Type | Private Holding company |
---|---|
Industry | Media |
Founded | 2010 |
Key people | Ron Tutor Chair Richard Nanula Interim Chief Executive Officer |
Products | Movies |
Total assets | 663 Million |
Owner(s) | Ron Tutor Tom Barrack |
Employees | 1 |
Parent | Tutor-Saliba Corporation Qatar Investment Authority Colony Capital The Weinstein Company |
Subsidiaries | Miramax Films |
Filmyard Holdings, LLC is a pure holding company and is the current parent company of Miramax Films. Through this company, Ron Tutor (CEO of Tutor-Saliba Corporation), Tom Barrack (CEO of Colony Capital), Qatar Investment Authority[1] & The Weinstein Company own the studio. Rob Lowe is an investor in Colony's entertainment fund.[2]
On December 3, 2010, Disney closed the sale of Miramax to Filmyard Holdings.[1] Investors put in $200 million in capital while raising $400 million in liabilities through Barclays PLC led group of banks.[2] Mike Lang, former business development executive at News Corporation, was selected as the CEO of Miramax,[1] and the sale, estimated around US$663 million, includes 700 film titles, as well as 90 book rights, 300 development projects and the "Miramax" name. Additional, Miramax came with $50 million in cash, $10 million in adjusted fees and a few finished films ready to distribute. Two, Don't Be Afraid of the Dark and The Debt, will be released in 2011 by some distributor besides Disney. Filmyard is current content with generation revenue off Miramax's film library.[2]