccine distribution — Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan — Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat.
  3. Vaccine: Battling Black mistrust of the vaccines"Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.

John Weaver, Lincoln Project co-founder, acknowledges “inappropriate” messages

John Weaver aboard John McCain's campaign plane in February 2000. Photo: Robert Schmidt/AFP via Getty Images)

John Weaver, a veteran Republican operative who co-founded the Lincoln Project, declared in a statement to Axios on Friday that he sent “inappropriate,” sexually charged messages to multiple men.

  • “To the men I made uncomfortable through my messages that I viewed as consensual mutual conversations at the time: I am truly sorry. They were inappropriate and it was because of my failings that this discomfort was brought on you,” Weaver said.
  • “The truth is that I'm gay,” he added. “And that I have a wife and two kids who I love. My inability to reconcile those two truths has led to this agonizing place.”