Forced to make budget cuts with the end of the year a ways off and no new films in production, Miramax cuts 13% of its staff. The decision as to the Weinstein brothers future with the company and with Disney remains clouded. But the stock level is not, Disney’s stock sunk to near $20 on Friday. Something better happen soon because speculation about another take over bid is rising.
The Miramax Diet
- by John Frost