Now Tutor, who is chairman and CEO of Tutor Perini construction, has committed to personally investing about $200 million in partnership with Colony Capital and others to purchase Miramax Films from Disney for more than $650 million.
n an exclusive interview with THR, Tutor unleashed a bombshell: There will be no role in the new theatrical distribution company for the controversial David Bergstein, with whom Tutor has been investing in movies and movie companies for the past seven years.
When news of the bid broke in March, it was Bergstein who was seen as bidding, with Tutor again his silent partner. As opposition mounted to their involvement, Bergstein shifted to adviser. In mid-June, Bergstein's role was quietly diminished again when Tutor brought into the deal as a partner his friend of two decades, Thomas Barrack Jr.
Barrack is the CEO of Colony Capital, a well-heeled investment firm he founded in 1991, most famous in Hollywood until now as a lender to Michael Jackson and later to photographer Annie Leibovitz.
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