BERGSTEIN CLAIMS HE WAS SHAFTED IN MIRAMAX DEAL

In the run-up to Disney’s sale of its Miramax division in December 2010, the leading contender in the bidding was referred to in the trade press as the Bergstein group, after film financier David Bergstein who had reportedly put together the consortium that turned out to be the winning bidder at $660 million. Now, in […]

MIRAMAX CHIEF QUITS

In a surprise announcement, Miramax CEO Mike Lang said today (Friday) that he is resigning. There had been no suggestion that Lang, who has held the post since new owners Filmyard Holdings purchased Miramax from Disney in 2010, was considering stepping down. In fact, he had been widely credited by numerous analysts with engineering numerous […]

TUTOR: DEAL STILL ON TO BUY MIRAMAX

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

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

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 […]

WEINSTEINS LOSE BACKER FOR MIRAMAX BID

Any thread of a chance that Bob and Harvey Weinstein might be able to buy back Miramax studio from Disney appears to have broken with a report from the New York Post that their principal backers, Fortress Investment Group, have pulled out of the negotiations. Citing a source with direct knowledge of the negotiations, the […]

IS MIRAMAX — AT LAST — SOLD?

The Walt Disney Co. has reached a tentative deal to sell Miramax Films to an investment group led by Ron Tutor (formerly referred to as an investment group led by David Bergstein), published reports said today (Friday). Tutor is a construction executive principally backed by Colony Capital. Today’s Los Angeles Times said that the group […]

ROB LOWE JOINS GROUP SEEKING TO BUY MIRAMAX

The group headed by Hollywood investor David Bergstein looking to buy Miramax from Disney has added a new player, actor Rob Lowe, the celebrity website TMZ reported on Wednesday, citing an executive familiar with the talks. Lowe, TMZ said, has ties to Tom Barrack’s Colony Capital, which is aligned with Bergstein in his bid for […]