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Miramax Creates New “Division”; Venture To Reunite New Yorker’s Brown and Vogue’s Galotti

Miramax Creates New "Division"; Venture To Reunite New Yorker's Brown and Vogue's Galotti

Brown and Vogue’s Galotti

by Eugene Hernandez

New Yorker Magazine Editor Tina Brown and Conde Nast V.P. & Vogue
Publisher Ronald A. Galotti resigned from their respective positions
yeterday and joined Miramax Co-Charimen Harvey and Bob Weinstein in
announcing the formation of a new media venture. In partnership with
Miramax, the new entity will publish a new monthly magazine, produce
films and television programs, and publish books. Brown will serve as
Chariman of the venture, while Galotti will become the entity President.
The two previously worked together at Vanity Fair. Speaking on the
condition of anonymity, a source familiar with the deal told indieWIRE
yesterday that the as yet unnamed venture will fuction as “a division
within Miramax”. Other divisions of the company include the recently
launched HAL Films in London, Dimension Films, and Miramax Books.

According to the source, a new magazine will be the first project for
the venture. The individual decribed the publication as a “glossy monthly”
that will include writing from both new and established writers, and also
include work by leading photographers and illustrators. The source
indicated that the magazine will not be entertainment or film focused, but
will be in the style of previous magazines that Tina Brown has been
involved with. indieWIRE has learned that it is expected to launch next fall.
Prior to her six year tenure at The New Yorker, Brown was the Editor of
Vanity Fair and before that the editor of the British publication, Tatler.
Galotti’s other experience includes serving as Publisher of Mademoiselle
and Conde Nast Traveler.

Finally, the source indicated that the New York based company will be
built from scratch and establish its own talent deals, rather than rely
on existing Miramax pacts. Commenting on the new company in a prepared
statement yesterday, Harvey Weinstein said, “The formation of this new
venture fulfills my goal of producing a dramatic act two for Miramax by
entering new areas of creativity with two tremendous partners.”

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