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Disney Sells Miramax to Investor Group
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Posted July 30, 2010 10:59 AM by Juan Calonge
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 Confirming the agreement in principle announced earlier this month (see blu-ray.com, July 9), Walt Disney Co. has finalized a deal to sell its Miramax Films unit, including its library, for over $660 million. The buyer is Filmyard Holding, an investor group led by Los Angeles construction magnate Ron Tutor. Filmyard Holding has not yet detailed its plans for the Blu-ray release of Miramax catalog films.
"Although we are very proud of Miramax's many accomplishments, our current strategy for Walt Disney Studios is to focus on the development of great motion pictures under the Disney, Pixar and Marvel brands," said Robert A. Iger, Disney's President and CEO. "We are delighted that we have found a home for the Miramax brand and Miramax's very highly regarded motion picture library."
"I am delighted and honored to acquire the Miramax library," said Ron Tutor. "On behalf of my partners Tom Barrack and Colony Capital, we look forward to sharing this high quality content with the world in every form of media for many years to come."
The Miramax library includes many acclaimed and Academy-award winning titles, such as Pulp Fiction, Shakespeare in Love and The English Patient, as well as major foreign-language titles such as Life Is Beautiful and Amélie.
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Source: Deadline |
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johndoyle123
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Jul 30, 2010
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now what sounds juicy is the " sharing content with the world in every form of media for years to come " |
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ScuseMe
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Jul 30, 2010
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Finally! Let's hope that Pulp Fiction will soon be released in NA! |
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Phibes
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Jul 30, 2010
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Maybe some of the films that Miramax bought and never released will come out. |
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saprano
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Jul 30, 2010
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So is filmyard going to distribute the films themselves, or are they going to licence them to another studio? |
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ryanasaurus0077
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Jul 30, 2010
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From what I've heard Disney might still distribute the films for about a year. |
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meatee
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Jul 30, 2010
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I'd love to see them strike a deal with Criterion to do releases of their AAA titles (Pulp Fiction, Amélie, etc.) |
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Johnny Neat
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Jul 30, 2010
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They need to get them over to Criterion if applicable. Like Pulp Fiction. |
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JoeyB455
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Jul 30, 2010
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I want Life Is Beautiful on Blu |
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Wdm81
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Jul 30, 2010
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I love how disney mentions Marvel brands when they talk about motion pictures. Disney is unlikley to be producing a marvel film for a few years. Paramount and FOX hold rights to most of the big characters right now, and Sony isn't letting spider-man go any time soon. They did get back the Punisher rights recently though which ironically would be a perfect kind of marvel film to relase under Miramax as oppsed to Walt disney films |
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repete66211
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Jul 30, 2010
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Hopefully Filmyard is aggressive and won't skimp on the remastering. |
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the blob
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Jul 30, 2010
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Disney owns Marvel Studios now so effectively they're co-producers on all the Marvel films, I believe. |
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Canada
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Jul 30, 2010
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Hopefully the company that Disney turned the Miraimax titles over to to will do just as good a job with the transfers. |
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Minimejer05
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Jul 30, 2010
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Time to start banging out Blu's! Hopefully they start announcing titles within the upcoming months. |
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Diebrarian
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Jul 30, 2010
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SonOfArathorn, Cold Mountain is available in Canada on Blu-ray for $10--check amazon.ca. Can't comment on the quality, though (it's released by Alliance). |
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mcthuggin99
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Jul 30, 2010
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Pulp Fiction is one of the many movies that NEED to come out on Blu-Ray |
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rmainhammer
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Jul 30, 2010
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Criterion editions of Miramax films would set a new bar in all-around Blu-ray quality. IMO, this would be one of the best marriages for the BD format. |
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scottpcusa
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Jul 30, 2010
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This is potentially exciting news. I would love to see Pulp Fiction and Amelie get blu-ray releases in the near future. |
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