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Disney Weighs Three Miramax Offers

Photo of Anne Thompson By Anne Thompson | Thompson on Hollywood April 7, 2010 at 1:19AM

Disney Co. is weighing three offers for Miramax Films. The company could decide not to accept them.
Thompson on Hollywood

Disney Co. is weighing three offers for Miramax Films. The company could decide not to accept them.

One: Supermarket magnate Ron Burkle's Yucaipa, in cahoots with Miramax-founders Bob and Harvey Weinstein.
Two: Alec and Tom Gores of investment firms the Gores Group and Platinum Equity, advised by Sam Gores, founder of Paradigm talent agency.
Three: Astonishingly, beleaguered financier David Bergstein's Pangea Media Group, reportedly the highest bid of the three, according to the LAT:

Disney was initially seeking an all-cash deal of $650 million to $700 million, people close to the matter said. Summit Entertainment and Amir Malin's investment firm Qualia Capital early on weighed making bids but balked at the asking price.

I'm rooting for the Weinsteins. They built the library, own some sequel rights, and would know how to handle the material. Anyone else will basically pillage and plunder the properties. Selling to the irresponsible Bergstein would be absurd.

[Photo courtesy of Getty Images]

This article is related to: Independents, Studios, News, Weinsteins, Disney

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Thompson on Hollywood

Born and raised in Manhattan, Anne Thompson grew up going to the Thalia and The New Yorker and wound up at grad Cinema Studies at NYU. She worked at United Artists and Film Comment before heading west as that magazine's west coast editor. She wrote for the LA Weekly, Sight and Sound, Empire, The New York Times and Entertainment Weekly before serving as West Coast Editor of Premiere. She wrote for The Washington Post, The London Observer, Wired, More, and Vanity Fair, and did staff stints at The Hollywood Reporter and Variety. She eventually took her blog Thompson on Hollywood to Indiewire. She taught film criticism at USC Critical Studies, and continues to host the fall semester of “Sneak Previews” for UCLA Extension.