Wednesday, December 8, 2010

Online Money Making Opportunities



  • Olbermann, Assange, and the Holocaust Denier (12.7)

  • The War on Cameras (12.7)

  • How to Balance the Budget Without Raising Taxes (12.5)

  • Finally, Air Force Can't Afford Bombers, Schools Can't Hold Bake Sales (12.5)

  • Reason.tv: Obama Gets Busted on Mythbusters (12.6)






Amid a shrinking home entertainment market, many in Hollywood have questioned whether any investment in a film library these days is a wise one. However, people close to Colony said the firm is convinced that Miramax was a largely ignored asset that will generate enough cash to repay the debt portion of the purchase within four years.

The library comes with about $300 million in revenue committed from existing deals, along with approximately $100 million in projected revenue for movies released in the last 10 years, people close to the acquisition said.

Under Lang, the new Miramax is expected to explore making a digital distribution deal with Google’s YouTube, building miramax.com as a destination site to view movies online, and launching a new cable channel devoted to its library, which includes titles such as "Shakespeare In Love" and "Chicago." The new owners will also seek a new distributor for Miramax's DVDs, a service that will continue to be handled by Disney for the next several months.

The new Miramax will have between 60 and 80 employees and about $15 million in annual overhead spending, said people with knowledge of the plans. Though executives will explore rights deals and partnerships for sequels and spinoffs based on its library, Miramax won’t finance the production of new films for at least a year, those people said.


A key figure in the Miramax negotiations was Nanula, a longtime senior executive at Disney who served as chief financial officer when the company acquired the specialty studio in 1993 from the Weinsteins.


When his boss, Barrack, gave him a green light to pursue entertainment acquisitions in late June, Nanula suggested they look at Miramax. Barrack contacted Tutor, who was already in talks with Disney to buy Miramax after a previous deal with Burkle and the Weinstein brothers collapsed.

As he had longstanding relationships with several Disney executives, including its lead negotiator, Executive Vice President of Corporate Strategy Kevin Mayer, Nanula spearheaded the talks beginning in early July. He and fellow Colony principal Justin Chang helped to shape the deal that Colony, Tutor and Disney agreed to in principle on July 23.

In the ensuing four months, many details of the purchase were reshaped, as investors originally brought in by Tutor, including Morgan Creek Productions Chief Executive James Robinson, were replaced by parties associated with Colony, most notably the Qatar fund.


Colony and Tutor plan to begin assembling their executive team in the coming weeks. Along with Lang, who has extensive experience in digital media, they are expected to hire a senior television distribution executive to sell Miramax movies to cable and broadcast networks around the world. At one point, talks were underway with Metro-Goldwyn-Mayer TV executive Jim Packer, but the two sides didn't reach an agreement.


-- Ben Fritz


Related:


Ron Tutor-led group closes Miramax deal


New Miramax closing in on CEO, other executives


Disney agrees to sell Miramax to investor group led by Ron Tutor


Top photo: Thomas J. Barrack. Bottom photo: Richard Nanula. Credit: Colony Capital.



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Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


bench craft company scam

Steelers <b>News</b> and Notes: - Behind the Steel Curtain

A few notes and thoughts from the Steelers thrilling Sunday night win over the Ravens, as well as updates on the injury front for the six-time Super Bowl champs.

More App Store <b>News</b>: No Mac App Store Promo Codes, iOS/Mac App <b>...</b>

In addition to today's news that promo codes for applications in Apple's iOS App Store are now valid worldwide, several other items of interest related to the iOS and Mac App Stores have surfaced yest.

<b>News</b> - Elizabeth Edwards Dies at 61 - Celebrity <b>News</b> - UsMagazine.com

John Edwards' estranged wife lost her six-year battle with cancer on Tuesday.


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