Owen Blicksilver PR is handling today’s news that Colony Capital agreed to pump a cash infusion into embattled The Weinstein Co. and to negotiate the acquisition of the entire company or key assets.

The Weinstein Company

The immediate investment will help stabilize TWC’s operations and “provide comfort to our critical distribution, production and talent partners around the world,” said board member Tarak Ben Ammar in a statement.

Colony is the private equity arm of Colony Northstar, which has $56B in assets under management.

It has worked with TWC through a joint venture established with Miramax to develop content from its library.

Tom Barrack, who founded Colony in 1991, is a key advisor to President Trump. He also helped stave off foreclosure of Michael Jackson’s Neverland Ranch.

Kristin Celauro, Blicksilver managing director, represents Colony in the deal.