With a career in show business spanning over 30 years, veteran television and movie actor Rob Lowe announced last week that he has made the transition from Hollywood heartthrob to studio mogul. Now slated as a "creative partner" at Miramax Films, it seems Lowe has big plans for the company's future.
"The acquisition of a classic brand like Miramax is an exciting first step in my partnership with Tom Barrack and Colony Capital. This represents an exciting new chapter for me," Lowe said in a statement to FOX411.com.
However, when asked what Lowe's "exciting new chapter" might entail, a rep for Colony Capital told FOX411.com, "Rob Lowe is a partner of Colony Capital in the deal, and that is all we will say for now. The deal hasn't closed."
This new, behind-the-camera endeavor for Lowe comes as the result of The Walt Disney Company selling Miramax Films to a group of investors for $660 million. Alongside Barrack and Lowe, additional partners of "The New Miramax" include construction magnate Ronald Tutor of Filmyard Holding.
The investors put down a nonrefundable deposit of $40 million with Disney last Thursday, and the deal could be secured as early as September 10th.