Disney sold Buena Vista, but not its distribution division Buena Vista, as a result of the 2008 financial crisis. Instead, Disney sold its independent film company Miramax.
Before being purchased by The Walt Disney Firm on June 30, 1993, Miramax was a well-known independent film production and distribution company formed on December 19, 1979, by brothers Bob and Harvey Weinstein. This was the company's first acquisition.
An American entertainment firm called Miramax, LLC (commonly known as Miramax Films) is renowned for distributing independent and foreign films. The company's founders, Bob and Harvey Weinstein, held it privately for the first 14 years. The Walt Disney Company bought the business in 1993 and retained ownership of it until 2010.
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