ViacomCBS and Paramount Pictures have resumed talks to acquire a stake in Miramax, two insiders familiar with the talks told Variety. There is no deal in place.
In November, negotiations were called off abruptly over frustrations with the deal terms. At the time, Viacom and Paramount sent a letter to Miramax owners beIN Media Group, which acquired the indie company in 2016, retracting their interest in further pursuing a deal. Discussions are still taking place, but as it currently stands ViacomCBS would become an equity investor in the indie studio behind such Oscar-winning titles as “Shakespeare in Love” and “Pulp Fiction.” It would then enter into some kind of commercial relationship in which it would make movies and shows based on Miramax intellectual property. The potential deal is in the low nine figures.
Miramax boasts one of the largest collections of film titles available, which partly explains the interest among several media players.
In November, negotiations were called off abruptly over frustrations with the deal terms. At the time, Viacom and Paramount sent a letter to Miramax owners beIN Media Group, which acquired the indie company in 2016, retracting their interest in further pursuing a deal. Discussions are still taking place, but as it currently stands ViacomCBS would become an equity investor in the indie studio behind such Oscar-winning titles as “Shakespeare in Love” and “Pulp Fiction.” It would then enter into some kind of commercial relationship in which it would make movies and shows based on Miramax intellectual property. The potential deal is in the low nine figures.
Miramax boasts one of the largest collections of film titles available, which partly explains the interest among several media players.
- 12/10/2019
- by Brent Lang
- Variety Film + TV
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