03 September 2010

The Weinstein Brothers Have To Be Tearing Their Hair Out

Disney just cannot get rid of Miramax. From Cinema Blend:
...the deal has hit a speed bump as the announcement came before the bulk of the financing had been established. Sold to construction magnate Ron Tutor for $660 million, it was expected that most of the money would come from Tutor himself, his partners, James Robinson of Morgan Creek Productions, and philanthropist Jerome Swartz. The rest of the money, somewhere between $250-275 million, would be made up by banks. As of now, however, it appears that both Robinson and Swartz have dropped out and the banks have not yet finalized the loan.
Tutor technically has until the end of the year to find new investors and complete the deal. Disney isn't commenting, but they have to be pissed.