The Qatar company buys 100% of Miramax studio shares
Thursday morning USA Today announced that beIN Media Group bought Miramax studios shares and was a new owner. Santa-Monica based studio had a deal with the Qatar company that bought shares of Colony Company and Qatar Investment Authority.
Miramax studios representatives stated that this is an evolutional step for the company, and together with new partners, they achieve so much more. The beIN Media Group spokesperson said that Miramax studio is a successful and promising investment and they hope for long-term cooperation. Two brothers Bob and Harvey Weinstein established Miramax studio in 1979. In 1993, Walt Disney Co. purchased it for $60 million and seven years later sold the studio to a group of depositors driven by Colony Capital for $660 million.
The studio’s imminent releases cover sequels "Bridget Jones’s Baby" and "Bad Santa 2", along with the TV show "From Dusk Till Dawn: The Series". Miramax also produced such Oscar-winning classics as "Chicago", "Pulp Fiction" and "The English Patient". The cost of the deal wasn't revealed.
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