Miramax sold to group of investors, including Rob Lowe

The Miramax name and film library has been sold to a group of investors, which includes actor Rob Lowe, for an estimated $660 million. Lowe’s involvement comes by way of a media investment fund he started with Colony Capital investment firm head Tom Barrack. “The acquisition of a classic brand like Miramax is an exciting first step in my partnership with Tom Barrack and Colony Capital,” said Lowe. “This represents an exciting new chapter for me.” New films included in the sale include the Jennifer Aniston-Jason Bateman flick The Switch and the Guillermo del Toro-produced Don’t Be Afraid of the Dark.

Comments (7 total) Add your comment
  • harry

    I am so happy for him. a very lucky guy.

  • GEORGE CLOONEY

    Glad to find that he has a new job
    outside of television ..as an executive of a company.!!That was
    announced on Friday… !!3 other
    companies along with Rob Lowes are
    now owners of such movies as Shakespeare in Love and Good Will
    Hunting.. and some hidden jewels
    like money problems with the company

  • Jack

    Why should I care what this no talent hack does?

  • silverrose

    so..did ben afflack and matt damien come with this deal?

    • jay

      yea, miramax puts them in everything

  • Jim

    I certainly don’t consider Rob Lowe to be a “no talent hack”. His Brat Pack films may have had their share of phoned-in performances but he was amazing on “The West Wing”. I think he showed some real talent on that show and I hope he and his partners can make something of Miramax. It’s a challenge to be sure and it will be really interesting to watch a film company with an actor in management making a go of it. Good luck, Rob!

  • TARANTULA

    DIE SPAMMER, DIE!!!

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