February 3, 2010 |
Walt Disney Co. is attempting to learn whether it can still mine gold from Academy Award winners such as "Shakespeare in Love" and "The English Patient" from its Miramax Films unit. The Burbank studio had barely closed the New York and Los Angeles offices of its specialty film label and laid off dozens of employees last week when news surfaced that Miramax was in play. But as Disney entertains inquiries from possible buyers, people close to the situation say that the $700-million price that Disney places on the asset could be a stretch.
March 17, 2010 |
With the recent demise of Miramax Films and its possible sale, the specialty label's biggest movie producer, Scott Rudin, is negotiating to end his lucrative production deal with the company's corporate parent, Walt Disney Studios. A prolific producer who supplied Miramax with such movies as Oscar-winner "No Country for Old Men," "The Queen," and "There Will Be Blood," Rudin is in talks to get out of his contract, which still has three years remaining, said a person familiar with the situation.
April 6, 2010 |
Walt Disney Co. has received three bids for the specialty label Miramax Films, said people close to the situation who did not want to be identified because the offers were confidential, and now has to make a decision whether to sell the asset or hold on to it. If Disney ends up selling Miramax, it would mark the end of the studio's 17-year ownership of the label, known for championing independent films that often garnered awards on the film festival...
May 22, 2010 |
Harvey and Bob Weinstein's bid to reclaim Miramax Films, the pioneering independent studio they founded in 1979, has been thwarted at the last minute. In a major blow to the brothers, whose own movie studio Weinstein Co. is facing financial problems, their negotiations with Miramax owner Walt Disney Co. broke down Friday, the same day that the Burbank media giant hoped final deal points would be worked out and long-running talks would come to a conclusion, according to three people familiar with the situation.
December 16, 2013 |
Harvey and Bob Weinstein are getting the reunion they've long sought. The brothers' film company, Weinstein Co., has struck a production and distribution deal with Miramax, the iconic firm they founded in 1979 that has been responsible for critical and commercial hits including "Pulp Fiction," "Shakespeare in Love" and "Chicago. " Under terms of the 20-year co-production and co-distribution agreement, the companies will collaborate on a variety of projects that mine Miramax's film library, in addition to developing new content.
July 30, 2010 |
After months of negotiations with various buyers that failed to bear fruit, Walt Disney Co. finally reached a deal to sell its Miramax Films unit in a deal that severs the independent movie pioneer's 17-year association with the Burbank studio. Disney late Thursday signed a definitive agreement to sell Miramax to Filmyard Holding, an investor group led by Los Angeles construction magnate Ron Tutor, for more than $660 million, putting the future of the company with a long string of award-winning films into the hands of a Hollywood outsider.