Miramax and The Weinstein Company today announced a multi-year production and distribution agreement that includes development and distribution of content from the Miramax library — including the promise of future TV projects based on Miramax titles.

"Films created under this partnership will be released in the United States by TWC and sold in the international marketplace by Miramax, and could include derivative works of some of the most recognized titles in the Miramax library from ‘Swingers’ to ‘Shakespeare in Love’ in addition to new titles currently in development," the companies announced.

"The partnership also includes the development of several television series based on Miramax titles such as ‘Good Will Hunting’ and ‘Flirting With Disaster,’ with Miramax to lead international distribution and team with TWC domestically," the announcement adds. "The multi-year deal is the next important step in Miramax’s commitment to creating new, original content, supporting the Studio’s return to prominence as a major supplier of smart, provocative, quality entertainment."

Said Thomas J. Barrack Jr., Founder, Chairman and CEO of Colony Capital, LLC and Chairman of the Board of Miramax: “As some of the greatest independent filmmakers in history, Harvey and Bob [Weinstein] built Miramax into one of the most recognizable and powerful brands in Hollywood. The iconic library they created has enabled us to capture the value of the digital distribution revolution and harvest revenue far greater than we ever imagined."

Barrack added: “Reuniting Harvey and Bob with the acres of cinematic diamonds that is the Miramax library, and combining the two companies’ powerful distribution capabilities, will create an unparalleled partnership in cinematic excellence."

Please click here to read the full press release announcing the agreement.

Bob Weinstein, left, and Harvey Weinstein