Breaking news! The Weinstein Brothers — who seemingly couldn’t rub two nickles together late last year — bought their namesake back, Miramax, the company they founded in 1979 named after their mom and dad Max and Miriam.
The Weinsteins, the craftiest bunch in the biz, scraped up — via the help of American business magnate Ron Burkle and a coalition of lenders — $600 million in change to regain operating control of the company.
Or wait, did they. Even THR says, Disney lawyers (the corp who owns Miramax) apparently were still going over the financial details and said, “No deal has been reached.”
So why are THR calling in an exclusive? Deadline, who loves to chestpuff when they can, spoke to Disney and reiterated the Reporter’s same sentiment, “No [Miramax] deal is done and reports to the contrary are false.”
In other words, a deal is on the table, but remains to be complete and could still fall through. Oy vey! Call this one a development to keep an eye on.