Money Matters - Simplified

Miramax

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Following Google's launch of its social network Google+, Facebook is leaving no stone unturned to maintain its commanding lead in the social networking market.

Disney sells Miramax to Ron Tutor, Colony Capital for $660mn

After months of negotiations with various bidders, Walt Disney Company finally agreed to sell Miramax Films to Filmyard Holdings LLC for more than $660 million.

Report: Weinsteins may take back Miramax

Los Angeles -- Fraternal film producers Harvey and Bob Weinstein may take back operating control of Miramax, the studio they sold to Disney, The Hollywood Reporter said.

The Weinsteins founded Miramax in 1979 and sold it to Disney in 1993 for $80 million. The brothers continued to operate Miramax until 2005 when they left and founded The Weinstein Co.

Disney reportedly has been considering offers to sell the specialty-film unit and its 611-title library, which includes modern classics such as "Pulp Fiction," "The English Patient" and "Shakepeare in Love."

Although no deal has been finalized, The Hollywood Reporter said the filmmaking brothers have been working to put together an offer of about $600 million to get Miramax back from Disney.