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Miramax Gets a New Owner, Again

Miramax Gets a New Owner, Again

Miramax has been bought by Doha’s Al Jazeera Network spin-off beIN Media Group, which acquired the indie left behind by its founders, Bob and Harvey Weinstein, when they left Disney in 2005 to start anew. Disney sold the company and its rich library of 700 titles with such Oscar winners as ‘Pulp Fiction,” “The English Patient,” “No Country for Old Men,” “Chicago” and “The Crying Game” for $660 million in 2010. Now the consortium of investors that bought Miramax, led by Qatar Investment Authority and Colony Capital, have turned the company over to a new owner. 
At the beginning Miramax was determined to maximize the value of the library, but in recent years under executive Zanne Devine they have returned to production. She says that Miramax projects like Kevin Hart comedy hit “The Wedding Ringer” (Screen Gems) and “Mr. Holmes,” the Ian McKellen Roadshow Attractions specialty breakout, will continue. Four films in the 2016 pipeline include Roadside’s “Southside with You,” which debuted at Sundance to positive reviews, plus sequels to “Bad Santa” (Broad Green) and “Bridget Jones’ Diary” (Universal), reuniting Renee Zellweger and Colin Firth. They also produce TV’s “From Dusk Till Dawn: The Series.”

“We are excited about being part of beIN Media Group,” Devine told me on the phone. “Miramax’s day-to-day stays the same and we are focused on our film and TV projects for 2016 and beyond.”

According to CEO Steve Schoch, Miramax plans to expand its film and television output and distribution capabilities. No layoffs are expected. 

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