Weinsteins Fail To Win Back Miramax

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May 27, 2010 | 2:30pm EST

Movie moguls Harvey and Bob Weinstein have failed to negotiate a deal with bosses at The Walt Disney Company to buy back the production company they founded in 1979.
Miramax Studios was snapped up by The Walt Disney Company in 1993 after the company became a leading distributor of independent films, and the Weinstein brothers left the firm for good in 2005 to set up The Weinstein Company.
Miramax subsequently fell into financial difficulty and its New York and Los Angeles offices closed for good in January.
Eighty employees were made redundant and six films were shelved in the studio’s vaults, awaiting distribution.
The Weinsteins, who were responsible for hit films such as Reservoir Dogs, Pulp Fiction and The English Patient, entered talks to take back Miramax earlier this year (10) but discussions broke down this week, according to The Wall Street Journal.