Miramax pre-reorganization

Miramax films will restructure their operations, by the authority of parent company Disney, consolidating various business and development branches in order to raise company efficiency. This will reportedly result in fewer movies being produced year to year. It was not said how many films the company will now release annually (they released 8 films per year the last 2 years).

Disney itself will also now handle certain marketing, distribution, and administrative functions to help with the process.

“Disney has a first-rate marketing and distribution team operating globally,” said Walt Disney Studios president Alan Bergman in a statement. “This restructuring maximizes operating efficiencies and provides significant cost savings while allowing Miramax to focus on its greatest strength; the creation of high-quality entertainment.” -Variety

Source: Variety