Less Grumpy At Disney

August 30, 2004 at 4:00 AM UTC

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Peace seems to have broken out in the Magic Kingdom. After months of public feuding, Walt Disney (DIS) and Harvey Weinstein, who heads Disney's Miramax Film (DIS) unit, are working on a deal. Disney is expected to provide funding for a new production company that Weinstein will operate. Weinstein has made no secret of wanting out of his contract, which expires in September, 2005, and has slammed Disney CEO Michael Eisner for refusing to distribute the Miramax-backed political documentary Fahrenheit 911. But the two ironed out their differences last month at Allen & Co.'s annual media conference in Sun Valley, Idaho. Eisner didn't mention Miramax during an Aug. 10 call with analysts announcing a 21% gain in third-quarter earnings. Disney and Miramax had no comment.