RENEE MONTAGNE, host: NPR's business news starts with a Hollywood original changing hands.</s>RENEE MONTAGNE, host: Miramax will no longer be part of Disney's entertainment empire. Disney has sold the film studio - famous for offbeat hits like "Pulp Fiction" -to an investment company partly run by a construction magnate.</s>RENEE MONTAGNE, host: The Walt Disney Company wants to focus on its Pixar and Marvel divisions, which turn out movies that appeal to the mass market, and offer more opportunities for merchandising.</s>RENEE MONTAGNE, host: It's not getting a bad return on its original investment, though. Back in 1993, Disney bought Miramax for $80 million. It's now selling it for more than $660 million.
Miramax will no longer be part of Disney's entertainment empire. The Walt Disney Co. said it has sold the film studio — famous for offbeat hits like Pulp Fiction — to an investment company partly run by a construction magnate.