Written by: FFT Webmaster | March 20th, 2012
Miramax Films, currently owned by Colonial Capital and formerly by the Weinstein Brothers who brought it to prominence in the 1990s, has seen a major defection this week. Mike Lang is unexpectedly stepping down as CEO of Miramax with no reason was given for the sudden departure. Lang is widely regarded as one of the most capable digital executives in the industry, so his departure seemed sure to set off speculation about the status of the company. Since taking the reins at Miramax, Lang has overseen distribution agreements for rights to such classic films in its 700-film library as PULP FICTION and THE ENGLISH PATIENT. Hulu and Netflix are among the companies that have signed deals with the company in recent months. Under Lang, Miramax has mostly been concerned with leveraging its library or finding partners to produce sequels or remakes of its former films. It has not developed new projects. Prior to joining Miramax, Lang spent six years at News Corp. He had been the executive vice president for business development and strategy, and played a key role in acquisitions including MySpace and Hulu.