Colony’s Tom Barrack Takes Over Miramax After Nanula Resigns
Colony Capital LLC Chairman Tom Barrack took over as chairman of his company’s Miramax film unit following the resignation of Richard Nanula.
Nanula has also resigned from Colony. The changes are effective immediately, Santa Monica, California-based Colony Capital said today in an e-mailed statement.
Barrack is taking charge after the Los Angeles Times and Deadline.com reported that the websites TheDirty.com and GenesisOnline.com had posted images of Nanula having sex with an adult-film star. Colony announced last month that Nanula had taken a leave of absence for personal reasons.
Nanula didn’t respond today to telephone and e-mail messages and the company’s statement didn’t give a reason for his resignation.
Colony Capital bought Miramax from Walt Disney Co. in 2010 for more than $660 million. Miramax, which has focused on licensing films from its 700-picture library to Web-based distributors including Netflix Inc. (NFLX), said in March that it was working with Martin Scorsese to create a television series inspired by the director’s “Gangs of New York” movie.
To contact the reporter on this story: Devin Banerjee in New York at email@example.com
To contact the editor responsible for this story: Anthony Palazzo at firstname.lastname@example.org