It has been reported on Saturday that Walt Disney Co will have an exclusive talk on Monday to sell its Miramax film unit to Los Angeles construction magnate Ron Tutor and film financier partner David Bergstein.
When Disney declined the comments, Tutor and Bergstein were unavailable. The Tutor has said that the exclusive negotiating window would expire at midnight on June 17; however, he added that such deadlines were frequently extended.
The newest development follows an unsuccessful effort by Miramax founders Bob and Harvey Weinstein, along with supermarket magnate Ron Burkle, to purchase back the arthouse studio for about $600 million. Such films have been created by the studio as Pulp Fiction.