May 25 2010 04:24 PM ET

Disney will not sell Miramax back to the Weinsteins

According to the Associated Press, the Walt Disney Co. has backed out of a plan to sell its struggling Miramax division to Ron Burkle. Burkle had partnered on the deal with Harvey and Bob Weinstein, the original founders of Miramax, who left in 2005 to start their own independent studio, the Weinstein Company. Apparently, negotiations faltered over various issues pertaining to how the brothers would manage both Miramax and Weinstein Co.

The Miramax division was mostly shuttered earlier this year, but the studio still has a profitable back catalogue of iconic films, including Pulp Fiction, The English Patient, Clerks, The Piano, and The English Patient. Disney is reportedly considering an offer from financier brothers Tom and Alec Gores.

Comments (4 total) Add your comment
  • Jane

    There are two “English Patient” movies? How ’bout that.

  • Monty

    I guess the english patient was so good it had to be mentioned twice?

  • l.d.

    I think they meant the sequel, the English Impatient.

  • pms

    bad titles, only pass bad titles, ha, what an industry, what a wormhole!

    Stargate. Man this industry is crazy!

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