Walt Disney has just put Miramax up for sale allegedly because its library of mostly small, independent films does not mesh with the media giant’s plan to overhaul its movie operations. Even though they no longer want the smaller company, they’re not willing to part with it for cheap! Disney is asking between $650 million to $800 million for Miramax. Only big shot contenders who haven’t been crushed by the recession stand a chance at purchasing Disney’s independent film division.

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For the past year, all we’ve been hearing about are the financial troubles of MGM and the Weinstein Company, and underneath it all Miramax was the one really suffering. According to a report from The Wrap, Disney has decided to put an end to the studio that was started by Harvey and Bob Weinstein back in 1979.

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