Weinsteins near deal to buy back Moore '9/11' docu

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Weinsteins near deal to buy back Moore '9/11' docu
Thursday, May 13 2004

CANNES -- Miramax Films co-chairmen Harvey and Bob Weinstein are nearing a deal with Miramax parent The Walt Disney Co. to personally buy back in full Miramax's interest in Michael Moore's documentary "Fahrenheit 9/11." The Weinsteins would then be free to find another distributor to release the film, which is scheduled to have its world premiere Monday at the Festival de Cannes. Under the deal currently being discussed, the Weinsteins in effect would reimburse Miramax the $5 million-$6 million that Miramax advanced Moore last year. The arrangement is said to be similar to one that the Weinsteins struck in order to take Kevin Smith's 1999 religious comedy "Dogma" to distributor Lions Gate after Disney refused to allow Miramax to distribute the film, which faced protests from some Catholics over its content. A Miramax spokesman in New York released a statement Wednesday saying, "We are very happy that Disney has agreed to sell 'Farenheit 9/11' to Bob and Harvey. (Miramax) is providing Disney a term sheet based on the deal previously done on 'Dogma.' Bob and Harvey look forward to promptly completing the transaction."