Disney sets deal to sell Miramax

[crazy4wdw]

Disney sets deal to sell Miramax

LOS ANGELES, July 10 (UPI) -- The Walt Disney Co. has agreed in principle to sell Miramax Films for about $650 million, sources told the Los Angeles Times.

The report said the deal is with an investor group led by construction executive Ron Tutor, but which includes the Los Angeles-based private-equity firm Colony Capital. Also on board are minority investors James Robinson, the chief executive of film production and financing company Morgan Creek Productions, and an unidentified Middle East investor group, the Times said.

Rest of the article here: http://www.upi.com/Entertainment_Ne...sets-deal-to-sell-Miramax/UPI-75581278773930/

 

[lovemickeyshouse]

I hope they use the money towards new rides at Epcot and Hollywood studios

 

[MountNittany]

I hope they use the money towards new rides at Epcot and Hollywood studios

AK needs a Beastly Kingdom too

 

[Peter Pirate 2]

I hope they use the money towards new rides at Epcot and Hollywood studios

LOL! Good one. You were joking, right?

 

[crazy4wdw]

I hope they use the money towards new rides at Epcot and Hollywood studios

I doubt that will happen. More likely, the profits will go towards Bob Iger's bonus at the end of the year.

 

[TheTexasKid]

As an update to the thread, Disney has sold Miramax to the investment group lead by Ron Tutor. The final price was $675 million.

 

[doconeill]

I doubt that will happen. More likely, the profits will go towards Bob Iger's bonus at the end of the year.

And the owners of Who Wants To Be A Millionaire...