Miramax Studio Up For Sale
Privately-held Miramax, which owns the rights to hundreds of Hollywood films including “Bridget Jones’ Diary” and “The English Patient,” is exploring strategic alternatives including a potential sale.
The Santa Monica, CA-based company is speaking to financial advisers about its options. Miramax could be valued as high as $1-B.
A spokesman for Miramax would not comment.
An investor group including Qatar Holding and Thomas J. Barrack Jr.’s investment firm Colony Capital bought the company from Disney (NYSE:DIS) Y in 2010 for $660-M.
While the company is best known for its extensive film library, it has started to distribute new movies, including independent film “Mr. Holmes,” starring Sir Ian McKellen and Laura Linney which was released Friday.
It also produces a TV show called “From Dusk Till Dawn” which is based on the Y 1996 Robert Rodriguez vampire film.
Miramax was founded in Y 1979 by Bob and Harvey Weinstein.
Have a terrific weekend.
HeffX-LTN
Paul Ebeling
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