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Published: Fri, 25 Sep 2009
Description: Lazard Capital Markets' Barton Crockett on the new Michael Moore movie.
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" Here is our country's economic downturn and Wall Street greed is an inspiration for filmmaker Michael Moore his latest movie capitalism. A love story. For a look at whether people will invest in this film Barton Crockett is a senior vice president and senior media analyst -- research or Lazare. Capital markets into engineering how could save Barton. Good morning to capitalism what is a movie that."
" Okay so the movie is -- you know classic Michael Moore you know his. You criticism. Capitalist industry and it's a team that's been consistent office movies and the thing that's interesting if there's been a very bankable thing you know he's person who has a critic of capitalism you know he's a very good businessman whose movies have done very well on this one you know I think wolf. Do at least as well are you on the same range as a couple this recent movies. So what's his approach here in the movie what do what does he basically displaying telling the American people okay I'm into the -- not a film critic and I haven't seen the movie Biden but my understanding is that's classic Michael Mormon he makes appearances before the New York Stock Exchange. You know accuses firms have not fully repay taxpayer money. You know goes in the people who are having a mortgage loans foreclosed and that type of approach. I'm -- a lot of debate about you know the accuracy of this claims and I think that's a type of controversy. That's great for and then helps you know get him in the press and helped drive up box up as far as movies."
" Yeah yeah and down and I should mention you rightly so that your media analysts not a movie critic but as a media analyst. Walk me through here I presume that films of this nature in his documentary form are not that costly in the upside for Michael war in in these -- just like Fahrenheit 9/11 -- goes to keep an extradition. "
" Yeah I mean listen these are movies that Hollywood lots. I'm knew each ton of movies I'm with a built in audience and fan appeal and if I'm Michael -- on the same campus Tyler Perry. Sam rainy. You know people who make you know. -- movies -- horror movies that are low budget that audience it will turn out for me over. Over his career average when he your career Michael Moore has pulled in domestic box office can literally -- movies about 200 million dollars. He's about look at those numbers right now here's a guy who's against capitalism look -- funny man's bacon yeah yeah and you know on the profits up enough for him and his backers. You know I would estimate or somewhere in the hundred million dollar range. And you know so it's very good business firms you know someone is going to take credit for capital."
" And -- in basically did in the distributor I believe this Overture films they're small small studio about a parent right."
" Overture as part of that the Liberty Media company and they have the distribution rights for this movie. You know which means that they'll get a slice the profits. You know but the real money you know comes you know past Overture and you know two other people over to finance a movie and Michael Moore you know his earlier movies were distributed by. Lionsgate -- Fahrenheit 911 after picking up from Disney Miramax. I'm gonna -- sponsor on the range of distributors and number of people Hollywood. Have had done their hands and you know in the pockets of these movies. And studies into the -- spray can make it real cash dvd I just offer this type of movie. And you know onshore vessel for him. Barton Crockett thank you very much."
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