beIN Media Group (Qatar) acquires all the shares of the US studio Miramax

The Qatari group beIN Media Group has acquired all the shares of the US studio Miramax, from the US investment fund Colony Capital to the Qatari investment fund Qatar Investment Authority, announced the Qatari group on 01/03/2016.

The cost of the acquisition of Miramax, which has been covered by the US press since 16/11/2015, has not been disclosed. Through Miramax, beIN Media Group now has a catalogue of over 700 films, including 68 Academy Award winners. The Qatari group said that Miramax will continue to operate as an independent film and television studio.

"Miramax is a successful film and television company, providing a strong and recognizable brand, a unique library and industry expertise that complement beIN Media Group’s plans to grow across the entertainment industry and develop new content production," said Nasser Al-Khelaifi, president and CEO of beIN Media Group.

The acquisition could enable Colony Capital to triple its initial investment, or €531m (Bloomberg)

• The acquisition of Miramax by the beIN Media Group from Colony Capital could be worth more than triple the…