Perhaps what’s most amazing about this is that Disney has multiple bidders for Miramax, and even one who came close to Disney’s asking price. The studio’s primary value is its library, which is diminished by the current state of affairs vis-a-via lax DVD sales. Sequels might help, but some of the best sequel rights are tied up by the Weinstein Brothers who are the team that Disney has just told no. So who is crazy enough to bid?
That’s just the problem. Ron Tutor and his embattled film financier partner, David Bergstein, who has not has the best recent run when it comes to financial deals, are the current team up to bat. Looks like they’re pretty close to finalizing everything, but then again, so were the Weinstein’s team.
(Via the LA Times)