Former Colony Capital CEO Thomas Barrack, a longtime ally of Donald Trump who was arrested on Tuesday on seven federal criminal charges, has long had ties to Hollywood beyond his home in Santa Monica.
A decade ago, the 74-year-old private equity real estate investor partnered with construction magnate Ronald Tutor and the Qatar Investment authority to buy Miramax from Disney for $660 million. He served as chairman of company, mostly signing licensing deals for the 700-film library of Oscar-winning titles without producing much new content.
The one-time indie giant had fallen on hard times after the 2005 exit of founding partners Bob and Harvey Weinstein, who attempted to buy back the company from Barrack and his partners. Instead, Barrack sold Miramax in 2016 to the Qatar-based beIN Media Group for an undisclosed amount.
Barrack, who founded Colony Capital in 1990, continued to explore Hollywood ventures in the last decade — and even saved Michael Jackson...
A decade ago, the 74-year-old private equity real estate investor partnered with construction magnate Ronald Tutor and the Qatar Investment authority to buy Miramax from Disney for $660 million. He served as chairman of company, mostly signing licensing deals for the 700-film library of Oscar-winning titles without producing much new content.
The one-time indie giant had fallen on hard times after the 2005 exit of founding partners Bob and Harvey Weinstein, who attempted to buy back the company from Barrack and his partners. Instead, Barrack sold Miramax in 2016 to the Qatar-based beIN Media Group for an undisclosed amount.
Barrack, who founded Colony Capital in 1990, continued to explore Hollywood ventures in the last decade — and even saved Michael Jackson...
- 7/21/2021
- by Diane Haithman
- The Wrap
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