Entertainment giant The Walt Disney Company has sold its Miramax Films subsidiary to an investment group including Qatar Holding LLC, the group announced Friday.
Filmyard Holdings LCC, whose partners also include Thomas J. Barrack Jr., Colony Capital LLC and Ronald Tutor, paid 663 million dollars 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.
Source: AFP Global Edition
