Has Harvey Lost His Way?

How a wandering mogul took MIRAMAX off course and plans to get it back on track

The annual Miramax pre-oscar bash looked like a frothy success. Lots of celebs (Nicole Kidman! Salman Rushdie! Diane Sawyer!) and rivers of Piper-Heidsieck champagne. And there were skits as always--send-ups of the company's Oscar-nominated movies, including a spoof of In the Bedroom in which Dame Judi Dench dressed up like Sissy Spacek and chain-smoked.

But something was amiss. The party seemed more crowded than cool. Kidman walked the red carpet, lingered on the fringes, then told friends she just wanted to go home and take a bath. And there was the final sketch of the evening. Miramax co-chairman Harvey Weinstein and...

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