Layoffs In Miramax Film, TV Production Divisions: 25+ Staffers To Exit

EXCLUSIVE: Miramax CEO Bill Block this afternoon has engaged in a substantial housecleaning that sources said will result in the layoffs of almost the entire television and film staffs at Miramax. That means 25 or possibly more of the company’s roster of 100+ staffers are losing their jobs today, a number that I’ve heard includes Zanne Devine, who heads its film production division. This is happening in real time. The bulk of staff untouched is the global sales force of the company.  I have been able to confirm that Block is making these moves as his regime’s first step to turn the company into a generator of film and TV properties to bolster the company’s film library. In a statement, Block confirmed the layoff process, but he would not elaborate on specifics: “After careful consideration and consultation with the board, I have decided to reorganize the team at Miramax. This reorganization will allow me to lead a streamlined Miramax to grow in film, television and the licensing of our impressive library.”
Block was named CEO on April 26 and said then that he had the financial resources to revive Miramax, which presumably means he will be restaffing in film and TV production. Today’s moves might not come as a total shock internally; word in the film community is that Devine and chief acquisitions exec Rosanne Korenberg had their Cannes trips canceled at the last minute. A savvy watcher of the company lamented the development, saying there are good people at Miramax — including those execs in particular — but it came down to past company heads talking a good game but never making meaningful strides to turn the company into much more than a library curator, without adding significant value with new product to bolster its 700 titles. It is always the staff below those leaders who are vulnerable when leadership changes. The most valuable titles in the library were the ones built years ago by Bob and Harvey Weinstein, who left the name and library behind in the divorce with Disney. That studio sold it to a consortium lead by Colony Capital for what turned out to be a bargain price around $660 million.

Miramax has showed some activity recently — it acquired U.S. distribution rights to a biopic of disgraced Olympic figure skater Tonya Harding with Margot Robbie starring in I, Tonya — and the label is currently in production on the Johnny Depp-Forest Whitaker police drama Labyrinth, a mystery about the murders of hip hop icons Tupac Shakur and Biggie Smalls.

Will tell you more specifics when I learn them.

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14 Comments

  1. on May 12, 2017 4:15 pm

    Miramax sucks, that is all.

  2. on May 12, 2017 4:52 pm

    Miramax needs to “layoff” their HR department! But yes it sucks!

    • on May 23, 2017 10:28 pm

      Agreed that HR should be laid off. They don’t know what they are doing.

  3. on May 12, 2017 5:42 pm

    Sucks. Nice people there

  4. zg44on May 12, 2017 5:54 pm

    All that’s left of Miramax will be sales staff selling a library for online/TV distribution?

    That’s a sad ending for Miramax.

  5. on May 12, 2017 6:39 pm

    Sad to hear this. Zanne did the best she could in a very dysfunctional company. The company will benefit from her work for years to come…

    • Hollywood (and the world) Owes Me A Livingon May 13, 2017 11:28 am

      She would still have a job if she had greenlit my brilliant spec scripts. C’est la vie, mon frere.

    • on May 14, 2017 10:12 am

      This is seriously false. On the most basic level, entirely false.

    • on May 19, 2017 10:20 am

      LOL

  6. on May 12, 2017 9:33 pm

    Jessica matthews is a superstar she was killing it there. What a block head.

  7. on May 12, 2017 9:54 pm

    worst CEO choice ever…isn’t QED sueing him? And dirty grandpa was a huge hit? Worst taste doesn’t know anyone. He did them a favor. I really like Daniel, jessica, leslie, adam, Jenna, eli and Charles. Good at their jobs.

  8. on May 12, 2017 9:57 pm

    Jessica Matthews is a rock star she just got there. Too bad

    • on May 19, 2017 10:19 am

      Who?

  9. on May 18, 2017 4:46 pm

    From what I hear, the Production Department didn’t get much done and the movies they did produce weren’t very successful. Couple that with poor marketing efforts, I don’t see what else the new CEO could do.