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While Disney might have been more flexible in expanding the studio's funding in years past, the current emphasis on cost-cutting precludes such a decision this year, the source said Miramax spokesman Matthew Hiltzik said a Los Angeles Times report that as much as 20 percent of the studio's work force could be cut was premature But that didn't stop Moore from decrying Disney's decision, suggesting it was an attempt to avoid angering Republican leaders and jeopardizing tax breaks Disney gets on its theme parks in Florida The testy relationship between the Weinsteins and Eisner has reached new lows in recent weeks, with the two squabbling over whether Miramax is profitable for Disney â€â€? a tiff that led the Weinsteins to say they would be willing to buy the studio back With four months left to go in its fiscal year, much of that budget has already been spent on expensive projects such as Martin Scorsese's Howard Hughes film "The Aviator," the Johnny Depp film "Finding Neverland" and two films starring Jennifer Lopez, according to the source, who spoke to The Associated Press on condition of anonymity The brothers formed a separate company and reached a deal to distribute "Fahrenheit 9/11" with Lions Gate and IFC Films â€â€?â€â€?â€â€? On the Net: Miramax Films: http://www Disney chief executive Michael Eisner said recently he wants to reduce total funding at Miramax, which has gone in recent years from making inexpensive independent movies to larger Hollywood blockbusters Miramax Weighing Budget Cuts, Layoffs Jun 18, 6:13 PM EST Miramax Films is considering a number of cost-cutting measures, including layoffs, as it nears the end of its fiscal year, a source familiar with the studio's plans said Friday The studio crossed the $1 billion mark in revenue last year and operates on a fixed budget of about $700 million a year to make and market films Disney is negotiating with Miramax founders Bob and Harvey Weinstein to reduce the studio's budget and the amount of compensation paid to the two brothers com The film opens June 25 "No decisions have been made," Hiltzik said Disney labeled Moore's statements a publicity stunt and agreed to sell the film back to the Weinsteins Eisner said it is not for sale Eisner told Miramax last year that Disney would not distribute the film, which is highly critical of President Bush miramax Relations worsened even more recently over the Michael Moore documentary "Fahrenheit 9/11," which was funded in part by Miramax Miramax is owned by The Walt Disney Co Kelly Artist: 50 Cent Male artist: 50 Cent Female artist: Aaliyah Duo or Group: Clipse New artist: 50 Cent Singles Artist: 50 Cent Albums Artist: Eminem Rap Album: The Eminem Show, Eminem Singles Sales: "Ignition," R R 50 Cent Tops Billboard R&B-Hip-Hop Awards Aug 8, 10:43 PM EST 50 Cent won four awards Friday night at the Billboard R&B-Hip-Hop Awards, including top artist, while his mentor Eminem took home three honors, including top album The winners were: Album: The Eminem Show, Eminem Single: "Ignition," R Kelly's single "Ignition" won top single and singles sales Eminem won top album and rap album for "The Eminem Show," plus albums artist 50 Cent was honored as top artist, male artist, new artist and singles artist Kelly Singles Airplay: "Love of My Life," Erykah Badu featuring Common Rap Track: "Dilemma," Nelly featuring Kelly Rowland Songwriter: Robert Kelly Producer: The Neptunes Major Label: Island Def Jam Music Group Independent Label: Koch R&B Founder's award: Betty Wright Hip-Hop Founder's award: Grandmaster Flash She was nominated for five awards last year but was not among the winners Aaliyah, who died in a Bahamas plane crash in two years ago, won the female artist award |
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