beIN acquires US film studio Miramax
March 03, 2016 Television
Qatar’s beIN Media Group has acquired full ownership of Miramax, the Santa-Monica, California-based production studio behind critically acclaimed films Good Will Hunting and Pulp Fiction.
Selling shareholders include Qatar Investment Authority and Colony Capital.
According to a statement from the Doha-based broadcaster, Miramax will continue operating as an independent film and television studio.
Founded in 1979 by Bob and Harvey Weinstein, Miramax is best known for its extensive film library of over 700 titles which include Bridget Jones's Diary, the Scream film franchise, Kill Bill Vol. 1 & 2, and The Aviator.
Under the new ownership, Miramax will invest in and co-distribute several upcoming projects in both film and television, among them Bad Santa 2, Bridget Jones’s Baby, Southside With You, and The 9th Life of Louis Drax, as well as television show From Dusk Till Dawn: The Series.
Commenting on the transaction, Nasser Al-Khelaïfi, Chairman and Chief Executive Officer of beIN Media Group, said: “We are extremely excited to have achieved this key milestone within our strategy. Miramax is a successful film and television company, providing a strong and recognizable brand, a unique library and industry expertise that complement beIN Media Group’s plans to grow across the entertainment industry and develop new content production. As part of beIN Media Group, we will support Miramax in continuing to build this exciting platform. We very much look forward to working with the Miramax team.”
Steve Schoch, CEO of Miramax said: “This is an exciting time in the evolution of our company, and we are thrilled to be a part of beIN Media Group. Miramax’s growing 2016 slate is a testament to the incredible work of the team thus far to build on the proud Miramax legacy. In concert with beIN leadership, we look forward to further expanding our film and television output, broadening our distribution capabilities and fortifying our position as the premiere independent studio brand.”
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