As big studios continue to merge, smaller studios are starting to follow suit. Variety wrote that Qatar-based beIN Media Group is seeking to sell up to 50% of Miramax in a deal that would value the studio founded in 1979 by Bob and Harvey Weinstein at $650 million; currently, beIN owns the company in its entirety. The story comes straight from a Wall Street Journal report.
The sale of Miramax could potentially effect horror franchises such as the recently revived Halloween and Scream. Both franchises would benefit from a new studio home. It is only a matter of time before we see how this will all play out.
Miramax is most known for there slew of Quentin Tarantino films (Kill Bill, Reservoir Dogs, Pulp Fiction). They are also home to films like Good Will Hunting, No Country For Old Men, and The Aviator.
MGM, Viacom, Lionsgate, and Sony are all potential suitors who have kicked around the idea of purchasing the studio according to insiders.
Some or all of Miramax could be sold “within the month,” a source close to the company tells The Hollywood Reporter.