Filmyard takes Miramax

The demise of Miramax may now be over.  Yesterday, Disney finalized it’s sale of Miramax to Filmyard Holdings.   The same day that Blockbuster filed bankruptcy, the new ownership acknowledges the “open” playing field for future delivery of independent films.  Miramax, recognized for it’s ability to bring great independents to the main stream – Tarantino’s films like Pulp Fiction come to mind, now faces the digital delivery model.  Colony Capital’s Tom Barrack, in a mid-day afternoon interview from Neverland Ranch with Erin Burnette, detailed his belief that Hollywood’s closed system is coming to an end similar to other industry consolidations (i.e. banking, real estate).

When DVDs rent for $1 thirty days after release at a local Redbox and major US theaters have 10 or less people per showing, it’s clear Colony is onto something.   Of course, future content will drive sales – and that’s where finding emerging talent that understand their audience plays a role.

Author: Mason Hayutin

Founder, Editor and contributing writer, Mr. Mason Hayutin is recognized for his depth of experience and knowledge in technology, energy economics, and the arts (fine and visual). Having worked with recognized world class artists and their estates since 1997, Mason brings a wealth of practical experiences from installations, marketing and private sales.

An active business advocate, he successfully released the fine art documentary film LUBIE LOVE in 2009 ahead of the global auto crisis – in addition to maintaining his tenure as Vice President of GALLERY M INC. Hayutin holds a degree in Economics from Washington University in St. Louis. You can read his insight here at The Art Quarterly as well as in regional and national publications.

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