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'Max to buy 9/11

05.13.2004

Michael Eisner and Harvey Weinstein seem to have come to a resolution to the conflict that came about when Disney forbade Miramax to release Michael Moore's FAHRENHEIT 9/11. Disney will allow Miramax to buy back the rights to FAHRENHEIT and negotiate with another studio to distribute in the states. The deal is similar to the DOGMA situation when Miramax bought the rights to Kevin Smith's controversial religious comedy and brought on Lions Gate Films to distribute (Miramax continued to oversee marketing and publicity on the film). As of now, Lions Gate, Newmarket and Focus Features are the frontrunners to team with Miramax on the film. Miramax will reportedly pay Disney $6 million for rights to the film, essentially paying the studio back for its investment in the film. FAHRENHEIT is scheduled to make its premiere at the Cannes Film Festival and Miramax still hopes to open the film on July 2. While there seems to be an amicable resolution to this particular problem it could be the death knell to their relationship. Miramax is looking to separate from its parent company very much in the same way Pixar did a few months ago. It's unclear at this point if they would operate individually or enter into another agreement with a larger studio. Stay tuned as our own JoBlo brings you the latest from Cannes including word on FAHRENHEIT 9/11 and its debut.

Source: Variety
Tags: Hollywood

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