Miramax’s board of directors has begun exploring a sale of the company, whose library contains such Oscar winners as Shakespeare in Love, Chicago, Pulp Fiction and Good Will Hunting.
According to a report in Bloomberg, the company, owned by Colony Capital and Qatar Holding, is interviewing banks in hopes of finding a buyer willing to put up as much as $1 billion.
Founded by Bob and Harvey Weinstein in 1979, Miramax currently consists of a library of more than 700 films.
All together, they have earned 282 Academy Award nominations and 68 Oscars and could be of interest to another media company in the market for content.
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