The Rev. Al Sharpton claims documentary-film offers might pour seven figures of revenue into his charity, however business consultants say that seems to be fiction.
Sharpton’s Nationwide Motion Community nonprofit inked a deal final yr to purchase the activist preacher’s life-story rights for $531,000, with the expectation that it might promote the rights to movie-makers and reap the income.
Sharpton informed The Submit he had contracts for 2 documentaries and one other movie deal within the works. He refused to launch any particulars or say if he had obtained the money.
“This man’s simply stuffed with baloney,” a documentary filmmaker informed The Submit, including, “A documentarian who has any scruples wouldn’t pay somebody for his or her story. Then it wouldn’t be an sincere story.”
Even when somebody wished to purchase the rights to video footage Sharpton claims to have with Michael Jackson and others, the filmmaker stated such pictures could possibly be secured for a low value.
“It’s not an enormous enterprise,” the filmmaker defined. “It’s an enormous enterprise if somebody obtained the footage of Girl Di’s tunnel accident or the Zapruder movie.”
Mark Litwak, a Los Angeles leisure lawyer, stated a filmmaker would possibly safe life-story rights to protect towards defamation or invasion of privateness fits — which Sharpton would have hassle profitable as a public determine — or for future product merchandising, which might be uncommon for a documentary.
However such a deal could be a small proportion of the documentary’s whole finances, which is usually no quite a lot of hundred thousand .
“You don’t wish to spend greater than 5 p.c [of the budget] on buying underlying rights,” Litwak stated.
NAN spokeswoman Rachel Noerdlinger stated the third potential movie could be a business mission. However one New York Metropolis literary agent who has offered rights to Hollywood stated $531,000 is excessive even for that sort of mission.
“That’s some huge cash up entrance this present day,” the agent stated.
The urge for food for Sharpton’s story can also be questionable. His 2013 Guide “The Rejected Stone” was not precisely a best-seller. It offered 16,627 hardcover copies and one other 721 in paperback, in line with tallies from the BookScan monitoring service, which represents about 80 p.c of gross sales.
Sharpton informed The Submit his life-story rights included a potential play, “some issues that I’m going to do in writings” and property like a recording with James Brown.
He insisted Saturday the documentary was “Going to be massive.”
“You bought to recollect, we’re speaking about me with leisure, me with politics from the White Home to the mobsters that threatened me within the [media],” he stated. “They’re speaking a couple of docu-drama.”
Noerdlinger informed The Submit late final month personal donor had put up the cash to purchase the rights, however neither she nor Sharpton would determine the contributor.
Sharpton stated for the primary time yesterday that the deal was structured with unspecified “benchmarks.”
“We’ve an settlement that there’s benchmarks earlier than they offer all the cash,” he stated. “In the event that they don’t attain the benchmark, they’re out of the deal and I’m out of the deal.”