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Miramax

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Last Updated: 13 September 2021

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General | Latest Info

Miramax

TypeJoint venture
IndustryFilm Television
FoundedDecember 19, 1979 ; 41 years ago ( 1979-12-19 ) Buffalo, New York , United States
FoundersBob and Harvey Weinstein
HeadquartersLos Angeles, California , United States
Key peopleBill Block ( CEO )
OwnersbeIN Media Group (51%), Paramount Pictures ( ViacomCBS ; 49%)
Number of employees100+
DivisionsMiramax Television, Miramax Family, Miramax Animation
Websitewww .miramax .com
Twitter@miramax
Facebookmiramax

ViacomCBS introduced Friday that it is taking a 49% risk in Miramax for $375 million. Miramax's present management team will continue in their existing roles, the firms stated. ViacomCBS' Paramount Pictures has additionally gotten in an exclusive, long-term circulation agreement for Miramax's movie library and an exclusive, long-lasting first-look agreement enabling Paramount to create, generate, finance and disperse new movie and tv tasks based on Miramax's IP.

At the time they revealed the offer in December, BeIN and ViacomCBS said they would also explore various other strategic partnership possibilities throughout content manufacturing and distribution, live events and leisure internationally.

Miramax is a distinguished international studio, in charge of several of one of the most iconic movies of the last three years, said ViacomCBS CEO Bob Bakish when the offer was first revealed. Miramax is owned by Qatar-based international media firm Media Group, which will maintain a 51% risk in Miramax. ViacomCBS said the financial investment will cause new manufacturing and co-financing opportunities in film and TV, in addition to new circulation chances. Under the regards to the offer, ViacomCBS will pay an upfront cash money settlement of $150 million, in addition to investing $45 million every year over the following 5 years for new movie and television manufacturings and working funding. The firm was later sold to Disney in 1993, with the Weinstein bros leaving to form the Weinstein Co. In 2005. The Weinstein Co. Declared bankruptcy in March 2018 after it fell short to find new customers or capitalists and ex-Chairman Harvey Weinstein was accused of sexual offense and transgression by a number of ladies.

Relevant Story 'She Said' Review: NYT Duo's Takedown Of Harvey Weinstein & Decades Of Hollywood Abuse Is A Fierce Read Within months of shutting the offer, Disney executives started to realize what they had created. Weinstein was making numerous millions in Disney money, investing greater than the studio itself, and the execs who apparently were managing him no longer had work. Then in time, Disney was flourishing and Weinstein was ablaze with amazing dreams. Wells was Disney's courtly elder statesman; on his death, Katzenberg let it be recognized that he had earned the right to be his successor, but Eisner and the board of directors vetoed that idea.

The scary slate of Scary Movie and Scream 3 was a box office hit. And Harvey had large desires: Leonardo DiCaprio and Daniel Day-Lewis would co-star in Gangs of New York.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

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* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Miramax (latest news)

Jason Statham is established to star in an action thriller called The Bee Keeper that Miramax has obtained in a seven-figure offer. The Bee Keeper is a lightning-paced thriller deeply steeped in the folklore of Bee Keeping. We're thrilled to bring another renowned and alluring movie to target markets around the world, said Block. Statham lately fired Miramax's Untitled Guy Ritchie Project also known as Five Eyes and starred in Ritchie and Miramax's Wrath of Man, which has made near to $104M at the international box workplace. Wimmer has written such films as the upcoming Children of the Corn, Salt, Point Break, Law Abiding Citizen, The Recruit and 1999's reboot of The Thomas Crown Affair.

Due date reports that the Hobbs and Shaw star has signed on to star in The Bee Keeper, a lightning-paced thriller soaked in the folklore of Bee Keeping adjusted from a spec script by Kurt Wimmer. Ritchie has also been a staple director for Miramax, with his film The Gentlemen making over $115 million worldwide. No launch date has been revealed for The Bee Keeper, but Miramax is presently eyeing a September 2022 begin day for the manufacturing, capturing on location in London and Atlanta.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Sources

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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