Cuban says he'd back Weinstein deal for Miramax

[June 07, 2010]  LOS ANGELES (AP) -- Billionaire investor Mark Cuban says he loved the idea of the Weinstein brothers participating in a bid for Miramax.

Cuban said on the sidelines of the Produced By Conference Saturday that he did not help block the Weinstein's bid last month to take back the Miramax label from Disney.

The Weinsteins founded Miramax in 1979, but sold it to Disney for $80 million in 1993. Their next startup, The Weinstein Co., was founded with $1 billion in capital but hasn't been able to produce consistent hits.

Cuban is the owner of the Dallas Mavericks and an investor in the Weinstein Co.

He says he wasn't consulted on the bid for Miramax, but added Harvey and Bob Weinstein were "better than anybody else" at understanding and selling the 600-plus film library of the company.

[Associated Press; By RYAN NAKASHIMA]

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