So the Weinsteins — thanks to the he help of American business magnate Ron Burkle and a coalition of lenders — bought back Miramax, the company they founded in 1979 named after their mom and dad Max and Miriam, from Disney (the corp who owns it), right?
Or at least they were close to doing so in mid-April. Maybe not so fast. There was a lot of back and forth in the press once the obligatory premature announcement was made, and now the LATimes is reporting that the deal has fallen apart.
Evidently it was close, Disney had hoped to get the agreement finalized by Friday, but apparently there were a few sticking points in the negotiations, including complications and concerns over “how Miramax would be integrated into the Weinsteins’ existing company, The Weinstein Co.”
A bit vague, yes? But it’s all probably business legalized and kinda zzzzz anyhow. Ah well. If you want to take a trip down memory lane, read our 10 Best Films of the Miramax era feature, or take a look at six left-over Miramax films that had to find a home (and many of them have now). Update: the one-upmanship continues, THR are now reporting that the negotiations are still on-going. The plot thickens…
