Miramax and The Weinstein Company (TWC) have secured a multi-year, multi-title film, television and live stage co-production and co-distribution partnership.
Content will come from library and original development projects sourced from the Miramax library.
TWC will distribute in the US and Miramax will license international rights. The parties anticipate the first productions to start in early to mid-2014.
According to a joint press release, projects “could include derivative works of some of the most recognized titles in the Miramax library from Swingers to Shakespeare In Love in addition to new titles currently in development.”
The partnership includes development of TV series based on Miramax titles such as Good Will Hunting and Flirting With Disaster.
Several Miramax projects are in development that were set up with other partners prior to the TWC deal. Miramax is preparing TV series based on Robert Rodriguez’s From Dusk Till Dawn, James Mangold’s Copland and Martin Scorsese’s Gangs Of New York. Miramax and Sony’s Screen Gems recently wrapped production on Jeremy Garelick’s The Wedding Ringer.
Harvey and Bob Weinstein established Miramax in 1979 and sold it to Disney in 1993 before they were forced to leave it with the studio in 2005 and left to set up The Weinstein Company. Qatar Holding, a subsidiary of Qatar Investment Authority, and the investor group led by Thomas J Barrack Jr’s Colony Capital acquired Miramax from Disney in 2010.
“By securing an agreement between Miramax and The Weinstein Company, the deal brings together two of the best-known names in the film industry to provide a dynamic partnership which will take Miramax to the next stage in its journey,” said Qatar Holding.
“The iconic library they created has enabled us to capture the value of the digital distribution revolution and harvest revenue far greater than we ever imagined,” said Barrack Jr, Colony Capital founder, chairman and CEO and Miramax board chairman.
“Reuniting Harvey and Bob with the acres of cinematic diamonds that is the Miramax library, and combining the two companies’ powerful distribution capabilities, will create an unparalleled partnership in cinematic excellence.”
“This is an amazing opportunity to reunite us with the company named after our parents Miriam and Max,” said the Weinsteins. “We salute Qatar Holding and Tom Barrack of Colony Capital for joining forces in this most exciting of endeavors.”