EXCLUSIVE: In a major shakeup at Miramax, CEO Bill Block will exit the company this week, a move that will come as soon as Tuesday when his contract expires.
It does not look like there was much if any negotiation on a new deal for Block, which raises questions of exactly which areas the multi-faceted company will lean into.
Block’s exit comes at a time when he has been a catalyst for a large amount of film business. Block had been appointed CEO in 2017.
Owned 51% by beIN, and 49% by Paramount Global, Miramax had transformed from the days when its value resided in the film library built back in the day by Bob and Harvey Weinstein.
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