Miramax seals content development, distribution deal with original founders
Editor | 17-12-2013
The Weinstein Company (TWC) has concluded a multi-year, multi-title film, TV and live stage co-production and co-distribution agreement with Miramax, the company founded by Harvey and Bob Weinstein in 1979.
Owned since 2010 by Qatar Holding, together with an investor group led by Colony Capital, Miramax says that the multi-year deal is the next important step in its commitment to creating new, original content, supporting what it claims is its “return to prominence as a major supplier of smart, provocative, quality entertainment”.
The deal involves library-derived and original development projects covering what Miramax says are some of its most iconic titles. It also includes the development of several TV series based on Miramax titles such as Good Will Hunting and Flirting with Disaster. Miramax will lead international distribution, teaming with TWC in the US. Films created under this partnership will also be released in the US by TWC and sold in the international marketplace by Miramax. Miramax and TWC anticipate the first productions will start in early to mid- 2014.
In a statement commenting on the deal, Qatar Holding said that it fully supports what it called an exciting development for Miramax, as part of a long-term strategy to further enhance the value in the company’s catalogue of material, providing “a dynamic partnership which will take Miramax to the next stage in its journey.” “Reuniting Harvey and Bob with the acres of cinematic diamonds that is the Miramax library, and combining the two companies’ powerful distribution capabilities, will create an unparalleled partnership in cinematic excellence,” added Thomas J Barrack Jr, founder, chairman and CEO of Colony Capital.
For their part, the Weinstein brothers said: “This is an amazing opportunity to reunite us with the company ... From movies to TV shows to the Broadway stage they have reinvigorated Miramax productions and to have the Miramax banner fly once again is a dream come true for all of us.”