Miramax Name and Library Sold
Tue, 03 Aug 2010 11:07:38
Rob Lowe Videos
The Miramax name and film library has been sold to a group of investors, which includes actor Rob Lowe, for an estimated $660 million. Bobby Lowe, the entrepreneur, huh? Lowe's involvement stems from a media investment fund he started with Colony Capital investment firm head Tom Barrack. "The acquisition of a classic brand like Miramax is an exciting first step in my partnership with Tom Barrack and Colony Capital," said Lowe. "This represents an exciting new chapter for me."
New films included in the sale include the Jennifer Aniston-Jason Bateman rom com The Switch and the Guillermo del Toro's Don't Be Afraid of the Dark, which he produced.
I wonder how Harvey and Bob Weinstein, who started Miramax and named it after their parents, feel about their former company nowadays.
Do you have an opinion on this very business-y news?