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).