Miramax, the producer of films such as “Shakespeare in Love,” plans to pay a dividend of about $142 million to owners including Tom Barrack’s Colony Capital LLC, two people with knowledge of the plans said.

Miramax is seeking to raise about $550 million for the dividend and to refinance debt taken on when Colony and investor Ron Tutor bought the studio from Walt Disney Co. in December for $660 million, said the people, who declined to speak publicly.

The offering by Miramax Film NY LLC will let the owners reclaim cash and finance more debt at lower interest rates. Since the purchase, the company has signed deals with Netflix Inc. and Hulu LLC for online distribution of films. Barclays Capital and Jefferies Group Inc. are managing the sale, a person with knowledge of the situation said. The companies had no comment.