Get ready for a series of second installments of some popular movies from the Miramax stable the coming year.
Bob and Harvey Weinstein have signed a deal with the new owners of Miramax for filming sequels of some of their most memorable movies like Bad Santa, Shakespeare in Love and Rounders.
Miramax, founded by the Weinstein brothers, was bought by Walt Disney Co in 2005. It was recently acquired by Filmyard Holdings from Disney. The company has agreed to work with the movie-mogul brothers on sequels to 10 films they made during their successful run at Miramax starting in the 1990s.
In a statement, Harvey and Bob Weinstein said, We are very close to these films and the new management of Miramax also feels that we are in the best position to create sequels that are at once worthy and compelling in their own right. We look forward to working with Mike and his team on getting these films into production as soon as possible, and extending our partnership in the years ahead.”
New Miramax CEO, Mike Lang remarked, “We are thrilled and honored to work with Harvey and Bob Weinstein. There is no better partner to build on these great films and turn them into franchises, while also creating exciting new TV properties. This agreement will extend the Miramax library while also enabling us to create new content without committing near-term capital.”
Miramax has the options to co-finance the films and own a 50 per cent stake in the new Weinstein slate, The Lost Angeles Times reported . If Miramax declines to fund the project, it will get 5 percent of a movie's gross revenue, the paper said.
Other Miramax films that the two hope to work on are Bridget Jones’s Diary, Copland, From Dusk Till Dawn, Swingers, Clerks, Shall We Dance, and The Amityville Horror. Some of these projects will be direct to DVD or Blu-ray movies, reports Hitflix.com. Scream 4, Spy kids 4 and Scary Movie 5 are already in the pipeline. These sequels were on before Miramax went to Walt Disney
The new partners have not made it clear whether the original filmamakers of some of the movies like Quentin Tarantino and Kevin Smith will be involved in these sequels. There are reservations in the industry about some of the sequels doing well.