The CEO of Miramax resigned from his position today, agreeing to remain with the company as a consultant until his successor is found. No reason was given for the departure of Mike Lang.
In a statement, Richard Nanula, chairman of Miramax and a principal at Colony Capital, said: “We are very proud of what Miramax has accomplished in such a short period of time. Mike has built a team of dedicated professionals, and they’ve worked together to create tremendous value. Miramax has established partnerships with leading distributors and with promising emerging platforms, with many more to come. The value of the Miramax film library and its iconic underlying brand is clear and the future is bright. We thank Mike for all of his hard work and we wish him well as he looks at future endeavors.”
Lang also commented in the statement, saying: “I’ve enjoyed my time at Miramax. The company has a great team, and I remain highly supportive of Miramax and its opportunities ahead. I wish the team continued success.”