Richard Nanula, chairman of Miramax and a principal at Colony Capital, said, “We are very proud of what Miramax has accomplished in such a short period of time. Mike has built a team of dedicated professionals, and they’ve worked together to create tremendous value. Miramax has established partnerships with leading distributors and with promising emerging platforms, with many more to come. The value of the Miramax film library and its iconic underlying brand is clear and the future is bright. We thank Mike for all of his hard work and we wish him well as he looks at future endeavors.”
Mr. Lang said: “I’ve enjoyed my time at Miramax. The company has a great team, and I remain highly supportive of Miramax and its opportunities ahead. I wish the team continued success.”
Steve Schoch, Miramax CFO, will serve as interim CEO until a new, permanent CEO is named.