Disney Sells Miramax For $660 Million
Posted on Fri Jul 30, 2010 11:29 AM PDT

miramax200.jpgLOS ANGELES, California (X17online) - Disney has sold Miramax Films to Filmyard Holdings LLC for $660 million. The deal won't be finalized until later this year ... between Sept. 10th and the end of December.

The sale will also include the rights to over 700 film titles like Chicago and No Country for Old Men.

Disney CEO Robert Iger released the following statement:

    "Although we are very proud of Miramax's many accomplishments, our current strategy for Walt Disney Studios is to focus on the development of great motion pictures under the Disney, Pixar and Marvel brands. We are delighted that we have found a home for the Miramax brand and Miramax's very highly regarded motion picture library."