Disney (NYSE:DIS) Closes Miramax Deal with Filmyard

The Walt Disney Co. (NYSE:DIS) has reportedly completed the sale of Miramax to Filmyard Holdings LLC for $663 million.

Ron Tutor, who is CEO of Tutor-Saliba Corp., headed up the group of investors who now own Miramax. He confirmed the deal had been closed on Friday.

Other investors in Miramax include Qatar Holding LLC and Colony Capital LLC.

Hired to run Miramax is former business development executive at New Corp. (NYSE:NWS) Mike Lang, according to Tutor.

Included with Miramax, along with the brand, is over 700 film titles, and a number of books and development projects.

Barclays (NYSE:BCS) was the lead bank in financing the deal.