Hollywood producers Harvey and Bob Weinstein recently announced a multi-year deal to jointly make films, TV shows and live stage shows with Miramax Films. Miramax is an Oscar-winning film studio that the Weinstein brothers started in 1979 and left in 2005.

Reuters, citing a joint statement, said that Miramax and The Weinstein Company would make films and TV shows based on Miramax's library of more than 700 films. The said collection includes films like Shakespeare in Love, Good Will Hunting and The English Patient.

The Weinstein brothers will release co-produced films in the United States, with Miramax selling them internationally. The two companies said that they anticipate starting production in early to mid-2014, the report stated.

The Weinstein Company and Miramax, however, did not name the projects. No value was also given for the deal, Reuters wrote.

The Weinstein brothers founded Miramax in 1979 and sold it to Walt Disney Co. in 1993. The film studio was subsequently sold in 2010 to investors that included the Qatar Investment Authority and real estate investment firm Colony Capital. The brothers named Miramax after their parents, Miriam and Max, the report said.