The studio which was founded by Bob and Harvey Weinstein in 1979, was a top independent movie distribution and production company until 1993, when Disney took over. The sad thing is that there are six movies in the pipeline waiting distribution and with a decision to close a company such as Miramax, the films will be shelved for the time being as a result of it.
Apparently, The Weinstein’s have tried to buy the name back and Disney’s response to that is, they would sell it for 1.5 Billion dollars. Click here to see Miramax Films and projects.
I guess we can all rest assure that it isn’t just the real world experiencing the economic pinch.