Lions Gate Entertainment Corp (LGF.B)

[starbuxsux]

Bloomberg: Miramax seeking up to $1B in sale
Jul 17 2015, 20:27 ET | By: Jason Aycock, SA News Editor Contact this editor with comments or a news tip
Miramax, the studio home for prestige films founded by Harvey and Bob Weinstein, is looking for a buyer in a sale it hopes will draw $1B, Bloomberg reports.Investment is coming back to the film sector in a rebound year for movies, and studio owners Colony Capital and Qatar Holding are betting that content-hungry distributors will take an interest in an award-heavy film library, including Oscar winners like Shakespeare in Love, Pulp Fiction and Good Will Hunting.Colony Capital and the Qatar sovereign wealth fund were among the group that bought Miramax from Disney for $660M five years ago.Potential buyers? That could include content-acquisitive streaming services like Hulu (CMCSA, DIS, FOXA), Netflix (NASDAQ:NFLX) or Amazon.com's Instant Video (NASDAQ:AMZN), or studios like MGM or oft-rumored buyer Lions Gate (NYSE:LGF), says Variety's James Rainey. A price of $1B is too steep for some of them, but with low information, it's tough to put a solid value on Miramax.