Simplify the following text for a Grade 8 native English-speaking person.
Original: Founded in 1979 by Bob and Harvey Weinstein and headquartered in New York City and Cambridge , Massachusetts , Miramax was a leading independent film motion picture distribution and production company before it was acquired by The Walt Disney Company in 1993 .
Simplified: Miramax Films is a American motion picture distribution and production company . It was headquartered in New York , New York before being bought out by The Walt Disney Company .