UPDATE: No Miramax-Weinstein Merger; Miramax Revving TV/Film Production: Joint Ventures Planned With Starz, Weinsteins, Others; ‘Copland’ Reboot As Starz TV Show

UPDATE SATURDAY 2:30 AM: Ignore those media stories claiming Miramax and The Weinstein Co are in talks for a potential merger. Even while on vacation I can tell you definitively they’re overblown. I’ve learned a merger is impossible because of The Weinstein Co‘s structure. As I first reported Friday, what is true is that Colony Capital/Miramax chief Tom Barrack and Harvey Weinstein just spent time in St Tropez conferring about ways to work together because of lots of joint venture opportunities. Such co-productions would give Harvey access to his most coveted projects from his Miramax heyday which is why he wanted to buy it back from Disney in 2010. The Weinstein Co and others are courting Miramax because its cash flow will exceed $160 million this year. “So all of the production groups would like to plug into this free cash flow with their development pipeline,” my insider said Friday.

EXCLUSIVE … FRIDAY 1 PM: Hollywood needs more production and financing right now. So the good news is that Miramax is about to become a movie/TV player ”big time” under Colony Capital chief Tom Barrack’s direct oversight following Richard Nanula’s exit. “There will be some big announcements in the next 60 days of productions and joint ventures,” one of my sources says. I’ve learned that first up is this project: Miramax and Starz have agreed to develop and cofinance a one-hour TV series based on the critically well-received 1997 Miramax film CoplandThe pic’s scripter-director James Mangold is executive producing the TV show with Cathy Konrad and Adam Fields. Mangold and Bryan Goluboff (The Basketball Diaries, 2008′s In Treatment) are writing the pilot. Read More »

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Tom Barrack Named Chairman At Miramax; Richard Nanula Officially Resigns

By | Monday July 8, 2013 @ 8:16am PDT

Related:
More Trouble For Colony Capital’s Richard Nanula
Nanula Takes Leave Of Absence From Miramax And Colony After Sex Scandal

SANTA MONICA, July 8, 2013 – Global film and television studio Miramax announced today that Thomas J. Barrack,

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Richard Nanula Takes Leave Of Absence From Miramax And Colony Capital After Sex Scandal

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 … Read More »

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Miramax’s Colony Capital Goes After Summit

EXCLUSIVE: It escaped almost everybody’s notice that Colony Capital’s Tom Barrack and his buddy and business associate Rob Lowe attended the November 14th premiere of Twilight Saga: Breaking Dawn Part 1. There appeared no reason for the pair to be … Read More »

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Miramax Raising $550M With $142M For Dividend To Colony Capital: Bloomberg

The studio had already said in October that it wants to refinance much of the debt taken on last December when investor Ron Tutor, and Tom Barrack’s Colony Capital, paid Disney $660M for Miramax. We just didn’t know how … Read More »

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CANNES: Miramax Plots Content Play Through Acquisitions And Inherited Scripts By The Likes Of Anthony Minghella And Stephen Colbert

Mike Fleming

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 … Read More »

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Rob Lowe Signs Up For A ‘Knife Fight’

By | Thursday May 12, 2011 @ 10:14am PDT
Mike Fleming

EXCLUSIVE: Just as Rob Lowe’s autobiography Stories I Only Tell My Friends makes its debut this weekend at #3 on The New York Times Bestseller Lists, he has signed on to star in Knife Fight, a Bill Guttentag film that … Read More »

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TOLDJA! Miramax Formalizes New CEO Hire

Mike Fleming

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 … Read More »

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It’s Official: Disney Seals Sale of Miramax

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 … Read More »

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Lagging Miramax Deal Delays Two Films

EXCLUSIVE: I’m told that Miramax transaction between owner Disney and soon-to-be new owners, construction magnate Ron Tutor and Tom Barrack’s Santa Monica-based Colony Capital (led by former Disney CFO Richard Nanula), won’t be finalized until the end of the year or soon … Read More »

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TOLDJA! Done Deal: Disney Sells Miramax To Ron Tutor & Colony Capital For $660M

Miramax Deal “95%” Done
Colony Capital Now Leading Ron Tutor’s Miramax Negotiations

Back on July 8th I was the first to tell you … Read More »

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Former Disney CFO Richard Nanula Now Leading Ron Tutor’s Miramax Negotiations; “Bullet Train” Deal Could Close In A Week; Disney May Get Its $700M Asking Price; Harvey Weinstein Threatening Lawsuit

miramax_logo_blackEXCLUSIVE – UPDATED FROM 8:30 AM: Forget the bizarre involvement of David Bergstein, and Morgan Creek’s James Robinson, and even Rob Lowe. (I know, I know… I’ve learned Lowe may pull in Arnold Schwarzenegger post-November.) More on them in a minute. But they’re just the side show. Instead, I can report that, 5 days ago, Santa Monica-based Colony Capital, the private international investment firm which currently has $30 billion of assets under its management, was brought in by construction magnate Ron Tutor to help him buy Miramax from Disney. The reason? Because two years ago, Colony Capital president Tom Barrack hired 12-year Disney popular executive and former CFO Richard Nanula who’s now leading the Tutor negotiations with the Mouse House point man on the Miramax sale, Kevin Mayer, who’s EVP for Disney’s Corporate Strategy in the Business Development and Technology Group.

So, for the past five days, Nanula has organized a team of “25 guys working on it 24 hours a day” to get the deal done “like a bullet train”, I’ve learned — maybe as soon as next week. My insiders tell me that Disney could get very near to the $700 million price it’s recently wanted for Miramax — a big raise from the $625M, maybe even $650M max, which the Weinstein brothers/Ron Burkle/Fortress-Colbeck partnership seemed ready to pay until talks broke down. The reason is that Nanula and his team have now confirmed from due diligence that Miramax is sitting on a lot of cash, as much as $300M in receivables. That’s more than even the Weinstein partnership told me was out there.

Meanwhile, I’ve learned that Harvey is a Barrack pal, and the Weinstein bro is spitting mad that Tutor now looks to snag Miramax with Colony Capital’s help. “Harvey is very agitated,” an insider tells me. “He’s threatening litigation everywhere.” That’s vintage Harv: when he loses, he sues. Of course, the Weinstein brothers wanted to reclaim their former company because of its sentimental value: it’s named after their parents, Miriam and Max. To that end, I’ve previously reported how Harvey privately is warning to screw over anyone even thinking of buying Miramax. Under their exit deal in 2005, the Weinstein bros were able to retain a hold over sequel or reboot rights to films like Scream, Spy Kids and some other Dimension titles. Harv, in his inimitable way, has said he’ll do what he can to make developing those projects a nightmare.

Because the Tutor group has signed a non-disclosure agreement and entered into an exclusive negotiating period with Disney, no one is publicly commenting on anything. From Disney’s POV, it’s “still negotiating” with the Tutor group. But its comfort level has vastly improved now that Nanula has taken charge. The Harvard alum was the youngest CFO of a Fortune 500 company when he took the fiscal reins of the $22B corporation. He left in 1998 to become president and CEO of Starwood Hotels & Resorts to work for his best friend Barry Sternlicht. Then Barrack snatched him up 2 years ago. Barrack, too, has tangential Disney ties. He worked with Robert Bass, one of the Texas billionaire Bass brothers whose 1983 investment rescued the Hollywood studio.

Meanwhile, on Nanula’s team is also Justin Chang whom Barrack hired in April as a principal responsible for extending the Colony brand into complementary areas. Chang most recently served as a partner of TPG Capital, the international private investment firm which took a bath on MGM.

I’ve learned that Tutor first approached Barrack last week “because he was queasy about the existing guys he had,” an insider tells me. “especially about David and the baggage he brings.” Before Tutor brought in Colony Capital, he was being advised by two of Hollywood’s most controversial and disliked figures: not just troubled film financier/distributor David Bergstein, whose film companies this year were placed in involuntary bankruptcy; but also his good friend, Morgan Creek’s James Robinson whose company has a mediocre track record. I understand that both men are being pushed aside now. Read More »

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Colony Capital Plans $500M Media Fund

By | Thursday July 1, 2010 @ 10:09am PDT

I’ve confirmed that Tom Barrack, president of California-based Colony Capital, is putting together a $500M media fund with of all people TV star Rob Lowe and a couple of other investors. Barrack, whose real estate investment firm co-owns Michael Jackson’s Neverland ranch and stepped in to bail out photographer Annie … Read More »

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