Lions Gate, Weinsteins eye Disney’s Miramax

Lions Gate, Weinsteins eye Disney’s Miramax

Independent studio Summit Entertainment, which is behind the popular “Twilight” franchise, could also be interested in Miramax, said the sources who spoke on condition of anonymity.

Disney has put Miramax up for sale because its library of mostly small, independent films does not mesh with the media giant’s plan to overhaul its movie operations, a source close to the company said.

Disney is focusing on its own movie brand, as well as films made by its Pixar division and the newly acquired Marvel, and a distribution deal with Steven Spielberg’s DreamWorks studio.

A spokesman for Lions Gate was unavailable for comment, while Disney and Summit declined comment. But Lions Gate and Disney are expected to report quarterly earnings on Tuesday, and will likely be grilled by investors and analysts about any possible interest.

Full Story

Image