Miramax mulls launch of pay TV channels
22 Jul 11 -

Hollywood film producer Miramax is eyeing the launch of a number of international cable networks as it looks to expand its global business.

The studio, which produced films including No Country for Old Men, Pulp Fiction and Scream, is attending the MIPCOM television market for the first time and announced it was part of a plan to eventually launch branded cable channels.

"Our key initiatives will include the ongoing expansion of our international television and digital sales efforts, development of both distinctive film as well as television programming and our hope to ultimately launch Miramax-branded cable channels as we seek to reach new audiences," said Miramax chief executive Mike Lang. 

Miramax was acquired by Filmyard Holdings, which is owned by Ron Tutor and Colony Capital, from Disney in July 2010 for US$660 million (€462 million).