60% of Fahrenheit 9/11' Profit Goes to Charity
-------------------------------------------------------
Published on Friday, July 2, 2004 by the Associated Press
Big Part of 'Fahrenheit 9/11' Profit Goes to Charity
by Bruce Orwall
After Walt Disney Co. refused to allow its Miramax Films unit to
distribute the controversial Michael Moore do***entary "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 percent 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
percent of the net, according to people familiar with the deal.
continues at:
http://www.commondreams.org/headlines04/0702-07.htm
======================
Fahrenheit 9/11 now on more than 1700 screens
This week, Fahrenheit has opened in hundreds of new towns and cities
across the country, hitting a total of more than 1700 screens.
Find out where it is playing near you and how to get tickets at:
http://www.f911tix.com60%
of Fahrenheit 9/11' Profit Goes to Charity
-------------------------------------------------------
Published on Friday, July 2, 2004 by the Associated Press
Big Part of 'Fahrenheit 9/11' Profit Goes to Charity
by Bruce Orwall
After Walt Disney Co. refused to allow its Miramax Films unit to
distribute the controversial Michael Moore do***entary "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 percent 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
percent of the net, according to people familiar with the deal.
continues at:
http://www.commondreams.org/headlines04/0702-07.htm
======================
Fahrenheit 9/11 now on more than 1700 screens
This week, Fahrenheit has opened in hundreds of new towns and cities
across the country, hitting a total of more than 1700 screens.
Find out where it is playing near you and how to get tickets at:
http://www.f911tix.com
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