The acquisition gave Disney entry to the independent film market. On June 30, 1993, The Walt Disney Company purchased Miramax for $60 million and assumed all of the company's debt, which was more than $40 million. The company was also successful in securing Academy Award nominations for its releases, many of which resulted in Oscar wins. Miramax produced or distributed seven films with box office grosses totaling more than $100 million its most successful title, Chicago, earned more than $300 million worldwide. The company became one of the leaders of the independent film boom of the 1990s. Miramax acquired and/or produced many other films that did well financially. The company also made films such as Flirting with Disaster, Heavenly Creatures, and Shakespeare in Love. Īmong the company's other breakthrough films as distributors in the late 1980s and early 1990s were Pulp Fiction, Scandal, Sex, Lies, and Videotape, Tie Me Up! Tie Me Down!, The Crying Game, and Clerks. In its early years, Miramax had to focus primarily as a catalyst for music and decided to do a licensing agreement with Thorn EMI Video to release several of Miramax's early films. This release presaged a modus operandi that the company would undertake later in the 1980s of acquiring films from international filmmakers and reworking them to suit American sensibilities and audiences. The resulting film, the American version of The Secret Policeman's Other Ball, was a successful release for Miramax in the summer of 1982. The Weinsteins worked with Lewis to distill the two films into one film for the American marketplace. rights to two concert films Lewis had produced of benefit shows for human rights organization Amnesty International. The company's first major success came when the Weinsteins teamed up with British producer Martin Lewis and acquired the U.S. It was created to distribute independent films deemed commercially unfeasible by the major studios. The company was founded by the Weinstein brothers, Harvey and Bob, along with executive Corky Burger in Buffalo, New York, in 1979, and was named by combining the first names of their parents, Miriam and Max. The sale was completed in April 2020, placing Miramax under the umbrella of its film division, Paramount Pictures. In March 2016, the company was sold to the beIN Media Group, which later sold a 49% stake to ViacomCBS (now Paramount Global). In 2010, Disney sold it to Filmyard Holdings, a joint venture of Colony NorthStar, Tutor-Saliba Corporation, and Qatar Investment Authority. It was a leading producer and distributor of independent films until it became the first company acquired by The Walt Disney Company on June 30, 1993. Active production companies are either run by themselves or as a subsidiary.įilm studios also create television programs for broadcast syndication.Miramax LLC, also known as Miramax Films, is an American film and television production and distribution company founded on December 19, 1979, by Bob and Harvey Weinstein, and based in Los Angeles, California. This list includes both active and no longer active (defunct) companies. Major production companies often distribute films from independent production companies. A production company may specialize in producing their in-house films or own subsidiary development companies. This is a list of film production and distribution companies.
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