That led to the mistaken impression that Weinstein was actually going to once again own Miramax—the studio lovingly named for his parents Miriam and Max—even though he and his brother, Bob, would in reality be little more than Burkle’s employees. 'The Call of the Wild' Leaves 'Sonic' in the Dust with $8…, 'Transformers: War For Cybertron Trilogy' Trailer Previews Epic Clash Between Autobots &…. (According to the former studio boss, after Eisner fired the brothers Weinstein, they publicly took the position of tough guys standing up to an evil corporate master, but behind the scenes they actually lobbied Eisner to reconsider and take them back. While the money was intended primarily for movie production, Harvey Weinstein also used it to invest in such things as fashion house Halston, niche social network asmallworld.com, and home-video distributor Genius Products, among other things. The parties continue to work diligently toward an agreement.”. Latest News. After high-stakes (and highly public) negotiations, Disney has ended talks with Bob and Harvey Weinstein in their effort to buy back Miramax Films for close to $625 million, sources tell The Wall Street Journal. This time, they said, they’d be good soldiers. That strategy would hinder value creation and essentially leave Burkle with the “melting ice cube” that is Miramax’s film library (in industry parlance, a film library is referred to as a melting ice cube because it loses value without having new films to refresh its worth). “People all over town have been warning Ron not to get into bed with Harvey,” says a former studio boss. Check out more of the latest entertainment, fashion, and culture coverage on Sexy Beast—photos, videos, features, and Tweets. ©DISNEY. Indeed, a source close to the negotiations said Disney executives are prepared to sell and wanted to announce the deal last week, but they couldn’t because advisers for both Burkle and Weinstein were still arguing about their own contracts. That may be true, but Weinstein has leverage of his own, in the form of sequel rights to franchises like Scream, Scary Movie, Spy Kids, and Halloween, which Burkle would not be in control of even if he did buy Miramax. ': Patton Oswalt Says Hulu's Stop-Motion Animated Series Is Coming Early 2021, 'Happy Halloween, Scooby-Doo! After weeks of negotiations, insiders say Harvey Weinstein’s proposed $625 million deal with Ron Burkle to reclaim Miramax from Disney is falling apart. Boasting a massive library of movies, TV shows, and shorts across all branches of the Disney family, including Pixar, Marvel Studios, and Star Wars, the prestige platform has become a formidable competitor in the battle of streaming services vying for subscribers. According to a joint statement provided by Burkle and Weinstein, “The Weinstein Brothers, The Weinstein Company and Ron Burkle are all working toward a deal to purchase and operate Miramax. Upgrade your lifestyleDigital Trends helps readers keep tabs on the fast-paced world of tech with all the latest news, fun product reviews, insightful editorials, and one-of-a-kind sneak peeks.Digital Trends may earn a commission when you buy through links on our site. Plus, more movies to stream from Marvel, Pixar, Star Wars, along with Hamilton and Black Is King. To the surprise of precisely no one, antagonism between billionaire supermarket magnate Ron Burkle and the round mound of Tinseltown Harvey Weinstein is likely to derail the odd couple’s attempt to acquire the legendary studio home of Pulp Fiction and Chicago from Disney. It didn’t work.). The suit claims the film mogul sexually assaulted her twice in Toronto back in 2000, when Weinstein still with Disney-owned Miramax.
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