By Shane McGinley
Qatar’s investment fund is among a group of investors who bought the studio from Disney for $663m
Miramax Films, the movie studio behind films such as Kill Bill, Shakespeare in Love and Chicago, has been bought by a group of investors including Qatar Holding, it was confirmed this weekend.
The $663m sale by Disney was to a group of investors that includes Qatar Holdings, the Filmyard Holdings investment group and the Colony Capital fund, in which the actor Rob Lowe is a minority investor.
Miramax Films currently has around 300 movie projects in development, 90 book rights and comes with a back catalogue of around 700 movies, including well known classics such as Shakespeare in Love, Chicago, The English Patient, Kill Bill, The Queen, Gangs of New York, Good Will Hunting, No Country for Old Men and the Spy Kids, Scary Movie and Scream franchises.
The deal included around $200m in cash and $400m raised by a group of banks led by Barclays, according to a report by the Hollywood Reporter newspaper.
The Miramax deal follows a series of high profile acquisitions by Qatar Holdings, which recently paid around $2bn for the Harrods department store in London and bought a five percent stake in Banco Santander’s Brazilian Spain's largest financial group.