Industry Media Total assets 663 Million Number of employees 1 | Products Movies Founded 2010 | |
Type Private Holding joint venture Limited liability company Owner Qatar Investment Authority
Colony Capital Parent organizations The Weinstein Company, Colony NorthStar, Qatar Investment Authority, Tutor-Saliba Corporation | ||
Filmyard Holdings, LLC is a pure holding company and is the former parent company of Miramax. Colony Capital and Qatar Investment Authority own the studio. Rob Lowe is an investor in Colony's entertainment fund.
On December 3, 2010, Disney closed the sale of Miramax to Filmyard Holdings. Investors put in $200 million in capital while raising $400 million in liabilities through Barclays PLC led group of banks. Mike Lang, former business development executive at News Corporation, was selected as the CEO of Miramax, and the sale, estimated around US$663 million, includes 700 film titles, as well as 90 book rights, 300 development projects and the "Miramax" name. Additional, Miramax came with $50 million in cash, $10 million in adjusted fees and a few finished films ready to distribute. Two, Don't Be Afraid of the Dark and The Debt, will be released in 2011 by some distributor besides Disney. Filmyard was content with generating revenue off Miramax's film library until Miramax was sold to beIN Media Group on March 2, 2016.
On January 22, 2013, Ron Tutor sold his stake to co-owner Qatar Investment Authority. Qatar's stake is reported by Variety as 75 percent.