Viacom In The Lead Of Betting War For Miramax Films
Viacom is now the frontrunner to buy a part of Miramax Film library, now as Lionsgate has pulled out from the process.
According to the sources for Variety, the deal was possible worth up to $100 million. If now that this deal would be successful, it would mean that Viacom would have access to over 800 titles, which now include; Pulp Fiction, Shakespeare in Love and Good Will Hunting. It would also include Guy Ritchie’s upcoming The Gentlemen starring Matthew McConaughey.
Spyglass Media Group was for a moment interesting in the bid-war but dropped out. The owner for Miramax took the decision to stake out a part of the company, in terms to keep up with the competition of the fast-changing industry with Streaming-services from Disney, NBC Universal, Apple, AT&T. Viacom and CBS is also merged together, as well on August 13th 2019.