Miramax was named after Harvey and Bob's parents, but after a slow death from thousands of cuts, Miramax was officially closed today by Disney.
But money was also a constant problem, and the Weinsteins began to clash with Michael Eisner. In 2005, Bob and Harvey left the company, forced to let go of the Miramax named and formed The Weinstein Company, which currently struggles with financing issues.
The loss of Miramax is a shock to the independent film industry, which has been shrinking rapidly as other large Hollywood studios have shuttered their indie divisions. With hits like Pulp Fiction, Sex, Lies and Videotape, and The English Patient, Miramax dominated the American indie industry for years.
A sad day indeed!
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