Disney says good-bye to its main creative partner Miramax, founded by co-chiefs Harvey and Bob Weinstein.
According to their deal, the Weinsteins will receive a sizable settlement enabling them to start their own movie company. The expiration of their contract by Sept. 30 brings an end to 12-year agreement of the Mouse House with the duo.
Although the contradictions between the creative brothers and Disney’s administration began long ago, at the moment Harvey Weinstein credits Disney with helping his personal development as a businessman.
Starting in 1979, the Weinsteins founded Miramax to release "art house" movies. Many of them gained great success so that Disney paid $80 million in 1993 to buy the outfit. But while the brothers became part of the Magic Kingdom, they remained independent creators – responsible to Eisner only for the flop of their projects.
At the point, Harvey Weinstein says he and his brother are already working on movies for their new company, with a preliminary name The Weinstein Co.
The brother are going to create pieces in different genres including sequels to the "Spy Kids" and "Scary Movie" franchises. They also are working on the project of a version of Quentin Tarantino’s Kill Bill movies.