Word: miramaxes
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Your piece on Miramax and its co-chairmen, Harvey and Bob Weinstein [SHOW BUSINESS, April 8], asked, "Has Harvey Lost His Way?" Many relevant facts suggest otherwise. Wouldn't you consider Harvey to be "back on track" after acquiring the Sundance hit and Best Picture Oscar nominee In the Bedroom for $1.5 million and seeing it gross more than $35 million domestically? And what about acquiring the French sensation Amelie at script stage for $1 million and watching it gross $31 million in the U.S.? Should Harvey really "admit defeat" after Miramax received 15 Academy Award nominations, the most...
This means, argues economist Sylvia Ann Hewlett in her new book, Creating a Life: Professional Women and the Quest for Children (Talk Miramax Books), that many ambitious young women who also hope to have kids are heading down a bad piece of road if they think they can spend a decade establishing their careers and wait until 35 or beyond to establish their families. Even as more couples than ever seek infertility treatment--the number of procedures performed jumped 27% between 1996 and 1998--doctors are learning that the most effective treatment may be prevention, which in this case means...
...commercial films, Harvey has gone astray. He admits to being distracted, starting in 1999, when he was sidelined with a serious bacterial infection. He became focused on politics, campaigning for Hillary Clinton and Al Gore. But it was Talk magazine that became his white whale. A joint venture between Miramax and Hearst, the talked-about but uncompelling monthly died after less than three years. One Miramax executive says the company lost $27 million. Another says, "Talk was a constant distraction. Harvey wanted it to succeed as a magazine and financially, and every day was another problem." For a while...
...Miramax is like the overnight sensation that for a little while bought into their press and moved away from the things that helped define them," says Kevin Smith, whose career as a cult filmmaker began after Miramax released his $27,000 indie Clerks in 1994. "They overextended and overreached, and now it seems like they're reining it all back in... This is the company that made Pulp Fiction, that put out The Piano and The Crying Game--why on earth would they make something like Kate & Leopold or She's All That...
...been good in spite of all the colorful problems. Cost overruns on Gangs of New York have been softened by sales to foreign distributors, which, according to Harvey, should limit his company's investment to less than $30 million. The job cutbacks, he points out, have simply brought Miramax back to October 2001 levels. "We just didn't need to have all that staff around," he says. According to Disney CEO Michael Eisner, the Weinsteins still enjoy strong support from their parent company. "They may get under people's skin, including ours sometimes," says Eisner, "but the pain is worth...