The beIN Media Group who owns 50% of Miramax is allegedly looking to sell their stake in a deal that would value the studio founded in 70s by the Weinstein Brothers at $650 million, according to a report first published in the Wall Street Journal.
Variety also reported on the possible sale and said that all attempts for confirmation from the company were ignored.
Miramax with its 700 plus film library is known worldwide for its variety of different movies including Pulp Fiction, Shakespeare in Love and Halloween; most of which were made when they were under the Disney banner. It was 2016 that the Studio was sold by its private equity owners for a reported $1 billion to the beIN Media Group.
Shortly after acquisition, the company began maximising its company value by pushing various movies into production including Halloween, Bad Santa 2, Whitney, and Bridget Jones’s Baby.
Scream folds into this issue by the fact that the rights to the franchise reside with Miramax and Dimension Films/Lantern. Apparently a third series to the Scream TV show has been produced but not released due to a problem with the deal with Netflix.
Rumor has it via Bloody Disgusting that Universal/Comcast may seek to acquire the shares and add the franchises to their existing film franchise library. Tying all the rights together under one studio would make the production of these franchises much easier and could lead to a greater output of horror movies or even a cross-over movie (but that’s just me spitballing!).
So there you have it, a great rumor to brighten up your midweek! Would you love to see these titans of horror at Universal and would a cross-over movie even work? Let us know your thoughts in the comments!