Richard Nanula, chairman of Miramax and a principal at Colony Capital, said, “We are very proud of what Miramax has accomplished in such a short period of time. Mike has built a team of dedicated professionals, and they’ve worked together to create tremendous value. Miramax has established partnerships with leading distributors and with promising emerging platforms, with many more to come. The value of the Miramax film library and its iconic underlying brand is clear and the future is bright. We thank Mike for all of his hard work and we wish him well as he looks at future endeavors.”
Mr. Lang said: “I’ve enjoyed my time at Miramax. The company has a great team, and I remain highly supportive of Miramax and its opportunities ahead. I wish the team continued success.”
Steve Schoch, Miramax CFO, will serve as interim CEO until a new, permanent CEO is named.
UPDATE: Miramax’s Mike Lang and Netflix’s Ted Sarandos Talk Shop; Netflix Adds ‘Lilyhammer’ To TV Lineup
MIPCOM UPDATE: The video of Miramax CEO Mike Lang’s keynote at the Media Mastermind kickoff today is below, including his chat with Neflix’s Ted Sarandos. The two companies have recently partnered up on the digital side, and the studio is in town to drum up worldwide sales for its content in both film and TV.
PREVIOUS: Ted Sarandos, chief content officer of Netflix, announced in Cannes this afternoon that Netflix is adding Norwegian-produced TV show Lilyhammer to its original programming lineup. Stevie Van Zandt — who so memorably played mob consigliore Silvio Dante in The Sopranos — plays a Mafioso who testified against his former boss in New York and winds up relocated to the Norwegian countryside as part of the Witness Protection Program. Lilyhammer will premiere on Netflix in early 2012, with Netflix acquiring the 8 episodes from the show’s first season as well as the upcoming 8-episode second season. Sarandos, who was being interviewed by Miramax CEO Mike Lang, said that 60% of viewing on Netflix’s newly separated streaming business is for TV episodes, with Mad Men and Breaking Bad being most popular. Deadline understands that Netflix, which is on the hunt for original programming, has also had talks about reviving Arrested Development with 20th Century Fox TV. Netflix surprised Hollywood in March by outbidding major TV networks for the rights to the David Fincher/Kevin Spacey drama House Of Cards.
Lang, meanwhile, said that Miramax is talking to potential partners around the world about the distributor having its own cable network showing the 700 movies in its archives. Miramax signed a long-term deal for its content with Netflix in May, and is partnering with Facebook to launch Miramax Experience, an app that will allow users worldwide to watch its movies. Lang was keen to talk up how Miramax is reinventing itself as an anytime, anywhere distributor. “In a way I’d like to believe our company is a bit more Silicon Valley than Hollywood in that respect,” he said.
Thousands of TV executives from around the world are en route to Cannes for the annual MIPCOM market, which starts on Monday. The great majority of them, who are flying into the nearby Nice airport, were greeted by a group of Pan Am stewardesses — a promotion for the new …
Miramax Films, which made a deal with Netflix for its library titles in May, announced that its films will now be available in Latin America through the streaming service. We know that Netflix is also bracing for a UK launch, after Lionsgate UK made a streaming deal for its library titles to be shown there through Netflix. That deal was brokered last month.
SANTA MONICA, CA – September 6, 2011 – Miramax announced today that hundreds of its film titles will become available digitally in international markets for the first time under a multi-year agreement with Netflix. The announcement was made by Miramax CEO Mike Lang.
Beginning this month, Netflix members in Latin American territories including Mexico, Brazil, and Argentina will be able to instantly watch more than 140 Miramax movies, with dozens of titles being added on a rotating basis. The movies can be watched on multiple platforms, including TV, tablet, PC and mobile phones. Financial terms of the deal are not being disclosed.
In the first of what will be multiple co-productions between The Weinstein Company and Miramax on sequels of films that the Weinsteins produced at their old haunt, Dimension Films and Miramax are teaming on the production of The Amityville Horror: The Lost Tapes. The film is based on a script by Casey La Scala and Daniel Farrands, who will direct a film that will shoot this summer for release Jan. 27, 2012. The deal was announced today by TWC co-chairman Bob Weinstein and Miramax CEO Mike Lang.
As expected, former News Corp exec Mike Lang was named CEO of the new Miramax Films now owned by construction magnate Ron Tutor and Tom Barrack’s Santa Monica-based Colony Capital (led by former Disney CFO Richard Nanula), and Qatar Holding. Colony Capital’s Nanula will be the key person picking a CEO …