It may have taken a while, but the deal is officially finalized. Disney has announced that they have sold Miramax Films to Filmyard Holdings LLC and its partners Ron Tutor and Tom Barrack. Miramax sold for $660 million.
Disney President and CEO Bob Iger said about the sale:
Although we are very proud of Miramax’s many accomplishments, our current strategy for Walt Disney Studios is to focus on the development of great motion pictures under the Disney, Pixar and Marvel brands. We are delighted that we have found a home for the Miramax brand and Miramax’s very highly regarded motion picture library.
While Ron added:
I am delighted and honored to acquire the Miramax library. On behalf of my partners Tom Barrack and Colony Capital, we look forward to sharing this high quality content with the world in every form of media for many years to come.
We’re interested to see what the future holds for Miramax!
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