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| snatch, rock/pop, rock n roll, hear, tshirt, movie wavs sounds, insulted, online newspapers, panamanian, 1957, | The Weinstein brothers also made a multimillion-dollar profit. They had a deal with Disney that contractually entitled them to a bonus of between warner home video 30 percent and 40 percent of the net profits on 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 warner home video $21 million, he already had a sequel in warner home video 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. Posted in Mikey Makes Headlines • Polemics • (34) Comments • (0) Trackbacks • Permalink • Discuss in the forums Sunday, March 19, 2006 Hate Mail, the irony editionPosted by JimK on 03/19 at 03:57 PM • E-mail this to a friend Somehow I feel like the subject of this email and the contents are incongruous. |
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| 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 tshirt for Fahrenheit 9/11, it allowed Moore a generous profit participation—which turned out to be 27 percent of the film’s tshirt 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 don’t read the tshirt 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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