Miramax, the movie production company originally established by the brothers Bob and Harvey Weinstein, is up for sale again. Bloomberg, which first broke the news, says that it could go for as much as $1 billion.
The Weinsteins sold out to Disney a long time ago and then started their own company, The Weinstein Co. Disney then found out the hard way that sometimes a company is only a success because of the people who run it and that was certainly the case with Miramax.
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Disney sold it in 2010 to Colony Capital, Qatar Holding and billionaire Ron Tutor for $660 million.
The company is worth so much today because of its extensive library of box office smashes and Oscar winning films such as “Bridget Jones’ Diary, ” “The English Patient, ” “No Country for Old Men, ” “Pulp Fiction” and “Good Will Hunting.”