The Walt Disney Company has agreed to sell Miramax Films to a Hollywood outsider, ending a tortuous six-month bidding period that has been as dramatic as anything the entertainment group has put on the big screen.
Under the agreement, an investor group led by the constrction magnate Ronald Tutor—Filmyrd Holdings, will pay USD 660 million subject to certain adjustments for Miramax’s 700-strong film library, which includes hit films such as Chicago, My Left Foot and Pulp Fiction.
Other invewtors in Filmyard include Colony Capital, and Tom Barrack.