March 26, 2006

The Profits of War

JimK at Moorewatch looks at the money that Michael Moore received for his film 9/11 and comes to an interesting conclusion:
Michael Moore, war profiteer
$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.

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 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 don’t read the contracts.”
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.
A very good point -- corporations helping out certainly made more but individuals? I do not think so... I wonder how much Mr. Moore is giving to charity this year. Posted by DaveH at March 26, 2006 4:56 PM
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