ViacomCBS is close to finalizing a deal to purchase a minority stake in Miramax, an individual with knowledge of the matter tells TheWrap.
Representatives for ViacomCBS declined to comment, but the company’s investment in the film studio could be close to $100 million, Variety reported Thursday morning.
If the deal goes through as expected, ViacomCBS would have access to Miramax’s film library, which includes films such as “Pulp Fiction,” “The Crying Game” and “Good Will Hunting,” which could be distributed through Paramount Pictures and CBS. Paramount and ViacomCBS would also fund the development of new projects, including reboots of existing IP.