Disney Tries to Sell Miramax, But What's It Worth?

The Wrap:

Disney's quiet shopping of Miramax has attracted interest from several bidders, though not merely the usual suspects. Several insiders think the $700 million price is too high.

That's because the library's cash flow is not close to the $300 million estimated this weekend in The New York Times -- more like a third of that sum, according to two people knowledgeable about the figures.

Read the whole story: The Wrap

Comments

[MovieBuff4u2]

03:16 PM on 02/06/2010

To the Sailor who wrote-WALT DISNEY'S MIRAMAX NAME IN EXCHANGE FOR THE MIMIART NAME??
check out the http://www.mimiartfilms.com/ web site to possibly shed some light on your inquiry....

[sailorsale]

03:22 AM on 02/03/2010

WALT DISNEY'S MIRAMAX NAME IN EXCHANGE FOR THE MIMIART NAME!
One of the seven to 10 interested bidders for Disney’s Miramax name is said to be from a small art house independent movie company called MimiArt Films, LLC.

There have been reports on some Internet sites that Disney’s Iger may be interested in a fair swap deal for the MimiArt name in exchange for the Miramax name, not including the Miramax logo or its library.
http://www.pitchengine.com/mimiartfilmsllc/waltdisneysmiramaxnameinexchangeforthemimiartname/44520/

MimiArt Films, was founded in 2006 by a group of movie buffs and independent investors from New York and New Jersey. And reportedly, upon the company’s inception, the principals of the company are said to have selected Walt Disney’s CEO, Robert Iger’s parents’ names, “Mimi” and “Art” (Arthur), for their company name “MimiArt.” Apparently, this was done in the hopes that by combining these two names, that this could somehow miraculously transcend the MimiArt Films, Limited Liability Company to the same heights as the Walt Disney Company.

Evidentially the MimiArt name has captured a personal endearing sentimental chord with Iger, as discussions have taken place between Nick Van Dyk, Chairman of Miramax Television and the Attorney for MimiArt Films. There is no word yet on the outcome of those discussions.

[MovieBuff4u2]

03:16 PM on 02/06/2010

To the Sailor who wrote- DISNEY'S MIRAMAX NAME IN EXCHANGE FOR THE MIMIART NAME??
check out the http://www.mimiartfilms.com/ web site to possibly shed some light on your inquiry....

[ReelBusy]

07:55 PM on 02/01/2010

Miramax is just a library now, not a "studio".

As brands go it was always a bit wonky, thanks to Harvey.

Disney should just close the division and retire the name but keep the library.