Richard Nanula Officially Out at Colony, Miramax
His personal leave has ended in the wake of continuing revelations in the sex scandal surrounding the former chief financial officer of the Walt Disney Co.
Richard Nanula is no longer on personal leave from Colony Capital, Miramax and other related companies. He has now completely severed his ties with the international investment bank, where he was a partner, and the movie company, where he was chairman, a spokesperson for Colony Capital confirmed to The Hollywood Reporter on Sunday.
Nanula, who was once CFO of The Walt Disney Co., has recently been linked to a growing sex scandal. It began when pictures were published about three weeks ago on the website The Dirty (and later elsewhere) of a man believed to be Nanula playing the male lead in a porn movie with adult-film actress Samantha Saint.
Nanula has not responded to THR's request for comment.
It appears Nanula’s expensive sex addiction has a long history. On Sunday, the New York Post reported that, according to a 2005 divorce filing, when Nanula was working for Amgen around 1999, he attended a sex-addiction therapy program at the Hoffman Institute in San Rafael, Calif.
This story of his sex addiction was told in the divorce case involving his then-wife, Tracey Nanula. She said she had forced her husband to enter sex therapy after she found he had spent as much as $10,000 on a prostitute. She says he first learned the truth in 2001 from credit card bills and checks paid to escorts. Tracey had met her husband when both worked at Disney.
This comes only a week after revelations that Nanula was sued in a sexual harassment suit filed against him personally and against Colony Capital on Jan. 30.
The suit was filed in L.A. Superior Court by Stephanie Shaw, who says she started as a temp at Colony Capital in February 2011. She was made a permanent employee in June and then the following Jan. 30, she says she was groped and sexually harassed by a male employee.
Nanula was her supervisor, and she charges he did not help her and that after she went public with her complaint, he created a hostile work environment and is to blame for what she calls her wrongful termination.
On Sunday, the New York Post reported that Ronald Tutor, the CEO of Tutor Perini construction, which recently won the contract to build the first leg of California’s high-speed rail system, is still an owner of Miramax along with Colony; its principal, Thomas Barrack; the Qatar Investment Authority; and The Weinstein Co.
That is incorrect.
Tutor, who also is involved in several federal and state lawsuits and a bankruptcy in association with his former business partner David Bergstein, sold his interest in Miramax in January. Tutor apparently continues to try and reduce his movie business interests.
Miramax is left with no chairman with Nanula gone and no CEO (since Mike Lang left in March 2012), but it has hired a corps of veteran executives to run the divisions charged with continuing to monetize the Miramax film library. That asset was acquired in December 2010 from Disney.
The buyers at the time included Barrack, individually and on behalf of Colony Capital, along with Ronald Tutor and, putting up the largest amount in the highly leveraged deal, the Qatar Investment Authority. The joint venture, then called Filmyard Holdings, paid Disney $663 million.