Colony Capital bought Miramax for $660 million, and in an odd move partnered with YouTube to bring Miramax’s catalog of films onto the website.

Colony Captial intends to help further monetize both Miramax and YouTube; along with competing against NetFlix. If so, YouTube is due for an overhaul to display better quality videos.

So when is Miramax not surrounded by weird news?

[LA Times]