Qatar Holding, partners buy Miramax Films

04 Dec 2010

(MENAFN) Entertainment giant The Walt Disney Company announced that it has sold its Miramax Films subsidiary to an investment group including Qatar Holding LLC, AFP reported.

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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