Remember Miramax, the Disney subsidiary that financed Michael Moore’s venal, paranoid diatribe against President Bush and threw a tantrum when Disney reiterated its position against distributing it and becoming a war profiteer? Well, it seems that the company is in a serious financial pickle and may lay off 20% of its workforce:
Walt Disney Co.-owned Miramax Films could lay off as much as 20% of its workforce in a series of cost-cutting measures aimed at heading off a financial squeeze, people familiar with the plans said.
The layoffs are being weighed as Miramax’s co-founders, Harvey and Bob Weinstein, are under increasing pressure to save money at their New York-based movie company.
The Weinsteins have run through most of a $700-million annual production and marketing budget, nearly four months before the end of the company’s fiscal year on Sept. 30.
The Weinstein brothers have been seen making the scene at various Fahrenheit 9/11 openings when they might spend their time better keeping an eye on that budget. It takes more than a little talent to burn $100 million a month, but these boys are geniuses. Just see how they’re portrayed in the Last Ride of the Elephant Princess episode of the cancelled sitcom Action with Jay Mohr for a bit of a clue. Hint: total pervs more or less sums it up.