Rob Lowe is investor in Miramax deal

4:15 PM PST 07/30/2010 by Alex Ben Block, AP

Film label is first purchase of media fund involving actor

Actor Rob Lowe has confirmed that he is involved with the acquisition of Miramax Films from Disney by Ronald Tutor, Colony Capital and others.

Lowe said that he and Colony Chairman Tom Barrack, who is also an investor in the deal as an individual, had recently formed a media fund and this was their first purchase.

In a statement Friday, Lowe said: "The acquisition of a classic brand like Miramax is an exciting first step in my partnership with Tom Barrack and Colony Capital. This represents an exciting new chapter for me. And Tom and I could not have a better partner on our first deal together than Ron Tutor."

Lowe was recently confirmed as a regular on the NBC show "Parks and Recreation." His recent film appearances include roles in "The Invention of Lying," "Thank You For Not Smoking" and "View From the Top."
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