Tom Barrack Named Miramax Chairman

Tom Barrack Named Miramax Chairman

Colony Capital announced Monday that chairman and chief executive officer Tom Barrack would head Miramax as its new chairman, filling the position Richard Nanula abruptly vacated last month.

The company also confirmed that Nanula had resigned in the wake of an alleged sex scandal. Earlier this month, photos surfaced on a website called TheDirty which claimed to show Nanula having sex with a porn star. Nanula immediately took a leave of absence from both Miramax and Colony, the latter of which he served as principal.

Colony was part of a group of investors which purchased Miramax from Disney for $663 million in 2010.

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