Disney Is Said to Be Seeking a Buyer for Its Miramax Unit

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Disney Is Said to Be Seeking a Buyer for Its Miramax Unit

The Walt Disney Company has been quietly shopping what remains of its Miramax film unit and has attracted seven to 10 interested bidders, according to a mergers and acquisitions expert with knowledge of the process.

The initial discussions indicate a price of over $700 million for the Miramax name and its 700-film library, including films like “Pulp Fiction” and “Shakespeare in Love,” which is essentially all that remains of the once-mighty art house label, according to the person, who declined to be identified because of the confidential nature of the negotiations.

Interest is sharply higher than a year ago, when Disney briefly floated a Miramax sale before reconsidering because of the recession, and has been helped by a loosening of the credit markets.


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Photo Andrew Cooper/Miramax Films; Laurie Sparham/ Miramax Films; Laurie Sparham/Miramax Films; David James/ Miramax Films


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Chip is the owner, editor, and writer of Chip and Company. When he is not writing about Disney News or Planning Tips, you will find him counting down the days to his next Disney Vacation.
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