Disney sells Miramax to Qatar-linked group
Entertainment giant The Walt Disney Company has sold its Miramax Films subsidiary to an investment group including Qatar Holding LLC, the group announced Friday.
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Filmyard Holdings LCC, whose partners also include Thomas J. Barrack Jr., Colony Capital LLC and Ronald Tutor, paid $663 million for the film company, it said in a statement.
The sale includes the rights to 700 films including Oscar-winners "Chicago," "Shakespeare in Love" and "No Country for Old Men," as well as non-film assets and the "Miramax" name.
Qatar Holding is the investment arm of Qatar's sovereign wealth fund.
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