Rob Lowe has been a busy bee. The 46 year-old actor and star of such movies as St. Elmo’s Fire, Austin Powers, as well as television’s West Wing has purportedly been in talks to purchase the movie studio Miramax. Lowe is also in the midst of inking a memoir.
The Miramax deal is huge considering Lowe, partnering with construction mogul Ron Tutor, is putting up $700 million to buy the company and create “a media company similar to Dreamworks” according the actor’s statement made to Hollywood buzz insider TMZ. Tutor is supplying the financing while Lowe will be more involved on the creative side of the company reports Entertainment Weekly. Disney now owns the independent film studio and has been in negotiations with Tom Barrack of Colonial Capital to broker the deal. Lowe and Barrack were seen in late June celebrating the deal on a yacht off the coast of Italy as seen in this picture from TMZ.
Harvey Weinstein, founder and owner of Miramax with his brother Bob, sold Miramax to Disney in 1993 and in April of 2010 wanted to buy it back according to Entertainment Weekly and the New York Times. The deal to buy back Miramax was made sweeter for the Weinstein brothers as the separation package gave them extensive rights to produce Miramax films even though Disney would own the company. Apparently the exclusive negotiations that were entered into in April have broken down since Rob Lowe and Ron Tutor seem to be making headway. Lowe’s offer comes in at $700 million while the Weinsteins have put up $625 million.
Another mega-deal that Lowe has been involved with recently includes writing a memoir. According to Entertainment Weekly’s book website, the title will be Stories I Can Only Tell My Friends and has a release date set for May of 2011. Henry Holt and Co. will be the publisher. How much inside information and stories from the 1980s until now would we like to hear from Rob Lowe? I’d like to hear how Mike Meyers operates and pushed people’s funny bones on the set of the Austin Powers movies. His stories about recovery from drug addiction in the late 1980s may also prove helpful to anyone else who is a recovering addict.
Rob Lowe has had a roller coaster ride for 2010 so far. In January it was announced by The Hollywood Reporter that he was leaving Brothers and Sisters to devote his full time attention to Amy Poehler’s comedy on NBC Parks and Recreation.
The actor has two children with wife Sheryl Berkoff as a devoted husband and father. My sources for this article included Entertainment Weekly, TMZ, and The Hollywood Reporter.