Friday, 16 April 2010
Looks like Harvey and Bob are getting Miramax back--no idea why they sold it in the first place., to be honest. From the Hollywood Reporter:
It looks as if the Weinsteins have managed to fashion a winning bid in the Miramax auction and will take back operating control of the company they founded in 1979 and sold to Disney for $80 million in 1993. Running the process internally, the Burbank studio for months has been soliciting offers for the recently shut specialty-film unit and its 611-title library. Miramax founders Harvey and Bob Weinstein had been building enough financial muscle to put together an offer of $600 million or thereabouts, seeking to top bids from such rival suitors as businessmen Alec and Tom Gores and a more controversial one from Hollywood wheeler-dealer David Bergstein.
If you think $600 million seems like a lot to pay,imagine being Harvey and Bob. They're sitting there right now thinking, we sold this shit 15 years ago for $80 mil, and now we're paying $600 to get it back?
Posted on 04/16/2010 2:18 PM by Todd Carr
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