in Cipriani’s dimly lit “Socialista” lounge on West Broadway near Broome Street 

Screenshot 2019-10-25 at 4.22.03 PM - Edited

arrived looking thin, hunched over a walker he uses for back pain
and flanked by an entourage that included two younger women and two beefy men.

On Instagram this afternoon, Actors Hour released a statement claiming that Weinstein “was NOT invited by the organizer or anyone associated with the organization.” They apologized for his presence there: “We believe the people who spoke out were brave and justified and we fully encourage freedom of speech. We apologize wholeheartedly for the way the situation was handled.”

It was the second time Weinstein had “turned up” to a performance.

[August 3 2010 Miramax: library controversy ]

take this waltz

take this waltz

The Weinstein brothers still own much of Miramax Films’ library, which includes such successful films as ‘Chicago’, ‘The Crying Game’, and ‘No Country for Old Men’. No one has yet announced how the library will be dealt with by the new owners. Whether the sale will further strain relations between Miramax Films and the Weinstein brothers, or if it will flow smoothly is a subject many are avidly following.

Disney: “We are delighted that we have found a home for the Miramax brand and Miramax’s very highly regarded motion picture library.”

Colony Capital, led by Chairman Tom Barrack, joined Tutor and other investors on July 29 in a $660 million accord to buy Miramax, whose main asset is more than 700 movies that have already been released. No new production is planned. Instead, the new owners intend to seek distribution arrangements for the half of the library that isn’t covered by TV agreements. Many of those agreements expire within three years, giving Tutor and Colony Capital the ability to sign new TV, Internet and other digital agreements,

In May 2000, the Weinstein brothers signed a new seven-year contract extension with Disney, which reportedly boosted the budget level at which they could “greenlight” films, while guaranteeing them a percentage of the profits from Miramax’s film library.

Maleficent 2 will be released on May 29, 2020.

Michelle Williams

Michelle Williams

Qatar Holdings, which invests for the Middle Eastern country’s royal family, is a major investor in the $663 million sale of Miramax Films by Disney. The investors put up about $200 million, while a group of banks led by Barclays raised debt of about $400 million. (Qatar Holdings holds a minority stake in Barclays). New York investment bank Jefferies & Co. helped raise the debt, while Mesa Global, an investment bank that includes Mark Patricof, formerly at CAA, was involved in valuating the assets. Mesa also has been a part of such deals as the sale of ContentNext and paidContent.org to the Guardian and recent funding for the theatrical troupe the Blue Man Group.

Filmyard Holdings, the group led by construction exec Ron Tutor and investor Tom Barrack, got about $50 million in cash that came with Miramax, another $10 million in adjusted fees and about 700 films in the library, many of which are licensed for theatrical, TV and video around the world for years to come. The deal completed December 3 includes the Miramax name, some 300 development projects, 90 book rights and a handful of finished films waiting to be distributed. Among the minority investors is actor Rob Lowe through a fund he created with Barrack’s Colony Capital.

Mike Lang, a former Newscorp executive, will be Miramax’s new CEO, but there are no immediate plans to hire top creative leadership.


Michelle Williams

Michelle Williams


Disney originally wanted a price close to $700 million, while most earlier investors valued the library at no more than $550 million – continuing disagreements about the valuation of Miramax’s 611-title film library.   The $660 million price will be reduced by about $50 million in cash on hand and existing sales contracts to license movies from the library worth more than $100 million. That would mean the investors have to come up with $250 million-$300 million in equity, with the remaining portion funded by bank debt.   Acquisition of Miramax Films from Disney by Filmyard Holdings — led by investors Ronald Tutor and Tom Barrack of Colony Capital — remains on track to close by year’s end. However.   In addition to Tutor and Barrack, the Miramax deal’s other investors include New York philanthropist Jerome Schwartz and Rob Lowe (through an investment venture the actor created with Barrack).

Michelle Williams filming Toronto

Michelle Williams filming Toronto

The deadline will most likely fall in early October rather between September and year’s end, although Filmyard says it expects to close the deal then.

Some of the banks Filmyard is relying on to provide $250 million to $275 ­million in debt financing are balking at the $650 valuation that was put on Miramax.

Insiders say the figure is high, given that the Weinsteins, who sold Miramax to Disney in 1993, control the sequel rights to 16 Miramax films. This means that even if Filmyard does line up the dough, it could be hamstrung in terms of getting the most bang for its buck. more

Nearly three weeks after the Walt Disney Co. announced it had reached an agreement to sell Miramax for $660 million to a group led by construction magnate Ron Tutor, the financing for the deal is still not nailed down.

It’s considered unusual to have a deal of this scope without first having the financing in place, and it may be at least another month before there is a resolution, said one executive familiar with the negotiations.

That would mean the designated deadline to close the deal of Sept. 7 would be missed. In that case, Disney may have to extend the deadline or perhaps look for new bidders.

The sticking point on the financing front: the value of Miramax’s 600-plus film library, the executive said. To make that calculation, the Tutor camp has hired Mesa Global, which placed a value of $650 million on Miramax, figuring in its library.

Trying to reach a consensus on the worth of Miramax’s catalog has consistently bogged down the sale of the company since Disney began to entertain offers earlier this year. Given the overall decline in DVD sales, it has become much more difficult to place a value on film libraries.

Michelle Williams and steadycam

Michelle Williams and steadycam

The Miramax deal is expected to close between Sept. 10 and the end of the year. Rob Lowe put up money to buy Miramax “The acquisition of a classic brand like Miramax is an exciting first step in my partnership with Tom Barrack and Colony Capital,” Filmyard Holdings, to pay more than $660 million — subject to certain adjustments, per Disney — for the rights to 700 library titles, plus the Miramax name, books, development projects and other assets.