Various bits of flotsam that washed up on our computers, before we moved to a better blog system in November 2004. Now a repository for YouTube videos and testing new tools. Go to http://www.b12partners.net/wp/ for more recent content.

Friday, July 02, 2004

Capitalism

So I guess commentators who besmirch Moore for being a money grubbing 'fat man' or some such twaddle are all going to publically apologize now, right? right? [sounds of crickets chirping]

WSJ.com - The Biggest Slice Of 'Fahrenheit' Profit Will Go to Charity:
After Walt Disney Co. refused to allow its Miramax Films unit to distribute the controversial Michael Moore documentary "Fahrenheit 9/11," Miramax co-Chairmen Harvey and Bob Weinstein paid $6 million from their own pockets to acquire the film from the company.


Six weeks later, "Fahrenheit 9/11" is a smash sensation, and the Weinsteins are widely assumed to be laughing all the way to the bank. If so, the laughter may be muted.


Despite their personal investment, the Weinstein brothers will not be the biggest financial beneficiaries of "Fahrenheit." The real winner: a charity, or charities, as yet unnamed, that will receive about 60% of the net profit ultimately generated by the film -- a tally that could be tens of millions of dollars. The Weinsteins, meanwhile, will pocket about 40% of the net, according to people familiar with the deal.


And who will pick the charities that get the money? Disney, the company that refused to release the movie, without having to consult either the Weinsteins or Mr. Moore. It's all the unexpected result of yet another strange tussle between Disney and the Weinsteins, the corporate odd couple that has had a tough time getting along since Disney's 1993 acquisition of Miramax.


Too bad Disney controls which charities benefit, Disney is not known to be very progressive. But, still, this is good news.

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