With Thomas Barrack Facing Federal Charges, What Happens to His Hollywood Ventures?
Barrack’s Hollywood ties are mostly in the past but included an aborted plan to bail out The Weinstein Company
Diane Haithman | July 21, 2021 @ 4:53 PM
Then-Miramax chairman Thomas Barrack with stars Rob Lowe, Gwyneth Paltrow and Fred Savage at Hollywood Walk of Fame in 2015 (Getty Images)
Former Colony Capital CEO Thomas Barrack, a longtime ally of Donald Trump who was Tuesday arrested on seven federal criminal charges, has long had ties to Hollywood beyond his home in Santa Monica.
A decade ago, the 74-year-old private equity real estate investor partnered with construction magnate Ronald Tutor and the Qatar Investment authority to buy Miramax from Disney for $660 million. He served as chairman of company, mostly signing licensing deals for the 700-film library of Oscar-winning titles without producing much new content.
U S companies that paid little or no income taxes support taxpayer-funded infrastructure deals
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Some big companies quietly complain about potential tax hikes, while preparing to profit from infrastructure deal
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Saudi Crown Prince s £44m superyacht moors in UK â complete with 13-seat cinema
Saudi Crown Prince Mohammed bin Salman s superyacht Pegasus VIII anchored in Cornwall this week â boasting everything from a 13-seat cinema to a helipad that doubles up as a golf driving range
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