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Under its new deal with Warner Bros., Alcon puts up 100% of the production money (with budgets no less than $12 million) and is responsible for the cost of prints and advertising, although the studio advances that expenditure and recoups off the top.
With a net worth estimated by Forbes at $975 million, Smith hardly needs the money or the cachet that comes along with being in the movie business, although he watches the investment closely to make sure Alcon doesn’t stray from its business plan.“The problem tends to be there’s an emotional quotient that seems to override the movie business. It’s different from my usual line of work,” said Smith, who’s invested in other ventures including the airplane trading business and sports arenas.
on the heels of the surprisingly strong results from Alcon’s family film “My Dog Skip,” directed by Jay Russell.