Fortress Backing Bid For Movie Studio Miramax

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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...