Monday, 22 December 2014
Last updated 19 min ago
Apr 21 2010 | 2:24am ET
Miramax Films may soon be back in the hands of its founders, with an assist from Fortress Investment Group.
The New York-based alternative investments giant is reportedly backing a $625 million bid for the studio from Bob and Harvey Weinstein, who founded the company in 1978 and sold it to Disney in 1993.
The duo, who left Miramax in 2005 to found another studio, the Weinstein Co., are in exclusive talks with Disney about reacquiring the studio and its back catalog, including such classics as “Pulp Fiction,” “The English Patient” and “Good Will Hunting.”
Disney has all but shut down new production at the studio, last year announcing plans to cut 70% of its staff and move Miramax from New York to Burbank, Calif.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.