[Movies] Weinsteins Take Back Control of Miramax Library
Posted by Jeremy Thomas on 12.16.2013
They're considering sequels for Rounders 2 and Shakespeare in Love...
The Weinsteins have taken control of the Miramax library back into their possession. Deadline reports that Harvey and Bob Weinstein have signed a deal to take creative control of the library. The brothers founded Miramax but Disney acquired the company in 1993. The Weinsteins left in 2005 and formed The Weinstein Company.
Colony Capital principal Tom Barrack Jr. is part of the deal as well; his company along with Qatar Holding bought the library in 2010 but were unable to develop new content because of ownership rights. Barrack told the site, "Sure, we own the intellectual property in the library, and most of the intellectual properties in development, but we didn't have the art form. If I called Quentin Tarantino and said, I have a great idea how to do a Pulp Fiction TV series, chances are it would be a very short conversation. The ability to take all these threads and sew them into a tapestry, is really the magic elixir. We've all decided it's time for a quantum leap and that's why we're all together."
The deal will run for twenty years and so far the company is planning development of sequels for Shakespeare In Love and Rounders, as well as TV series versions of Flirting With Disaster, Swingers, and Good Will Hunting.
Harvey Weinstein said of the deal, "It's like unlocking a kingdom full of gold, which Tom describes as diamonds. In an age where there is so much demand for television, we see a lot of TV series. I personally have never made a sequel, but I will make Shakespeare In Love as one. I've always wanted to do that and now we have the impetus to. There is so much intellectual property, and we're in an age where, for however long it lasts, content is king...I've discussed making Rounders 2 with Matt Damon and I would say that's going to be instantaneous. The guys [writers David Levien and Brian Koppelman] have a great idea, a way to make it more international where you start the card game in Paris, that's all I want to say. There might be a certain beautiful Parisian actress involved in it, and then we're off to the racetrack and Vegas with Matty and Edward Norton, and a new supervillain to replace John Malkovich."