RPT-Weinstein in early talks with Miramax over possible deal -WSJ
Aug 3 (Reuters) - The Weinstein Co has held preliminary talks with Miramax Co about a possible deal that could create one of the most powerful independent film players, the Wall Street Journal reported on Saturday.
A deal would reunite Weinstein brothers - Harvey and Bob - with Miramax, a company they founded and later sold to Walt Disney Co, which owned Miramax Films until 2010.
Quoting an unnamed source, the paper said talks began several weeks ago with a meeting between Weinstein Co Chief Executive Harvey Weinstein and Miramax Chairman Tom Barrack.
Barrack confirmed the meeting in an email to the paper, but declined to confirm a potential merger. News of the merger talks was first reported by Variety.
The Weinstein brothers left Miramax in 2005 after a contentious relationship with Disney and that year founded the Weinstein Company, best known for its low-budget, critically acclaimed movies, such as Oscar-winner "The King's Speech" in 2010.
Disney sold Miramax to Filmyard Holdings LLC, which is backed by Barrack's private-equity firm, Colony Capital LLC, and the Qatari Investment Authority.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video