More Miramax Cuts

In Reuters, Bob Tourtellotte reports on more job cuts at Miramax:

Miramax Films on Thursday began cutting 55 jobs, or 13 percent of its staff, in a second round of layoffs that accompanied further word that co-chief Harvey Weinstein was looking to stay with the maker of Oscar winners like "Chicago" and "Shakespeare in Love."

For months speculation has swirled around Hollywood and Miramax's base in New York that Weinstein would leave over management differences with Michael Eisner, chief executive officer of Miramax parent, Walt Disney Co. . Many believed that his brother and Miramax co-chief executive Bob Weinstein would stay.

But Miramax spokesman Matthew Hiltzik said on Thursday: "Bob and Harvey are looking for an amicable resolution that will keep them together at Disney." He declined further comment.

Posted by eug on Sep 24, 2004 at 10:26AM | Categories: The Biz