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Rob Lowe's Big Career Shift! Will He Succeed At Being A Studio Exec??

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This is a huge transition for him! We wonder how he'll fare!

As we've reported, Rob Lowe is branching off from him usual acting ventures to become a "creative partner" at the recently sold Miramax Films!

Lowe says in a statement:

"The acquisition of a classic brand like Miramax is an exciting first step in my partnership with Tom Barrack and Colony Capital. This represents an exciting new chapter for me."

Last week, Disney finalized the deal to sell the company to Tom Barrack and Ronald Tutor of Filmyard Holding, and many have been wondering how the former Brat Pack and Brothers & Sisters star would fit into the equation, and if he has a place with the studio bigwigs!

Producer Nathan Folks seems to think so, and says:

“As a long-time actor, Lowe knows what is crucial in making the difference between a film being ‘superb’ versus just ‘good.' Thus, an actor develops great insight from being where ‘the rubber hits the road’ because he takes into account the production and direction culminated over the years into a final product. Rob will make a great asset to Miramax.”

Matt Atchity of RottenTomatoes.com agrees:

“In the beginning, it’s going to be a lot of introductions with the people he’s working with and the people he knows, trying to get projects started. It’ll be along the lines of introducing writers and producers he knows to directors he knows and vice versa, and just getting people in rooms together and brainstorming."

“He might be reading scripts, or he might be going down to sets. It doesn’t sound like he will be giving up acting so I can’t imagine he will be a steady fixture on sets, but by the same token, he has worked for over 30 years in the industry and he has experience as a successful actor and knows what’s going on, on both television and movie sets. He easily could be down on the set to make sure things are happening correctly.”

Inneresting!

What do U think?? Is Rob's experience as an actor going to help him or is he completely out of his league??

[Image via WENN.]

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Disney Sells Miramax For $660 MILLION!

Filed under: Film FlickersDisneyBusiness Blitz

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It's a done deal!

Disney announced yesterday that they have sold Miramax Films to Filmyard Holdings LLC - and its partners Ron Tutor and Tom Barrack - for a whopping $660 million!

The deal should go through sometime between September and January of 2011.

Disney President and CEO Bob Iger says:

"Although we are very proud of Miramax's many accomplishments, our current strategy for Walt Disney Studios is to focus on the development of great motion pictures under the Disney, Pixar and Marvel brands. We are delighted that we have found a home for the Miramax brand and Miramax's very highly regarded motion picture library.”

And Ron Tutor elaborates:

“I am delighted and honored to acquire the Miramax library. On behalf of my partners Tom Barrack and Colony Capital, we look forward to sharing this high quality content with the world in every form of media for many years to come.”

Big switch up! We wonder what this will mean for Miramax and its current employees!

What do U think??

[Image via WENN.]

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