March 29 (Bloomberg) -- Miramax Film Corp. and director Martin Scorsese are developing a TV series based on his film “Gangs of New York,” the studio’s first production since investors bought it from Walt Disney Co.
The show will expand from the movie’s focus on 19th-century New York gangs to explain the birth of organized crime in America, the closely held Santa Monica, California-based company said yesterday in a statement.
The program marks the first new production announced by Miramax since investors, led by Tom Barrack’s Colony Capital LLC, bought the company in 2010 for more than $660 million. At the time, the new owners said they planned to focus on exploiting Miramax’s existing 700-movie library. The studio didn’t say where or when the new show might air.
In December 2011, Miramax Chairman Richard Nanula said the studio had signed agreements valued at $325 million licensing its library to digital distributors including Netflix Inc. and Hulu LLC.
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