Santa Monica, CA, March 16, 2012 – Miramax said today that its CEO, Mike Lang, has informed the company that he is resigning. Lang has agreed to remain a consultant to the company as it searches for a successor.
Richard Nanula, chairman of Miramax and a principal at Colony Capital, said, “We are very proud of what Miramax has accomplished in such a short period of time. Mike has built a team of dedicated professionals, and they’ve worked together to create tremendous value. Miramax has established partnerships with leading distributors and with promising emerging platforms, with many more to come. The value of the Miramax film library and its iconic underlying brand is clear and the future is bright. We thank Mike for all of his hard work and we wish him well as he looks at future endeavors.”
Mr. Lang said: “I’ve enjoyed my time at Miramax. The company has a great team, and I remain highly supportive of Miramax and its opportunities ahead. I wish the team continued success.”
Steve Schoch, Miramax CFO, will serve as interim CEO until a new, permanent CEO is named.
Miramax is a leading worldwide film and television studio with a library of more than 700 motion pictures. Miramax sells directly and licenses its titles globally through strategic partnerships including: Lionsgate, Netflix, Facebook, Hulu and StudioCanal. The Miramax library holds some of the world’s most original and acclaimed independent films including Pulp Fiction, Shakespeare in Love, Chicago, Good Will Hunting, The English Patient, No Country for Old Men, Kill Bill Volumes I and II, Life is Beautiful, Reservoir Dogs, Sex, Lies and Videotape, Cinema Paradiso and My Left Foot – as well as scores of commercially successful films such as Bridget Jones’s Diary, Bad Santa, and the Scream, Hellraiser, Scary Movie and Spy Kids franchises. In 2011, Miramax released three new films including the critically acclaimed film The Debt, starring Helen Mirren and Jessica Chastain, directed by John Madden. Collectively, the Miramax library has received 284 Academy Award nominations and 68 Oscars, including four Best Picture awards.
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Kristin Celauro – (732) 264-1131 / email@example.com