Local pay-TV network BeIn Media Group has purchased US film studio Miramax – known for its Oscar-winning films including The English Patient and No Country for Old Men – from the Qatar Investment Authority and a private equity firm, the broadcaster announced Wednesday.

The financial terms of the transaction were not disclosed. BeIn was spun off from Al Jazeera in January 2014 and operates 34 channels across 33 countries, according to its website.