A Qatar-based media group that has already moved into international sports broadcasting has purchased a 100-percent stake in the film studio Miramax, part of its expansion into the entertainment business.
The beIN Media Group, which earlier spun off from Doha’s Al-Jazeera network, bought the studio famous for “Pulp Fiction,” ”No Country for Old Men” and “The English Patient” from investors including Colony Capital and the Qatar Investment Authority, the Gulf nation’s sovereign wealth fund.
Terms of the deal were not disclosed in a statement announcing the purchase late Wednesday. The beIN network did not respond to requests for comment Thursday.
“Miramax is a successful film and television company, providing a strong and recognizable brand, a unique library and industry expertise that complement beIN Media Group’s plans to grow across the entertainment industry and develop new content production,” Nasser Al-Khelaïfi, beIN’s chairman and CEO, said in the statement. Read more