Wednesday, July 17, 2019

DAMNING COURT REPORT ON BERGSTEIN RESEALED — TOO LATE

April 13, 2011 by · Leave a Comment 

In a case of what amounts to closing the barn door after the horse is gone, a federal bankruptcy judge has resealed a 374-page report by a court-appointed trustee on the business practices of film executive David Bergstein and his associate Ronald Tutor after the news media had already gotten their hands on it. Reports […]

GOOGLE’S YOUTUBE VYING FOR MIRAMAX LIBRARY

November 24, 2010 by · Leave a Comment 

In an apparent effort to maintain its lead as the Internet’s top video site, Google-owned YouTube is reportedly in talks with the new owners of Miramax about acquiring online rights to its sizable movie library. According to the Wall Street Journal, the 700-film library could be used not only to bolster YouTube’s paid rental store […]

TUTOR: DEAL STILL ON TO BUY MIRAMAX

September 3, 2010 by · Leave a Comment 

Ron Tutor and his Colony Capital on Thursday attempted to shoot down numerous reports suggesting his $660-million deal to buy Miramax from Disney may have encountered a hitch with the departure of James Robinson from his investors group. Robinson was expected to contribute $100-150 million to the purchase. “All of the equity required to complete […]

NEW HITCH IN MIRAMAX SALE

September 2, 2010 by · Leave a Comment 

Two principal investors in the deal to buy Miramax from Disney have pulled out, leaving the remaining two principals, construction magnate Ron Tutor and private equity firm Colony Capital, with the choice of either putting up all of the $660 million purchase price or bringing in other investors, the Los Angeles Times reported today (Thursday). […]

DISNEY FINALLY SELLS MIRAMAX

July 30, 2010 by · Leave a Comment 

It’s finally a done deal — Walt Disney’s sale of Miramax to an investors group led by construction magnate Ron Tutor, that is. The group, which includes real-estate firm Colony Capital, gave itself a new name, Filmyard Holdings, as it joined Disney in announcing the $660-million deal. Significantly, each side referred only to the Miramax […]

TUTOR PUTS UP $40 MILLION; MIRAMAX DEAL SHOULD CLOSE SOON

July 29, 2010 by · Leave a Comment 

Responding to a put-up-or-shut-up demand by Disney, construction magnate Ron Tutor and his partners on Wednesday agreed to pay Disney a nonrefundable $40 million as a down-payment on their reported $675-million deal to buy Miramax. Several analysts indicated that the deal could be completed today (Thursday) or on Friday.

MIRAMAX BIDDER MUST PUT UP $40 MILLION BY WEDNESDAY

July 27, 2010 by · Leave a Comment 

With questions still up in the air over whether a group headed by construction magnate Ron Tutor will actually be able to come up with the $675-700 million that it reportedly has offered the Walt Disney Co. to buy Miramax, Disney has demanded that the group make a nonrefundable $40-million down-payment on the deal by […]

HOPE RISES FOR WEINSTEINS IN MIRAMAX SALE

July 26, 2010 by · Leave a Comment 

Fortress Investments has forcefully denied a New York Post report that it has cut its ties with Bob and Harvey Weinstein and is pulling out of the deal to buy Miramax from Disney. In a statement issued on Saturday, a day after the Post‘s article appeared (but dated Friday), Fortress called the report “patently false” […]

TUTOR CLAIMS “THR” MISQUOTED HIM

July 13, 2010 by · Leave a Comment 

Construction magnate Ron Tutor, who is leading the group buying Miramax from Disney claims he was misquoted in a Hollywood Reporter report about his relationship with controversial investor David Bergstein. The report, written by veteran showbiz reporter Alex Ben Block, had quoted Tutor as saying that Bergstein would play no role in the new Miramax […]

BERGSTEIN OUT OF MIRAMAX DEAL

July 12, 2010 by · Leave a Comment 

Construction magnate Ron Tutor, who is heading a group that has agreed to purchase Miramax Films from the Walt Disney Co. for more than $650 million, has told the Hollywood Reporter that David Bergstein, who was reportedly spearheading the deal, will play no role in the new Miramax. While calling Bergstein “very charming,” he went […]