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Showing posts with label MiramaxFilms. Show all posts
Showing posts with label MiramaxFilms. Show all posts

Monday, January 24, 2011

Sundance: Kevin Smith debuts bloody 'Red State' and severs relations with Hollywood

from: http://insidemovies.ew.com/
Red-State-Kevin-Smith 
Image Credit: Danny Moloshok/AP Images

Seventeen years ago at Sundance, a chubby New Jersey convenience store worker broke into Hollywood.
Sunday night, he broke out of it.

Kevin Smith, who became a hero to aspiring filmmakers everywhere by selling his comic book collection and maxing out credit cards to create 1994′s Clerks, premiered that film at Sundance and sold it to Harvey Weinstein’s Miramax, which turned it into a cult-hit that spoke to a generation.

“Cult” was the operative word Sunday as Smith premiered his latest movie, the bizzaro horror thriller Red State, about a gay-hating minister (Michael Parks) who goes on a blood-drenched rampage against an equally murderous squad of federal agents, with some sex-crazed teens stuck in the middle. In addition to Red State being a film about a cult, Smith also announced plans to leverage his own cult-fanbase to break out of the studio distribution system and put the film out there for audiences on his own.

Though Smith had promised via Twitter he would auction the film to a distributor live from the stage after the premiere, it turned out to be a joke. When the auction started, he immediately “bought” the $4 million movie himself for $20, and announced he would use Twitter (where he has 1.7 million followers), his popular comedy podcast, a 15-city roadshow tour, and word-of-mouth from fans to release the picture himself.
“What we want to do is, like, ‘Yes, anybody can make a movie,’” Smith said – at the tail end of a nearly half-hour long speech. ”We know that now. We know that because I’ve made ten, you know what I’m saying? That means anybody can make a f—ing movie. What we aim to prove is that anybody can release a movie now as well. It’s not enough to make it and sell it now, I’m sorry.”

He compared laboring to make a truly independent film and selling it to a studio distributor to having a child and giving it to someone else to raise.

Smith said the one thing he can’t do in-house is get the movie onto screens. So he put out the invitation for theater owners to cut a special deal with him, which he pledged would be better terms than what they get from studios. “We want to partner up, man,” he said, taking a shot at his last movie, the critically slammed Warner Bros. comedy Cop Out: “We won’t screw you over. We won’t be like, ‘You gotta f—ing take this piece of s—. If you want The Dark Knight, you better take this piece of s— Cop Out.”

His plan is to have the movie in theaters nationwide Oct. 19, the anniversary of the Clerks release. He didn’t make the project sound especially inviting to potential exhibitors, however, saying he would not do any advertising or interviews to promote the film, instead relying on his fanbase to spread the word. The ecclesiastical irony was not lost on many in the audience. “Kevin Smith intends to market Red State, a film about a church-cult, directly to his fans.The irony of ‘preaching to the choir’ is piquant,” tweeted James Rocchi of MSN Movies.

Smith apologized to studio scouts in the audience who may have thought he was sincere about selling the film. Then he joked: “I’m not that sorry. It’s a film festival — come see a movie…. I will say this in my own defense, a lot of you work for studios and s—. Studios make movies. Movies have trailers. So you guys make a lot of trailers; you’ve lied to me many times.”

His next project is the hockey film Hit Somebody, which he announced would be his last film as a director. After that, he said he wanted to focus on his fledgling distribution company, helping other indie filmmakers get their films to an audience without going through Hollywood.

Or would his becoming a successful distributor actually make him just another part of Hollywood?
To put it in one of Smith’s beloved geek-friendly Star Wars metaphors, is he defying the Darth Vader of studios — or simply joining them to help rule the indie movie galaxy?

Footnote: About six members of an anti-gay extremist church used as the model for the religious group in Red State showed up outside the theater to protest, but few festival-goers paid attention to them besides a few dozen counter-protesters carrying goofy signs. Smith marched over himself with one that read: “God Hates Fat.”

Friday, July 30, 2010

Disney to sell Miramax for more than $660 million

LOS ANGELES/NEW YORK (Reuters) – Walt Disney Co has struck a deal to sell Miramax, the studio behind such films as "Trainspotting" and "No Country for Old Men," for more than $660 million to a group that includes construction magnate Ron Tutor and investment firm Colony Capital LLC.

The deal marks the culmination of a drawn-out sale that attracted star-studded bidders, including the Weinstein brothers, who founded the studio.

The new owners will focus on maximizing the value of Miramax's library, a source familiar with the situation said. No production operations exist at this time and there are no current production plans, the source said.

The sale underscores Disney's plans to focus its film resources on bigger film properties such as "Pirates of the Caribbean" and exploit them across various platforms.

The sale to the group Filmyard Holdings, which comprises Tutor, Colony Capital and other partners, includes rights in more than 700 Miramax movie titles, including Academy Award winners such as "Chicago" and "Shakespeare in Love," Disney said.

Tutor and Colony declined comment on details of the deal or future plans.

The purchase price is about four times Miramax's cashflow, and about half the purchase price is covered by receivables, the source said.

Disney bought Miramax 17 years ago for $80 million.

DISNEY STRATEGY

While Miramax has continued to pump out critically acclaimed films such as "Doubt," it has not made big commercial hits like "Pulp Fiction" and "Chicago" for some time.

With its family-friendly focus, Disney viewed Miramax's edgy mix of films as a poor fit.

"Although we are very proud of Miramax's many accomplishments, our current strategy for Walt Disney Studios is to focus on the development of great motion pictures under the Disney, Pixar and Marvel brands," Disney Chief Executive Officer Robert Iger said in a statement.

"It turns the page on Disney's foray into non-Disney branded films and completes their focus on franchise properties," said Gabelli & Co analyst Chris Marangi. "They're also finding promising areas of growth in new media, especially in areas where they can monetize Disney properties."

"They are harvesting something mature and using the cash to invest in a more emerging growth space," said RBC Capital Markets analyst David Bank.

Revelations that Disney was floating a sale of Miramax first surfaced in January. Tutor, CEO of construction giant Tutor-Saliba Corp, entered into exclusive negotiations in early June.

Los-Angeles-based Colony was founded by Thomas J. Barrack, Jr., chairman and CEO, in 1991. Since then, it has invested $45 billion in over 12,000 assets, according to its website.

Colony has links with a number of celebrities. It co-owns the late Michael Jackson's Neverland estate in California, and it formed a partnership with photographer Annie Leibovitz to recapitalize some of her debts.

Many entities were linked to talks on a Miramax purchase, including billionaire investor Ron Burkle and movie studios Summit Entertainment and Lions Gate Entertainment.

The Miramax sale is expected to close between September 10 and year-end, Disney said.

Shares of Disney were down 7 cents to $33.64 in afternoon trade on the New York Stock Exchange. The stock has risen about 5.5 percent this year.

(Additional reporting by Jennifer Saba in New York and Sakthi Prasad in Bangalore, Franklin Paul in New York; Editing by David Holmes, Will Waterman and Lisa Von Ahn)

Friday, January 29, 2010

Miramax Dies: Rest in Peace


It’s been a slow death, but Miramax dies on Thursday.

The New York and Los Angeles offices of the arthouse movie studio owned by Disney will close.
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.
It’s not clear that anyone at the studio will care.
But a lot of other people around the movie business mourned the impending loss of a label that once set the bar for taste and artistry. (Update Thursday: A Disney spokeswoman called to protest that Miramax is not 'dead.' "Miramax will consoldiate its operations within Walt Disney Studios, and will be releasing a smaller number of films than in previous years. But it will continue to operate within the Walt Disney Studios," she said.)
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 (“My Left Foot”) and pushed the boundaries of cultural barriers (“Reservoir Dogs”).
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 Piano.” “Pulp Fiction.” “Sex, Lies and Videotape.” “Clerks.” “The English Patient.” (See slideshow.)
All too often, we may find ourselves saying: Why doesn’t Hollywood make those movies anymore?
Maybe the movie industry doesn’t know how to. Miramax, for well over a decade, was something special.
“Miramax wasn't just a bad-boy clubhouse, it was a 20th century Olympus,” filmmaker Kevin Smith wrote to TheWrap. “Throw a can of Diet Coke and you hit a modern-day deity. And for one brief, shining moment, it was an age of magic and wonders.” (Read Kevin Smith's full Hollyblog.)
With these in the vault: “Shakespeare in Love” (Oscar: Gwyneth Paltrow). “The Crying Game” (Oscar, Neil Jordan). “The Talented Mr. Ripley” (5 noms). “Chicago” (6 Oscar wins).
“If there was any company that contributed more to the shaping of a generation and a sensibility -- I don’t know it,” said veteran publicist Fredell Pogodin, lamenting the closure.
There were lots of overambitious flops, or movies that tried too hard -- “The Aviator.” “The Shipping News.” “The Four Feathers.” “Cold Mountain.”
But there was also lots of plain audacious filmmaking, movies that nobody else would dare make, much less ride to awards glory: “Kill Bill I and II.” “The Ciderhouse Rules.” “Good Will Hunting.” “Swingers.”
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.
Battsek was squeezed to a smaller and smaller size by Disney, despite releasing some respectable movies including “The Queen,” “Tsotsi” and “The Diving Bell and the Butterfly.”
The studio endured endless rumors of its impending closure. On Oct. 2, Disney announced that “Miramax Films will reduce the number of films it releases annually while consolidating certain of its operations.”
Dick Cook, the former chairman of the studio, told me last summer that while reduced in size, the studio would continue.
But by year-end , Dick Cook was gone, and Rich Ross had taken over. Soon after, Daniel Battsek was gone, too.
Remained the final sweep-up -- the firing of the remnant staff as part of the Ross reboot of the larger Disney studio, focused on a digital future with great, big, global brands.
I asked Harvey Weinstein how he felt on Wednesday. He wrote:
"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."
The Weinsteins have tried to buy the name of their former company back. Disney has not responded. But Bob Iger has made it known that he would be willing to sell Miramax outright -- for about $1.5 billion.
Too rich for the Weinsteins, and probably anybody else.
So on Thursday, one more arthouse film outlet goes away.
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.”

Tuesday, April 14, 2009

Miramax Rewards Would-Be BitTorrent Pirate With Free Ticket

Written by enigmax

It’s normal for BitTorrent users to be a tiny bit paranoid, since their activities aren’t always popular with everyone. But imagine musing via Twitter that your favorite movie isn’t on torrent sites yet and the next thing you know the studio is in direct contact with you, asking you not to pirate the movie - and giving you a free ticket in return.

Most people sharing files on the Internet are aware that at any time they could be being monitored by any number of anti-piracy companies, investigators or lobby groups. There can be little doubt that file-sharing forums and sites around the world are being watched to a greater or less extent for the purpose of keeping tabs on piracy. And you can safely bet that the RIAA, IFPI and MPAA will read this article, just as you are.

But what if a throwaway comment about torrents via Twitter was enough to put a movie studio in direct contact with you in a matter of minutes? This is what happened to photographer, writer and Twitter user Amanda Music, as she wondered;

Ugh WHY IS ADVENTURELAND NOT ON TORRENTS YET?

Amanda told TorrentFreak, “My friends and I usually wait to download cams of movies. We have yet to find one for Adventureland. So I was Tweeting about it. My friends were too though, but I guess they didn’t put torrent & Adventureland in the same sentence.”

It seems these keywords were being monitored by Hollywood studio Miramax, presumably to find out quickly when their movie hits the web. But instead, Miramax actually responded to Amanda and asked her not to use BitTorrent to get the movie;

Cmon Amanda, don’t do it. #adventureland #fbi

“Miramax found my Tweet through a search and told me not to do it. In a nice way,” Amanda told TorrentFreak. “I had already looked for the torrent and didn’t find one so I decided to reply and say that I wouldn’t download it. I was joking in a way.”

Amanda replied to Miramax, “Okay I won’t, JUST FOR YOU,” but to her surprise they responded again.

Miramax

And Miramax were true to their word - almost. They provided Amanda with a code for a single free ticket and since Amanda is currently in New York City, she will go see Adventureland today.

“I was pretty surprised about it,” explained Amanda. “I couldn’t find a working Adventureland torrent anyway.”

thanks to iheartmovies