News on transitions of distribution power is swarming us this week, it seems, as we reported yesterday that MGM and Sony Pictures had come to an agreement that would allow Sony to distribute MGM films on DVD, Blu-ray, and other digital formats. Today, it looks like the revered studio Miramax is in a similar situation, with Lionsgate picking up the tab in order to release some of Miramax's golden ticket films to DVD and Blu-ray.

Miramax is a household brand that is known for their cutting edge films over the past several decades, with winners like Pulp Fiction , Shakespeare in Love, Kill Bill, and Monster's Ball providing an alternative spin on the classic drama, and winning fanfare amongst critics. This could speed up the process of seeing Pulp Fiction on the Blu-ray format, one of the most wanted Blu-ray titles of all-time. Studiocanal and Lionsgate will team up to release the films throughout Europe. The first film to be released under the agreement will be The Switch on March 15, 2011."The Miramax library will be one of the most treasured jewels in our home entertainment crown," said Steve Beeks, President and Co-Chief Operating Officer of Lionsgate. "With our longstanding commitment and expertise in aggressively managing library titles, we are thrilled to bring together under one roof such Miramax film icons as Shakespeare in Love, The English Patient, Pulp Fiction and Good Will Hunting with our existing classics such as Dirty Dancing and Monster's Ball to create what is unquestionably one of the most powerful and prestigious filmed entertainment libraries in the world. We are looking forward to working with Mike and his incredible team on this exciting venture."What do you think this will this mean for the future of home entertainment? Stay tuned to IGN DVD for more info as we get it!