After receiving an email that stated "Miramax offices will be closed as of Friday, January 29" late Wednesday night, a story detailing the closure appeared on The Warp. Starting Thursday, offices owned by The Walt Disney Company in New York and Los Angeles will no longer be operating. It is reported that over eighty people will be out of work. And at this time, six films are still awaiting distribution.

The films now in limbo include Last Night, which revolves around a married couple separated for the night and resisting former lovers. The Debt, a film that follows three Mossad agents as they set out to capture a notorious Nazi War criminal. And The Tempest, a big screen adaptation of Shakespeare's play that features Helen Mirren and comedian Russell Brand teaming up for the first, and possibly last, time. The films are expected to be indefinitely shelved or get a very limited release before being dumped onto the home video market.

Miramax has been operating for thirty-one years under the notorious team of Bob and Harvey Weinstein. With the company, they have paved the way for Independent cinema. About the closure, Harvey stated, "I'm feeling very nostalgic right now. I know the movies made on my and my brother Bob's watch will live on as well as the fantastic films made under the direction of Daniel Battsek. Miramax has some brilliant people working within the organization and I know they will go on to do great things in the industry."

The Weinsteins have tried to buy the company back from Disney, but Disney has not responded to their offers as of this time.