$660 Million Later

Well Disney has finally sold Miramax Pictures for $660 million.

Here's the story: http://dealbook.blogs.nytimes.com/2...miramax-for-660-million/?partner=yahoofinance

So what do you all think about this? Disney would of made a killing in re-releases for Miramax's intensive library. But I guess that's not the direction they were headed.

Thoughts?

Sounds like they made so much on it over the expected value, its eaiser to just take the cash now.