ViacomCBS Nears Deal for Minority Stake in Miramax (Exclusive)
ViacomCBS is close to a deal to buy a minority stake in Miramax, according to two individuals with knowledge of the talks.The pact could be finalized as early as Friday.
The investment is said to be in the neighborhood of $100 million.
As part of the arrangement, ViacomCBS will have the right to distribute Miramax’s film library of about 700 titles worldwide through Paramount Pictures and CBS’ sales and marketing units.
The deal also calls for Paramount and ViacomCBS to provide ongoing resources to Miramax to help develop new projects and intellectual property, as well as reboots of library assets.Miramax was one of the leading forces in independent film for decades.
ViacomCBS wants the library and the IP assets to help fuel
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