Arab Today, arab today miramax sold to qatarbased bein
Last Updated : GMT 12:02:44
Arab Today, arab today
Arab Today, arab today

Miramax sold to Qatar-based beIN

Arab Today, arab today

Arab Today, arab today Miramax sold to Qatar-based beIN

Nasser Al-Khelaifi, chairman and CEO of beIN
Los Angeles - AFP

Miramax, the film studio behind hundreds of hit movies including "Pulp Fiction" and "Chicago," has been sold to the Doha-based beIN Media Group, the companies announced on Wednesday.

BeIN, which runs sports networks and movie channels in 24 countries in the Middle East, North Africa, Europe and the US, said Miramax would continue to operate as an independent film and television studio under its new owners.

"We are extremely excited to have achieved this key milestone within our strategy," said Nasser Al-Khelaifi, chairman and CEO of beIN Media Group.

Miramax's back catalogue of more than 700 movies have won a total of 68 Oscars, including for "The English Patient," "Shakespeare in Love," and "No Country for Old Men."

The company was founded in 1979 by Harvey and Bob Weinstein, who sold it on to the Walt Disney Company for $60 million in 1993.

It was bought for more than 10 times that amount in 2010 by an investor group led by real estate magnate Ron Tutor, private equity firm Colony Capital and the Qatar Investment Authority, although Tutor later sold his stake to the Qataris.

Colony and Qatar had reportedly been looking to offload the company with its library for at least a year, although no investor came in for the $1 billion asking price.

Financial terms of the deal announced on Wednesday were not disclosed.

In 2016, Miramax has invested or will be investing and co-distributing a number of titles including "Bad Santa 2," "Bridget Jones's Baby," "Southside with You," "The 9th Life of Louis Drax" and the TV show "From Dusk Till Dawn: The Series," based on the film of the same name.

Last year, the company's slate included "Mr. Holmes" and the comedy hit "The Wedding Ringer."

"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," said Al-Khelaifi.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today miramax sold to qatarbased bein Arab Today, arab today miramax sold to qatarbased bein

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today miramax sold to qatarbased bein Arab Today, arab today miramax sold to qatarbased bein

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Media: فضائيات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday