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Disney

Disney’s 71% Increase in Profits and Fahrenheit 911 Update

Things are looking up for both Eisner and Moore.

Disney reported a better-than-expected 71% increase in income for the second quarter which must come as an extreme relief for Michael Eisner who has been under pressure to improve performance or risk losing his job.

Meanwhile a Miramax spokesman has stated that Miramax will distribute Michael Moore’s new film, though not under the Miramax label.

Update: May 25, 2004: From the New York Post:

Michael Moore’s documentary “Fahrenheit 9/11” could wind up costing Disney more than $100 million and go down as another Michael Eisner blunder.

The movie is poised to set a new record for highest-grossing documentary after its release in six weeks’ time.

The stakes are higher — and hotter — between Miramax and Disney, its corporate parent, now that Moore has nabbed the Palme d’Or, the top prize at the Cannes Film Festival, for the Bush-bashing documentary.

The post-Cannes publicity for the film only intensifies the battle over who will distribute it in he United States, and if Miramax can get back in the mix.

Update June 29th, 2004: If you are wondering when Fahrenheit 911 is coming to Lethbridge (I am too), try the Cineplex Odeon website. In the meantime, I recommend reading Plastic’s commentary on the film. Plastic is one of the few places, I know of – on the net, where you can get quality discussions.

Update June 30, 2004: An anti-Michael Moore website is encouraging people to download Fahrenheit 911 for free. They are offering the same version of the film that you can find at Suprnova.

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