BREAKING The Weinstein boys are back at Miramax. Colony Capital principal Tom Barrack Jr and The Weinstein Company co-chairmen Harvey and Bob Weinstein have set an alliance that will exploit the creative properties in the library that the brothers left behind when they exited Disney. The deal will span 20 years and multiple titles for films, TV series and live stage productions. Qatar Holding and Miramax will finance these, with TWC steering development and distributing domestically while Miramax distributes internationally. Qatar Holding and Colony Capital bought the Miramax library in 2010 for around $660 million.
They’ve been successful librarians, but now Colony Capital needs the talent relationships and development expertise of the Weinsteins to become content generators. “Sure, we own the intellectual property in the library, and most of the intellectual properties in development, but we didn’t have the art form. If I called Quentin Tarantino and said, I have a great idea how to do a Pulp Fiction TV series, chances are it would be a very short conversation,” Barrack told me. “The ability to take all these threads and sew them into a tapestry, is really the magic elixir. We’ve all decided it’s time for a quantum leap and that’s why we’re all together.” Read More »
Related: Richard Nanula Takes Leave Of Absence From Miramax & Colony Capital After Sex Scandal
This week’s sudden leave of absence for personal reasons isn’t the only sex related problem for Richard Nanula and Colony Capital. The former Walt Disney Company exec and the investment firm were charged with sexual harassment in a suit (read it here) filed earlier this year by a former paralegal. “On or about January 30, 2012, Plaintiff was subjected to inappropriate workplace conduct. Plaintiff was engaged in a conversation with her colleague, K.C. Brooks, when she felt someone squeeze and grope her buttocks. This touching was unwelcome, extreme, and offensive. When she turned around Plaintiff observed Defendant Nanula walking away, and then heard him say, ‘uh-oh.’ Plaintiff immediately felt shocked, humiliated and demoralized by Defendant Nanula’s conduct. At first she attempted to refocus on her conversation with Ms. Brooks, however, she was too upset to continue the conversation and returned to her desk,” alleges the eight-claim complaint from Stephanie Shaw. Filed on January 30, 2013 in LA Superior Court, the complaint goes on to detail how Shaw attempted to have the situation addressed by Colony, how she suffered emotional distress from the groping and other incidents and how she was let go on April 24, 2012 after less than a year at the company. Besides the sexual harassment … Read More »
BREAKING… EXCLUSIVE… UPDATE: Few Hollywood business executives have as distinguished a record of success as Richard Nanula. Now Deadline has learned from Colony Capital that the former Walt Disney Company SEVP/CFO has taken an unexpected leave of absence for personal reasons from the investment firm where he is a Principal and Miramax, where he actively manages that entertainment banner’s strategy. There is no return date pending, which indicates his future with both companies is being left open. Nanula is now the second major movie/TV executive this year alleged to have crossed the line between personal and professional behavior because of a private sex scandal. In March, Hearst Entertainment & Syndication President Scott Sassa left after his company became aware of an extortion plot and sexting scandal involving a stripper. Nanula’s surprise leave of absence comes nearly two weeks after Deadline began receiving tips that TheDirty.com was identifying Nanula in online photos having sex with a porn star. That post now appears to have been removed by the website. But Deadline learned that another website, GenesisOnline, re-posted the story and screen shots under the headline Ex Disney Exec Shoots a Porno with Wicked Contract Girl Samantha Saint on June 18th and made allegations it had related “old texts” involving Nanula. (Deadline did not write about the online stories at the time because it doesn’t post about personal lives.)
Nanula received recognition when … Read More »
Remember when Mike Lang came to Cannes with Rob Lowe to tout Miramax Films’ aspirations to freshen and expand the film library with new projects culled from the script arsenal they bought along with 700 titles in the $663 million Disney deal? The company, run by former Disney exec Richard Nanula for Colony Capital principal Tom Barrack, has lately been as quiet as you’d expect a library management company to be, especially since Lang got his walking papers (except for its unsuccessful run at Lionsgate). They’ve just announced two executive promotions, which was useful for me because I’d completely forgotten the company existed. Here’s the announcement:
SANTA MONICA, CA – January 8, 2013 – Miramax, the independent studio with a
renowned library of critically acclaimed films, today announced that Joe Patrick
has been named executive vice president, Worldwide Television, and Beth Minehart
has been named executive vice president, Global Digital, reporting to Miramax
interim CEO Steve Schoch. Minehart will remain responsible for all digital
initiatives and sales across the company, and Patrick will remain responsible
for all television sales and initiatives across the company.
“Miramax’s global sales organization has grown our distribution to more than 125
countries through both new and traditional platforms, and Joe and Beth have been
at the forefront of this expansion,” said Schoch. “They have also been a
driving force in further leveraging the strength of the Miramax sales group,
offering distribution in the worldwide marketplace to other highly regarded
content owners. We are very pleased
… Read More »
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.
Read More »
Exclusive: The Film Department Shutters
LOS ANGELES, CA — Former Miramax Films and Warner Independent president Mark Gill has been named President of Millennium Films. The company plans to produce and finance five to eight star-driven, wide-release films per year with budgets between $20 and $80 million.
Gill will work closely with Nu Image/Millennium Films toppers Avi Lerner and Trevor Short and development head Boaz Davidson, starting in July, with particular focus on development, packaging, production and marketing.
Gill has 25 years of film business experience and a production track record of more than $1 billion at the box office.
Read More »
Miramax Films chief Mike Lang came into Cannes determined to dispel the notion that his backers handed $660 million over to Disney simply to manage a film library. Lang met me at the Majestic Friday alongside Rob Lowe, the strategic advisor and an investor in the Miramax deal, one of several he and Colony Capital’s Tom Barrack are planning. Lowe has taken an active hand in poring over a trove of screenplays left behind by Harvey and Bob Weinstein when they exited Disney to form The Weinstein Company. Lowe and Lang feel that the best of those scripts—50-75 of 650 are make-able. Fresh productions, coupled with a plan to soon hire an executive to spearhead film acquisitions and development, positions Miramax to make a content play that Lang and Lowe said will replenish the library and keep it viable.
Describing the process of poring over projects that Disney didn’t seem to care about after the Weinsteins left, Lowe said it was “a lot like that final scene in Raiders of the Lost Ark, the warehouse with all those crates stacked up. Boxes and boxes of scripts and material, none of it catalogued. We’d get five from the bottom of a box, and find a script by Anthony Minghella that he and Sydney Pollack were working on before they died. It’s called The Ninth Life of Louis Drax, it’s a great script, and if it was good enough for Minghella and … Read More »
Larry Angrisani has been appointed senior vice president of World Marketing and Publicity for Graham King’s GK Films. He’ll be responsible for campaigns for TV, film and new media, based out of GK’s Santa Monica offices. Angrisani spent 7 years at Miramax Films, where he was senior veep of International Publicity and Awards. Angrisani brings Joelle Benazra, who was International Publicity Manager at Miramax and will take the same job at GK.
Since Miramax got out of the release business, Angrisani spearheaded the Golden Globe campaign for Disney’s Alice in Wonderland, consulted for the Cinequest Film Festival and was an awards strategist for USA Network. At Miramax, he worked on international campaigns for films that included There Will Be Blood, Gone Baby Gone, No Country for Old Men and The Queen, among others. “After working on so many quality films and with an extensive list of accolades to his credit, Larry will bring a creative energy to the company as we continue to grow our brand,” King said.
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 and CFO from the usual roster of experienced movie executives. Barrack has said frequently that Miramax didn’t want to end up hiring someone who’ll use distribution as an “excuse” to go into production. “Because that would be disastrous.”
The Walt Disney Co’s sale of Miramax Films to Filmyard Holdings for $663 million — subject to certain adjustments — has been completed, it was announced today by both companies. The actual owners are construction magnate Ron Tutor and Tom Barrack’s Santa Monica-based Colony Capital (led by former Disney CFO Richard Nanula), and Qatar Holding. The deal includes rights in over 700 film titles, including Academy Award winners Chicago, Shakespeare in Love and No Country for Old Men. Also included are non-film assets, such as certain books, development projects and the “Miramax” name.
Back on January 27th, Deadline was first to tell you that the Weinstein Brothers who founded Miramax in 1979 were trying to buy back the Miramax name, because it’s based on their parents’ first names – Max and Miriam. The bros sold Miramax to Disney in 1993, but left behind the name and the library when they walked away because of a money feud with Michael Eisner and started the The Weinstein Company in 2005. Soon even more potential buyers began kicking the tires and the Weinsteins were in a fierce bidding battle with richer rivals. But then negotiations with the Weinsteins became exclusive, only to fall through.
Then, on January 27th, I was the first to tell you that construction magnate Ron Tutor and Tom Barrack’s Santa Monica-based Colony Capital led by former Disney CFO Richard Nanula had joined together to negotiate the acquisition of Miramax from Disney. And so that deal finally gets done today after so many frustrating and … Read More »