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To: mewykwistmas

From http://www.slate.com/id/2117923/

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.”


12 posted on 02/07/2011 5:31:39 PM PST by LibFreeOrDie (Obama promised a gold mine, but will give us the shaft.)
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To: LibFreeOrDie

Thanks. $220 Mil is a lot but then about half goes to movie theaters, there is advertising and a lot of other parties that want a cut.

And it goes to show that most movie stars are a lot less richer than we think.


16 posted on 02/07/2011 5:48:03 PM PST by mewykwistmas ("Politicians are the same all over. They promise to build a bridge even where there is no river. ")
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