TheDisneyBlog is reporting that Disney is closing Miramax studios and selling its assets. Miramax is the more mature and artistic live-action studio of the Walt Disney Company, and the producer of such classics and Oscar-winning movies as Chicago, The Aviator, Finding Neverland, The Queen, No Country for Old Men, and There Will Be Blood. This marks the end of an era for the Disney studios, and of a dream for the Weinstein brothers.
From the first of the two articles:
It's a shame, because Miramax was so largely responsible for giving Disney a major presence at the Oscars, and helped to give the company a lot of credibility with the critics. Seems as if a studio is more artistic than box-office-smashing, or its films can't be continually marketed as franchises, then Disney ain't interested.When Eisner added the Weinstein brotherís Miramax studio to its quiver there were a lot of people wondering if that arrow would shoot straight. But it was fashionable in Hollywood at the time to have a boutique label that could go and win a couple Oscarís every year and if it lost a tens of millions of dollars a year, well that was the price for fame.
Well, thereís a new sheriff in town, CEO Bob Iger, and heís not interested in glamour for the studio, just franchises that are productive. So, Miramax found itself whittled down until just a skeleton crew was left to go through the motions. Now, the door will be locked on the Disney chapter for Miramax and the final 80 employees out on the street. A sad ending for what was once a bright jewel of a studio, even if no one could ever tell you if it was diamond or paste.
What are your thoughts on this?