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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Migrants sell up, flee Arizona ahead of crackdown 25 Jul 2010 Russia attacks Iran's verbal assault on Medvedev 26 Jul 2010 N Dakota, Alaska lead US job creation, study says 26 Jul 2010 Missing U.S. sailor's remains found in Afghanistan 10:10am EDT Europe's prospects brighten as U.S. fades 25 Jul 2010 BP launches image overhaul and ditches Tony Hayward | Video 11:12am EDT Examiner finds evidence of "dishonesty" in Tribune sale 8:00am EDT EU toughens sanctions on Iran as Tehran offers talks 4:33am EDT Obama asks Senate to pass bill on ad disclosure 26 Jul 2010 Antarctic octopuses found with cold-resistant venom 22 Jul 2010 N Dakota, Alaska lead US job creation, study says 26 Jul 2010 Migrants sell up, flee Arizona ahead of crackdown 25 Jul 2010 CORRECTED - Air Berlin expects to join Oneworld in early 2012 11:16am EDT Toyota pushes back U.S. Prius production by years 9:13am EDT Europe's prospects brighten as U.S. fades 25 Jul 2010 Scientists inch towards finding "God particle" | Video 26 Jul 2010 Federal ruling allows iPhone users to alter software 6:31am EDT Special Report: Is immigration a desert mirage for the GOP? 9:30am EDT BP launches image overhaul and ditches Tony Hayward | Video 11:12am EDT Honda to sell plug-in hybrid and electric cars in 2012 21 Jul 2010 Disney sets Wednesday deadline on Miramax Digg This Tweet This Share on LinkedIn Share on Facebook Related News Weinsteins' Miramax funding still intact Mon, Jul 26 2010 Guillermo del Toro enters "Haunted Mansion" Fri, Jul 23 2010 Jerry Bruckheimer strikes out again with Cage flop Tue, Jul 20 2010 UPDATE 1-MGM talks to Lions Gate, gets debt extension-source Wed, Jul 14 2010 Director David O. Russell quits troubled movie Wed, Jul 14 2010 Related Topics Fashion » Entertainment » Deals » Tue Jul 27, 2010 8:26am EDT LOS ANGELES (Hollywood Reporter) - As the consortium led by construction magnate Ronald Tutor and investment firm Colony Capital nears the deadline to complete due diligence on its $675 million acquisition of Miramax Films, seller Walt Disney Co has given them another obstacle to overcome. Disney wants the buyers to put up a non-refundable $40 million down payment on the deal by Wednesday, according to a report on NYTimes.com Monday. If they don't agree, Disney could end their exclusive negotiating period and turn to other buyers, or pull the 611-film library off the market and proceed with distribution of the handful of unreleased Miramax movies (which it is already in the progress of doing). Tutor was quoted as saying he would not put up that kind of money unless he was assured the deal will close. If Tutor and Colony falter, other bidders are waiting in the wings, including Miramax founders Harvey and Bob Weinstein, who have backing from investor Ron Burkle and New York hedge fund Fortress Investments. However, when that group came close to a deal last month, they wanted to pay only $565 million, at which point Disney balked and turned to the Tutor-Colony group. The Miramax deal will not have a material impact on Disney's bottom line, but another delay would represent a publicity problem as the sale process has now dragged out for about five months. Fashion Entertainment Deals Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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