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| galleys, free blog, peter cook & dudley moore, bc blogs, mark caldwell, detroit, hard rock news, t shirts from hell, time, movie reviews, yugoslavia, beatmaster v, may 17, mugus, lads, wave sound files, | Disney now had to pay Michael Moore’s profit participation. Under normal 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 crime a generous profit participation—which turned out crime 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 crime reporters on a conference call, “I 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. While it was far less than Disney made on children’s fare such as Finding Nemo, it was not a bad outcome. |
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| They keep MOOREWATCH running under mugus the most intense loads, and still leave us server power to run a couple of our favorite game servers. I cannot say enough great things about this company. For the record, they are not paying for this plug. They're getting it because I believe they are that damn good. - JimK Metal bars Cheap Tickets mugus Rental Trucks Electronics Reviews Educate mugus Yourself Monday, March 20, 2006 Michael Moore, war profiteerPosted by JimK on 03/20 at 08:43 PM • E-mail this to a friend $21 million buys a lot of baseball hats and sweatpants, huh? Fahrenheit 9/11, now an event, took in more than $228 million in ticket sales worldwide, a record for a documentary, and sold 3 million DVDs, which brought in another $30 million in royalties. After the theaters took their share of the movie’s gross (roughly 50 percent) and distributors deducted the marketing expenses (including prints, advertising, dubbing, and custom clearance) and took their own cut, the net receipts returned to Disney were $78 million. |
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