Big news today. A giant in the film world Miramax has closed down. Although the move has been suspected for quite some time since the departures of it's founders Bob and Harvey Weinstein, it had always been a big question as to whether or not its parent company Disney could maintain it in their absence. All told exec Daniel Battsek ran the company the best he could, aquiring films like "Tostsi," "The Queen," and "The Diving Bell and the Butterfly" (a personal favorite) but it seems the out-of-sorts film company was always at odds with its owner -- like a teenager rebelling against a parent.
Variety says that speculation is now back on the Weinstein brothers as to whether or not they will make a bid to buy back the company and rebuild it but many are unsure. For the moment Miramax will remain in the distribution business with 7 movies slated to come out this year and early next year.
I don't want to sound like a cliche and say something to the effect that all the other news media outlets are saying about how this is "the end of an era" because the truth is: it's the beginning of a new one. Miramax has had a good 20 year run and it could possibly do another 20. the way things look they could certainly do better than Disney's other studio arm, MGM has done. In any case, whether it does or not is besides the point. The show will go on. It always does.