ViacomCBS Buys Miramax Minority Stake
ViacomCBS bought a 49% stake in Miramax, with beIN Media Group retaining its 51% stake, it said Friday. The price was $150 million at closing plus a $225 million commitment over the next five years toward new film and TV…
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production and working capital, it said. The acquirer's Paramount Pictures gets an exclusive distribution agreement for Miramax's film library and first-look agreement to develop, produce, finance and distribute film and TV projects based on Miramax intellectual property.