In an e-mail message to his staff, Mr. Battsek also called the decision mutual, adding that Miramax’s New York offices would close. "The very best chance of success for Miramax is for the company to be located in Los Angeles ... I’m very proud of all the great work we have accomplished here at Miramax and equally proud of my overall career at Disney." Back in the days when it was run by Harvey and Bob Weinstein, Miramax pumped out pictures like “Pulp Fiction” and “Shakespeare in Love” that were both critical and commercial hits.
Full Article at The New York Times