Universal in Talks to Sell Focus Features to Gores Brothers
Discussions between the two parties are in preliminary stages.
UPDATED: Universal Pictures is in early talks to sell Focus Features to brothers Alec and Tom Gores, The Hollywood Reporter has confirmed.
Discussions are in the preliminary stages. If a sale goes through, Universal could divest itself of its specialty film division before the NBC Universal merger with Comcast happens next year.
The Gores made an attempt to buy Miramax earlier this year and also considered Overture Films’ Starz Media. They recently acquired Alliance Entertainment LLC, a DVD and video game distributor.
Talks have apparently been going on for several weeks, according to a report in the Los Angeles Times, and people close to the situation said a deal is not guaranteed.
The Gores declined to comment through their spokespeople. A Focus spokesperson declined to comment.
“Over time we have gotten a lot of offers for Focus Features, be we are not in active negotiations to sell Focus,” a Universal spokesperson said.