Initial discussions, says the Times, indicate a price of over $700 million for the Miramax name and its 700-film library.
However, The Wrap reports that several insiders think the $700 million price is too high because the library's cash flow is not close to the $300 million estimated in the NYT. It's more like a third of that sum, according to sources who spoke to TW.
According to two people who have had access to the financials, the library threw off about $100 million in net cash flow for the year, says The Wrap. The Wrap also notes that the various bidders -- including Relativity Media, StudioCanal and activist investor Nelson Peltz -- are valuing Miramax at somewhere between $380 million on the low end to about $500 million on the high end.
Disney expects to move forward with the more serious bidding inquiries in the coming days with a potential sale coming within a few months.