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Wed 24 Feb 2016 02:32 PM

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Qatar's BeIn Media Group hopes to buy US film studio Miramax

Privately-held Miramax owns the rights to hundreds of Hollywood films including Bridget Jones' Diary

Qatar's BeIn Media Group hopes to buy US film studio Miramax

BeIn Media Group is optimistic of agreeing a deal to buy Californian film studio Miramax, the Qatari firm's deputy chief executive told Reuters on Wednesday.

"We are optimistic. I think you might hear something on this in the short-term," Yousef al-Obaidly, deputy CEO of state-owned Bein Media Group, told Reuters on the sidelines of a company event in Doha.

Privately-held Miramax, which owns the rights to hundreds of Hollywood films including "Bridget Jones' Diary" and "The English Patient," was exploring a potential sale, sources told Reuters last July.

An investor group including state-owned Qatar Holding and Thomas J Barrack Jr's investment firm Colony Capital bought the company from Disney in 2010 for $660 million.