BREAKING The Weinstein boys are back at Miramax. Colony Capital principal Tom Barrack Jr and The Weinstein Company co-chairmen Harvey and Bob Weinstein have set an alliance that will exploit the creative properties in the library that the brothers left behind when they exited Disney. The deal will span 20 years and multiple titles for films, TV series and live stage productions. Qatar Holding and Miramax will finance these, with TWC steering development and distributing domestically while Miramax distributes internationally. Qatar Holding and Colony Capital bought the Miramax library in 2010 for around $660 million.
They’ve been successful librarians, but now Colony Capital needs the talent relationships and development expertise of the Weinsteins to become content generators. “Sure, we own the intellectual property in the library, and most of the intellectual properties in development, but we didn’t have the art form. If I called Quentin Tarantino and said, I have a great idea how to do a Pulp Fiction TV series, chances are it would be a very short conversation,” Barrack told me. “The ability to take all these threads and sew them into a tapestry, is really the magic elixir. We’ve all decided it’s time for a quantum leap and that’s why we’re all together.” (more…)