Exex have been instrumental in exploiting library
Miramax has promoted Joe Patrick and Beth Minehart to exec VP of worldwide television and exec VP, global digital, respectively.Both will report to interim CEO Steve Schoch. Minehart and Patrick have been instrumental in exploiting the company’s film and television library since new owners took over the company in 2010. With a mandate of extracting as much value as possible from the company’s more than 700 films, Miramax has inked a number of digital and global television licensing deals, including pacts with Lionsgate, Netflix, Facebook, Hulu and Studiocanal. Minehart, who previously served as senior VP, global digital, has spearheaded much of Miramax’s digital distribution. She joined the company in 2011 after serving for more than 14 years in senior roles at NBC Universal. Patrick joined Miramax in March 2011 as senior VP, domestic television and digital sales, and was named head of worldwide sales later that year. Before joining Miramax, Patrick served as exec VP at MGM worldwide television group. “Miramax’s global sales organization has grown our distribution to more than 125 countries through both new and traditional platforms, and Joe and Beth have been at the forefront of this expansion,” Schoch said in a statement announcing the promotions on Tuesday. “They have also been a driving force in further leveraging the strength of the Miramax sales group, offering distribution in the worldwide marketplace to other highly regarded content owners. We are very pleased to recognize Beth’s and Joe’s leadership, and we look forward to their continued contributions as Miramax looks toward the future.” While Miramax completed a film-backed securitization that raised $550 million in 2011, many observers have questioned just how long the company can continue to generate substantial revenues without adding new content. Miramax toppers, including Colony Capital principal Richard Nanula, are exploring options to produce certain projects that came with Colony’s acquisition of the library three years ago, but nothing has materialized so far.