‘Whitney’ Movie Bombshell Reveals Singer’s Childhood Abuse; Director Explains Decision To Name Abuser

Audiences are filing out of the world premiere screening of Kevin Macdonald’s Whitney at the Cannes Film Festival tonight, a new documentary that sheds fresh light on iconic singer Whitney Houston’s tragic and puzzling rise-and-fall story. …

Audiences are filing out of the world premiere screening of Kevin Macdonald’s Whitney at the Cannes Film Festival tonight, a new documentary that sheds fresh light on iconic singer Whitney Houston’s tragic and puzzling rise-and-fall story. Interviewing Houston’s closest family and friends, Macdonald made two illuminating new discoveries that appear in the film: one, that the singer had been abused as a child, and, two, that the abuser was a woman, Houston’s cousin Dee-Dee…

‘Toff Guys’: Guy Ritchie Hits the Cannes Market As Miramax Buys His Newest Crime-Centric Movie

The “Snatch” filmmaker is going back to his indie roots on his next movie about the crazy global marijuana business.

Miramax will finance Guy Ritchie’s new film “Toff Guys” in the Cannes market. After Warner Bros. balked on backing Ritchie’s latest after losing so much money on his 2017 fantasy flop “King Arthur: Legend of the Sword,” director-producer Ritchie took this movie about old European wealth and the gang-ridden modern marijuana business to foreign buyers. He co-wrote the film’s screenplay with Marn Davies and Ivan Atkinson. Some Cannes buyers found the $50-million-plus price tag a tad steep.

Miramax CEO Bill Block, who is banking on Ritchie’s global commerciality with such films as his high-earning “Sherlock Holmes” series, anticipates working with “a master filmmaker in his element who is committed to delivering a super fun kick ass theatrical experience,” he said in an official statement. Miramax will eventually partner with another distributor.

Ritchie is also directing Disney’s latest live-action remake, “Aladdin,” starring Will Smith as the genie, along with Mena Massoud and Naomi Scott. That film is set to debut in May of next year.

BeIN Media Group, led by Chairman Nasser Al-Khelaifi, acquired film and TV production company and library Miramax in March 2016.

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Miramax Pays $30 Million for Guy Ritchie’s ‘Toff Guys’

Miramax Films closed a $30 million deal to secure the world rights for Guy Ritchie’s next film, “Toff Guys.” The British gangster drama will explore the collision between old money European wealth and the modern marijuana industrial c…

Miramax Films closed a $30 million deal to secure the world rights for Guy Ritchie’s next film, “Toff Guys.” The British gangster drama will explore the collision between old money European wealth and the modern marijuana industrial complex with new gang entrants swarming. Ritchie will direct and produce from a script he wrote with Marn Davies […]

Miramax Secures $300M Credit Facility Led by Bank of America Merrill Lynch and MUFG Union Bank

Miramax has secured a multi-bank revolving credit facility of $300 million in a five-year agreement that will help ramp up the studio’s production slate.
A lenders, led by Bank of America Merrill Lynch and MUFG Union Bank, will provide financing …

Miramax has secured a multi-bank revolving credit facility of $300 million in a five-year agreement that will help ramp up the studio’s production slate. A lenders, led by Bank of America Merrill Lynch and MUFG Union Bank, will provide financing for MGM to produce four- to six films a year and deficit finance two to three television series, the studio said. "The credit facility allows Miramax to efficiently finance its current and future production slate as we shift to…

Miramax Secures $300 Million Loan From Multiple Banks to Fund Film, TV Productions

Miramax has secured a $300 million multi-bank revolving credit facility that will fund film and TV productions for the next five years, the company announced Thursday.

The loan, led by Bank of America Merrill Lynch and MUFG Union Bank, should provide the studio with enough financing to produce four-to-six films a year and deficit finance two-to-three TV series.

The goal of the funding is to help provide Miramax with a strategy for growth while ramping up its film and TV slate.

Also Read: Anne Heche Suggests Harvey Weinstein Fired Her From Miramax Film After She Refused Sexual Contact

Last year, Miramax tapped veteran film exec Bill Block as its new CEO after Stephen Schoch stepped down from the role.

“Bank of America Merrill Lynch is proud to support Miramax, a valued client and one of the most successful content companies in the entertainment business,” said Randy Hua, head of Bank of America’s L.A.-based tech, media and entertainment group, said in a statement. “This credit facility will allow Miramax the flexibility to continue to strategically grow their film and television capabilities with innovative and exciting content.”

The deal was secured ahead of the 2018 Cannes Film Festival, which Miramax is attending.

“Union Bank is excited to support Bill’s leadership of Miramax as it endeavors to bolster its premier library assets with an ambition for a robust film and television content creation slate” Bryan LaCour, head of Union Bank’s entertainment finance team, said in a statement.

Also Read: ‘We Were All Complicit’: 3 Bombshells From the Harvey Weinstein ‘Frontline’ Special (Video)

Miramax underwent a restructuring last year where the studio laid off roughly 45 people last year across film, TV, sales and finance support staff.

At the time, Block said the cuts and reorganization were necessary to streamline the company and set it up for growth.

“We are thrilled to commence a valued partnership with Bank of America Merrill Lynch and MUFG Union Bank,” Block said in a statement. “The credit facility allows Miramax to efficiently finance its current and future production slate as we shift to increase our growth.”

Also Read: Harvey Weinstein, Miramax and TWC Board Slapped With New Class-Action Harassment Suit From 6 Women

Miramax’s upcoming projects include the Johnny Depp-Forest Whitaker police drama “LAbyrinth,” which Miramax will co-finance with Open Road Films. It also has the documentary “Whitney” about late singer Whitney Houston for U.S. distribution.

Disney, which had acquired Miramax from co-founders Bob and Harvey Weinstein in 1993, sold the indie unit to a group of investors for $660 million in 2010. BeIN Media Group, which is owned by Qatar’s Al Jazeera, then acquired the company in 2016.

Block and Miramax EVPs of Finance Dennis Hands, Jeremy Gross and David Cragnotti negotiated the deal on behalf of the studio. Hua handled the deal on behalf of Bank of America.

Related stories from TheWrap:

Former Miramax, Weinstein Employees Raise Money Against Sexual Violence

Miramax Lays Off Most of TV and Film Production Staff

Whitney Houston Doc to Get US Release From Miramax, Roadside Attractions

Miramax has secured a $300 million multi-bank revolving credit facility that will fund film and TV productions for the next five years, the company announced Thursday.

The loan, led by Bank of America Merrill Lynch and MUFG Union Bank, should provide the studio with enough financing to produce four-to-six films a year and deficit finance two-to-three TV series.

The goal of the funding is to help provide Miramax with a strategy for growth while ramping up its film and TV slate.

Last year, Miramax tapped veteran film exec Bill Block as its new CEO after Stephen Schoch stepped down from the role.

“Bank of America Merrill Lynch is proud to support Miramax, a valued client and one of the most successful content companies in the entertainment business,” said Randy Hua, head of Bank of America’s L.A.-based tech, media and entertainment group, said in a statement. “This credit facility will allow Miramax the flexibility to continue to strategically grow their film and television capabilities with innovative and exciting content.”

The deal was secured ahead of the 2018 Cannes Film Festival, which Miramax is attending.

“Union Bank is excited to support Bill’s leadership of Miramax as it endeavors to bolster its premier library assets with an ambition for a robust film and television content creation slate” Bryan LaCour, head of Union Bank’s entertainment finance team, said in a statement.

Miramax underwent a restructuring last year where the studio laid off roughly 45 people last year across film, TV, sales and finance support staff.

At the time, Block said the cuts and reorganization were necessary to streamline the company and set it up for growth.

“We are thrilled to commence a valued partnership with Bank of America Merrill Lynch and MUFG Union Bank,” Block said in a statement. “The credit facility allows Miramax to efficiently finance its current and future production slate as we shift to increase our growth.”

Miramax’s upcoming projects include the Johnny Depp-Forest Whitaker police drama “LAbyrinth,” which Miramax will co-finance with Open Road Films. It also has the documentary “Whitney” about late singer Whitney Houston for U.S. distribution.

Disney, which had acquired Miramax from co-founders Bob and Harvey Weinstein in 1993, sold the indie unit to a group of investors for $660 million in 2010. BeIN Media Group, which is owned by Qatar’s Al Jazeera, then acquired the company in 2016.

Block and Miramax EVPs of Finance Dennis Hands, Jeremy Gross and David Cragnotti negotiated the deal on behalf of the studio. Hua handled the deal on behalf of Bank of America.

Related stories from TheWrap:

Former Miramax, Weinstein Employees Raise Money Against Sexual Violence

Miramax Lays Off Most of TV and Film Production Staff

Whitney Houston Doc to Get US Release From Miramax, Roadside Attractions

Cannes: Miramax Secures $300 Million Credit Facility

Miramax has secured a multi-bank revolving credit facility for $300 million led by Bank of America Merrill Lynch and MUFG Union Bank that extends for five years. The deal was announced Thursday, less than a week before the launch of the Cannes Film Fes…

Miramax has secured a multi-bank revolving credit facility for $300 million led by Bank of America Merrill Lynch and MUFG Union Bank that extends for five years. The deal was announced Thursday, less than a week before the launch of the Cannes Film Festival, which Miramax executives will attend. It provides financing for the studio […]

Miramax, Lionsgate, MGM Drop Out Of Weinstein Company Bankruptcy Auction

EXCLUSIVE: Lantern Capital’s path toward winning the assets of The Weinstein Company just got much clearer. Sources said that Miramax, Lionsgate, MGM and Vine and Shamrock have all decided not to tender bids. “It looks like nobody showed up…

EXCLUSIVE: Lantern Capital’s path toward winning the assets of The Weinstein Company just got much clearer. Sources said that Miramax, Lionsgate, MGM and Vine and Shamrock have all decided not to tender bids. “It looks like nobody showed up today,” was how one informed source put it. Those companies had been angling through the early bidding process for the assets of a company that hit the rocks following the Harvey Weinstein scandal. Lantern Capital, which was part of…