Viacom Inc., the media company that’s combining with CBS Corp., has emerged as the front-runner to buy a stake in Miramax films, which owns award-winning pictures such as Pulp Fiction, people familiar with the matter said. (Bloomberg)
Lionsgate Entertainment has bowed out of the race to acquire Miramax, which was founded by Bob and Harvey Weinstein in 1979 and boasts a library of 700 films. (THR)
Lionsgate’s current worldwide home entertainment rights deal (packaged and digital) to the Miramax library, which it has had for the past seven years, remains intact. (Deadline)
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Miramax’s owner, the Qatar broadcaster BeIN Media Group, has been seeking a buyer for a 50 percent stake in Miramax since June. (LA Times / Company Town)