Miramax Studio closed by Disney

When Eisner added the Weinstein brother’s Miramax studio to its quiver there were a lot of people wondering if that arrow would shoot straight. But it was fashionable in Hollywood at the time to have a boutique label that could go and win a couple Oscar’s every year and if it lost a tens of millions of dollars a year, well that was the price for fame.

Well, there’s a new sheriff in town, CEO Bob Iger, and he’s not interested in glamour for the studio, just franchises that are productive. So, Miramax found itself whittled down until just a skeleton crew was left to go through the motions. Now, the door will be locked on the Disney chapter for Miramax and the final 80 employees out on the street. A sad ending for what was once a bright jewel of a studio, even if no one could ever tell you if it was diamond or paste.

Carpetbagger has a wrap up of how the news was being taken in Sundance and some news of a possible future for Miramax over at the NY Times.

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5 Responses to Miramax Studio closed by Disney

  1. Well, that's it for Miramax, at least as part of the Walt Disney Company – http://bit.ly/bGaBTs – Should the Weinstein bros get it back?

  2. Phil Johnson says:

    Wow… That’s a shame. So many good films came out of there. It may have not been making money recently, but it must have in the past. I’m sure the Weinsteins will find a new home.

  3. Ken says:

    I’m thinking they should have let the Weinstein brothers take the name with them.

  4. Bob says:

    This is truly a sad moment. Miramax was once the best brand in specialty filmmaking, and it’s a shame Disney doesn’t have more faith in it. Sure big franchise movies are great, but there’s something to be said for high-quality speciality films too. Meanwhile, Disney is releasing crappy movies like “When In Rome”. This whole thing is such a disappointment.

  5. Pingback: Miramax Studio closed and up for sale - MiceChat

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