Friday, May 28, 2004

WEINSTEINS PAY $6M FOR MOORE DOCUMENTARY

New York Post Online Edition: business: "May 29, 2004 -- Disney and Miramax finally resolved their dispute over Michael Moore's award-winning, Bush-bashing documentary.
Disney agreed yesterday to sell the film rights to Bob and Harvey Weinstein, personally, for about $6 million, the amount Miramax had paid to finance it.
The transaction was done through a newly created company called The Fellowship Adventure Group.
The Weinsteins are co-chiefs of Miramax, which is not involved financially in the deal.
The ruckus over the film began when it became public that Disney refused to allow Miramax to distribute the film.
The stakes were raised when Moore's movie won the Palme d'Or, the top prize at the Cannes Film Festival, all but ensuring the film will become a box office success. "

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