**ITS OFFICIAL** Walt Disney buys 21st Century FOX

[MartyMcFly]

Yeah I should've specified with MCU, Pixar and Lucasfilm. Looking at their filmography for 2017 and the only thing that Disney Studios dropped was Pirates and Beauty &The Beast, the rest belong to those 3 brands I mentioned.

Do you know why they sold Miramax and Dimension?

They never owned dimension as far as I know. Could be wrong. Miramax tumbled once Harvey and his brother left to form TWC. I think dimension is still a part of TWC in some way buuuuut yeah clearly all that’s about to change anyway

 

[MartyMcFly]

That's why this is such a shame.

No more Gone Girl type adult movies

Holy shyt they did do gone girl didn’t they? Yeah that sucks

Had to remind myself Sony made the social network

Who’s got Molly’s game?

 

[Atsym Sknyfs]

Yeah I should've specified with MCU, Pixar and Lucasfilm. Looking at their filmography for 2017 and the only thing that Disney Studios dropped was Pirates and Beauty &The Beast, the rest belong to those 3 brands I mentioned.

Do you know why they sold Miramax and Dimension?

On June 30, 1993, Miramax was purchased for $60 million by The Walt Disney Company to enter the independent film market.[4] Harvey and Bob Weinstein continued to operate Miramax until they left the company on September 30, 2005. During their tenure, the Weinstein brothers ran Miramax independently of other Disney subsidiaries. Disney, however, had the final say on what Miramax could release (see Fahrenheit 9/11 and Dogma, for examples).[4] Disney's Buena Vista Home Entertainment division released Miramax output.

With more stable budget, Miramax began moving beyond acquisitions and distribution into film productions. Dimension Films was run by Bob and specializing in teen and horror genre films[4] and created the Scream and Scary Movie film franchises. Harvey funded larger projects and from up and coming directors including Robert Rodriguez, Gus Van Sant and Quentin Tarantino. Some of the films earned Oscars.[4]

In 1997, Miramax joined Peter Jackson as primary financial backer in attempting to get a Lord of the Rings (LOTR) films produced. Disney dislike the cost of a trilogy requesting that it be produced as a single film. Jackson and Zaentz rejected Disney's request, thus looked for another studio or financier. Thus, Miramax sold for about $12 million the rights for the LOTR and The Hobbit to New Line Cinema in August 1998. Miramax retained a 5% stake in the films' gross then gave 2.5% to the Weinsteins.[5]

Harvey had Miramax found Talk magazine with Tina Brown in 1998 without approval of then Disney chief Michael Eisner, which upset Eisner. Also that year, 30 former employees filed suit over unpaid overtime wages.[4]

By 2003, Miramax was less operating in the independent film market but more a mini-major as the company only acquired 3 films while producing Cold Mountain for $80 million. The Weinsteins claimed the company was profitable, but Walt Disney Co. president Robert Iger indicated in June 2004 that they were not properly accounting for "account standard overhead, distribution fees, bonuses that we pay Bob and Harvey. Nor are they applying current accounting rules."[4]

After extensive negotiations and much media and industry speculation, on March 30, 2005, Disney and the Weinsteins announced that they would not renew their contractual relationship when their existing agreements expired at the end of September 2005. The primary source of dispute was over distribution of Fahrenheit 9/11 by Michael Moore.[6] Disney's film studio consortium, Buena Vista Motion Pictures Group, assumed control of Miramax, which was projected to have a smaller annual production budget. The Weinsteins started a new film production company called The Weinstein Company, and took the Dimension Films label with them. The Miramax name remained with the film studio owned by Disney. Production at Miramax was taken over by Daniel Battsek,[6] who had been head of Buena Vista International in the UK. Battsek refocused Miramax to produce films of high quality but low budget. Maple Pictures held the rights to distribute Miramax films in Canada from 2008 up until August 10, 2011, when Maple Pictures was acquired by Alliance Films.[7]

On October 3, 2009, Disney announced that the staff of Miramax was to be reduced by 70%, and the number of releases would be reduced by half to just three films per year. The label's marketing, distribution and administrative functions, which had operated independently, would be folded into the parent studio in Burbank. The move became effective in January 2010.[8] On October 30, 2009, Disney announced the resignation of Daniel Battsek as President of Miramax Films, effective when the transition from the studio in New York to Burbank was completed.[9] The company merged its operations with The Walt Disney Studios on January 28, 2010, shutting down Miramax's separate New York and Los Angeles offices.[6][10]

Though Disney Studio Chairman dikk Cook was a staunch supporter of Miramax, the brand was less of a priority for CEO Bob Iger, whose strategy was to focus on Disney's branded mass entertainment that can be exploited across Disney's theme parks, television and consumer products. Following Disney's $4-billion acquisition of Marvel Entertainment in 2009, Cook was succeeded by Rich Ross.[11] As a result, Miramax was relegated to the status of distribution label.[12] The company confirmed that it was looking into the selling the Miramax label on February 9, 2010, with Bob Iger explaining, "We determined that continuing to invest in new Miramax movies wasn't necessarily a core strategy of ours".[13]

On November 23, 2010, it was reported that Google was interested in purchasing the digital rights to the Miramax library to improve the premium content offerings on YouTube, and compete with similar services such as Hulu and Netflix.[14]

 

[Brandeezy]

Yeah, creative films are gonna get fukked. Disney is gonna want to put a blockbuster in every month then add in the fact that the other studios will likely follow suit. The smaller films are gonna be overshadowed.

Also rumor is that one of the Murdoch's are gonna take over for Iger

 

[Atsym Sknyfs]

They never owned dimension as far as I know. Could be wrong. Miramax tumbled once Harvey and his brother left to form TWC. I think dimension is still a part of TWC in some way buuuuut yeah clearly all that’s about to change anyway

Dimension was a by-product of buying Miramax....

Technically Disney released Kill Bill 1 & 2

 

[Atsym Sknyfs]

Yeah, creative films are gonna get fukked. Disney is gonna want to put a blockbuster in every month then add in the fact that the other studios will likely follow suit. The smaller films are gonna be overshadowed.

Also rumor is that one of the Murdoch's are gonna take over for Iger

which should bring more attention to Cannes and other small budget/small market festivals.

 

[MartyMcFly]

Dimension was a by-product of buying Miramax....

Technically Disney released Kill Bill 1 & 2

Which is why I can’t wait to see who gets it next. shyt their whole catalogue is incredible for the most part. I wouldn’t be surprised if blumhouse scooped up dimension

 

[Dominic Brehetto]

That wiki article about miramax pretty much sums it up and why people are against this.


The current ceo shut it down because they're only interested in big franchises.

I'd rather fox sell the x men and f4 rights then have this happen. That's all the disney shills in here care about anyway.

 

[JerseyBoy23]

That's why this is such a shame.

No more Gone Girl type adult movies

Exactly, people are looking at this from the micro sense of it helps the comic book movies.

While what will really be lost are flicks like Kingsman, The Revenant, The Martian, Taken, Paper Towns, Life of Pi, Chronicle, In Time, 500 Days of Summer, Birdman, hell Fox even took a chance on distributing Red Tails.

I'm scared that any flicks that aren't big budget getting green light.

 

[Atsym Sknyfs]

The downside is that Universal/Comcast and AT&T/Time Warner will start buying studios now since they'll want to compete with Disney. The "BIG SIX" is gonna be the "BIG THREE" soon. Paramount & Sony are up next on the chopping block.

Well ATT already owns Direct TV and Time Warner and ALL Warner Studios.... which is another reason JL was rushed .. to get it before everything was final

 

[Brandeezy]

Well ATT already owns Direct TV and Time Warner and ALL Warner Studios.... which is another reason JL was rushed .. to get it before everything was final

Funny thing is that the merger got delayed to Spring 2018 because Trump doesn't want AT&T to get CNN so they're going to court.

 

[Atsym Sknyfs]

That wiki article about miramax pretty much sums it up and why people are against this.


The current ceo shut it down because they're only interested in big franchises.

I'd rather fox sell the x men and f4 rights then have this happen. That's all the disney shills in here care about anyway.

but FOX is a bigger name than Miramax was..... if these studios are smart they need to operate 3-4 studios like car manufacturers do their models/sizes .. sentra/maximas/muranos/pathfinder/quest ... all different models marketed and built for different types if users

a blockbuster studio (big budget 150M++
animation
small budget (under 25M ... then maybe 25-50 ... )
Risqué / edgy and etc..

 

[Dominic Brehetto]

but FOX is a bigger name than Miramax was..... if these studios are smart they need to operate 3-4 studios like car manufacturers do their models/sizes .. sentra/maximas/muranos/pathfinder/quest ... all different models marketed and built for different types if users

a blockbuster studio
animation
small budget
Risqué / edgy and etc..

And maybe they will let fox be fox. And that is what we can hope for.

But disney's actions in the last 10 years speak for themselves about the company they are right now.

 

[MartyMcFly]

Exactly, people are looking at this from the micro sense of it helps the comic book movies.

While what will really be lost are flicks like Kingsman, The Revenant, The Martian, Taken, Paper Towns, Life of Pi, Chronicle, In Time, 500 Days of Summer, Birdman, hell Fox even took a chance on distributing Red Tails.

I'm scared that any flicks that aren't big budget getting green light.

Preach

 

[Ethnic Vagina Finder]

He's simply a fellow dork who takes educated guesses which are usually right

he gave a synopsis of the Justice League movie 2 years ago that was about 85% accurate

His Intel and counter Intel on comics is