The Weinsteins earned a lot of money and a reputation bordering on legendary. Miramax came to prominence the following year with 'sex, lies and videotape,' which set a record for grosses by an independent release at $23 million that was not broken until 'The Crying Game' caught on this year on its way to grossing nearly $60 million. This is the very company that launched Quentin Tarantino's career as a director, producing the above mentioned Pulp Fiction as well as Reservoir Dogs, Kill Bill and Jackie Brown. The Weinsteins, who are based in New York, were in Hollywood negotiating the final points of a separation agreement from Disney, which had acquired their film studio in 1993 for $80 million. With it, Paramount gained worldwide distribution rights to its library and will invest in new titles based on Miramax IP. But Miramax's expansion delivered mixed results, causing resentment at Disney's headquarters in Burbank as other divisions were cutting back, according to current and former Disney executives.
"It should never have reached the level of acrimony and bitterness that it did," said Hal Vogel, a media analyst who has followed the careers of both parties. That year, Miramax laid off 15 percent of its staff, the first layoffs in its history, and closed Talk magazine. The affected section should have read: "The story behind the Disney-Miramax breakup, on one level, is about money and ego. Acquisition of 21st Century Fox by Disney, "Disneyland Tabs $2.29 Per Capita; See Small Net First Yr", "Disneyland Draws 4,200,000; Parent Firm Buys More Stock", "The Wonderful World of Disney's Other Firm : Entertainment: Walt Disney created a separate company for his family. They have released such Oscar-winning and Oscar-nominated films as My Left Foot, The Crying Game, The Piano, Pulp Fiction, The English Patient, Good Will Hunting, Shakespeare in Love, The Cider House Rules, Chicago, Gangs of New York, The Hours, Cold Mountain, The Aviator, No Country for Old Men and There Will Be Blood.
Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. And during the next several hours -- without tantrums, threats or the glare of public scrutiny -- the two men hammered out the general framework of an agreement. With its family-friendly focus, Disney viewed Miramax’s edgy mix of films as a poor fit. buys the other half from Industrial Equity (Pacific) Ltd. Disney acquired these companies to create their own internet search engine, In 1995, Pixar and Disney signed a distribution that would last for 5 films, In 2004, the deal was about to end, Disney launched. And in the tug-of-war between art and commerce, Mr. Eisner's seeming inability to manage creative, sometimes temperamental, moviemakers was just as important as mastering the bottom line. they no longer had their main powerhouses at hand, Don't Be a Menace to South Central While Drinking Your Juice in the Hood, The Englishman Who Went Up a Hill But Came Down a Mountain. Revelations that Disney was floating a sale of Miramax first surfaced in January.
Colony Chairman and CEO Thomas J. Barrack Jr, who founded the private equity firm, is also personally investing alongside Tutor and Colony, the source said. Tutor, CEO of construction giant Tutor-Saliba Corp, entered into exclusive negotiations in early June. It was not enough for the Weinsteins to make great movies -- Disney wanted those movies to reap lots of money, too. While many at Disney were happy to sever ties to Harvey Weinstein, others wanted to keep his brother Bob and his family-friendly, highly profitable Dimension Films in the Disney fold. Sitting in somber silence, among the nearly 600 guests, were Leonardo DiCaprio, Cate Blanchett and Martin Scorsese. REUTERS/Tyrone Siu. Its biggest successes have been in the animated area with 'Aladdin' and 'Beauty and the Beast.'. TVTropes is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
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