Capitol Records Signs Deal With Miramax
Capitol Records signed a deal with Miramax/Dimension Films to "co-finance
the development of soundtracks and other albums," for three years. Capitol
beat offers from Warner Music, Sony and Disney, who own Miramax. Capitol
hopes to release between 8 and 12 soundtracks, including the upcoming
sequel to "Scream". Other projects include Gus Van Sant's, "Good Will Hunting"
and "54", about the legendary nightclub Studio 54.
"We believe Miramax is one of the most daring and progressive film
companies in the business and the deal gives our artists the potential to
be involved in interesting and high-quality films," explained Gary Gersh,
Capitol Records prexy-CEO.