I think that the author is confused on this point. Disney is still funding this project last I heard.
"Is Disney Lying to America About Michael Moore?" (ABC-Disney-Miramax funding project) (June 13, 2003)
A recent spate of articles began appearing again that seemed to be reliant upon old information about Disney and Moore. So we decided to call Eisner's office AGAIN. This time, we got the same story, BUT, were actually given the name of Matthew Hiltzik at Miramax (212) 625-2222. Matthew hemmed and hawed, but to our surprise he did ADMIT that a bridge financing deal is in fact, reality. Matthew seemed uncomfortable admitting this, claimed it's an old deal that was approved after Icon passed on the Moore project, and that he did not know of any future involvement between Miramax and Moore.