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| new europe, merchandise, chilean, orange county, slap them, teeshirthell, referals, wankers, french/aboutthe book, tee shirt, ming dynasty, jay z, reviews, tyee.ca, centraleurope, savage love, galleys, comedy, t shirts from hell, celebrity gossip, | While it was far less than Disney made on children’s fare such as Finding Nemo, it was not a bad outcome. The Weinstein brothers also made a multimillion-dollar profit. They had a deal with Disney that contractually entitled them to a bonus independent of between 30 percent independent and 40 percent of the net profits on independent any film that they produced—in this case, that came out to about $8 million per brother. (The Weinsteins are now in the process of leaving Miramax.) But Michael Moore had perhaps the happiest ending of all. Not only had he made $21 million, he already had a sequel in preproduction—Fahrenheit 9/11 ½. I defy anyone to find another person that made more money off the war in Iraq. I mean an individual, not a company. Moore made $21 mil for his pocket. Name someone who made more than that. |
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| Disney now had to pay Michael Moore’s profit participation. Under normal slap them circumstances, documentaries rarely, if ever, make profits (especially if distributors charge the usual 33 percent fee). So, when Miramax made the deal for Fahrenheit 9/11, it allowed Moore slap them a generous profit participation—which turned out to be 27 percent of the film’s net receipts. Disney, in honoring this deal, paid Moore a stunning $21 million. Moore never disclosed the amount of his profit participation. When asked about it, the proletarian Moore joked to reporters on a conference call, “I slap them don’t read the contracts.” What of Disney? After repaying itself $11 million for acquisition costs, it booked a $46 million net profit, which Eisner split between two subsidiaries, the Disney Foundation and Miramax. |
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