Disney Shuts Miramax Studios Down
Monday, February 1st, 2010Hollywood lost a once prominent movie-making company on January 28 when The Walt Disney Company shut down Miramax Films. Both the New York and Los Angeles offices were closed, and about 80 employees, including the division’s president, Daniel Battsek, were laid off. While Miramax had a dwindling number of dedicated employees in recent years, even at the Disney’s management headquarters in Burbank, the label announced that it will be retained by Disney and still release about three movies per year. The independent studio, which also acted as both producer and distributor for its own foreign films, was founded in 1979 by Bob and Harvey Weinstein. The brothers named the division…










