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Variety: ViacomCBS Sets US$375 Million Deal for 49% Stake in MiramaxDecember 20, 2019
O’Melveny represented ViacomCBS in its deal to acquire a 49 percent stake in Miramax from BeIN Media Group for US$375 million, this Variety article reported. As Variety noted, ViacomCBS will pay US$150 million in cash up front, plus a commitment to invest US$45 million a year for five years to fund new film and TV projects and working capital. The deal also gives ViacomCBS’s Paramount Pictures worldwide distribution rights to Miramax’s library of 700 movies.
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