The rumor mill is in overdrive when it comes to the Weinsteins' plans to purchase Miramax from Disney. Here's the latest update in this constantly evolving soap opera.

Reports Friday had the deal officially dead. The movie mogul brothers had teamed up with supermarket tycoon Ron Burkle to purchase the closed imprint from Disney for $625 million, but sources close to the negotiations said things fell through at the last minute when Disney was apparently not satisfied with the amount of money Burkle could raise.

However, the real truth came out yesterday afternoon -- and it has nothing to do with Disney and the potential new ownership group, but instead focuses on the wants of the Weinsteins, Burkle and The Weinstein Company's board of directors. Burkle is ready to throw $300 million into the pot, but insists on complete ownership of Miramax. He will not share ownership with the Weinsteins, but instead will utilize them as "asset managers."
categories Movies, Cinematical