Source: The Wrap
According to The Wrap, Disney-owned movie studio Miramax Films will be shutting down its New York and Los Angeles offices today.
Eighty people will lose their jobs. The six movies waiting distribution — “Last Night,” “The Debt,” “The Tempest” among them — will be shelved, to gather dust, or win a tepid release.
Over 31 years, the movie company that for most of its existence was led by founders Harvey and Bob Weinstein brought the public enduring stories that plumbed the depths of human emotion and pushed the boundaries of cultural barriers.
When we think of the movies that defined the latter part of the 20th century — the movies that mattered, that stories that hit pop culture like a hammer and left a dent — more often than not they came from Miramax.
The story of Miramax has been told and retold: Scrappy New York brothers name the studio after their parents, wheel and deal to hold their movie company together, bully business partners, seduce filmmakers and spend loads of money on Oscar campaigns.
Then came the sale to Disney. The success, the hubris, the Oscars, the overspending. The loss of identity, the desperate attempts to reconcile with Michael Eisner followed by the bitter divorce, and the quiet takeover by Daniel Battsek.
The final chapter has been short and bitter.
Harvey Weinstein commented: “I’m feeling very nostalgic right now. I know the movies made on my and my brother Bob’s watch will live on as well as the fantastic films made under the direction of Daniel Battsek. Miramax has some brilliant people working within the organization and I know they will go on to do great things in the industry.”
Some in this business just can’t believe it.
“I refuse to believe it will go away forever,” said Amanda Lundberg of 42West, who spent eight years of her life at the company.
“I think Miramax is too strong a brand to not exist in some incarnation. Maybe not this year or in five years, but the library is huge and the brand is big. I can’t imagine it will disappear.”