James Bond Posted November 18, 2010 Report Share Posted November 18, 2010 "Rand, a former Hollywood screenwriter herself, began writing her own screenplay, but died in 1982 with only one-third of it finished. She left her estate, including the film rights to Atlas Shrugged, to her student Leonard Peikoff, who sold an option to Michael Jaffe and Ed Snider. Peikoff would not approve the script they wrote, and the deal fell through. In 1992, investor John Aglialoro bought an option to produce the film, paying Peikoff over $1 million for full creative control." I'm wondering why Peikoff would do this. Anyone have any insights? Quote Link to comment Share on other sites More sharing options...
JASKN Posted November 18, 2010 Report Share Posted November 18, 2010 Peikoff is usually open about his choices related to Rand's legacy, and he has likely commented about this himself. You may search for "Atlas Shrugged" in the podcast section of his site, or search for any audio commentary about Atlas Shrugged on ARI's site, or on their Atlas Shrugged site. I vaguely remember hearing him talk about this, but I cannot point you to exactly from where. Quote Link to comment Share on other sites More sharing options...
freestyle Posted November 18, 2010 Report Share Posted November 18, 2010 An option is for a limited time. It isn't full ownership indefinitely. Quote Link to comment Share on other sites More sharing options...
Greebo Posted November 18, 2010 Report Share Posted November 18, 2010 An option is for a limited time. It isn't full ownership indefinitely. But while the option is open, the ownership is there. If the Option is as described, then while it's open, Aglialoro could produce a steaming pile of goat dung, and Peikoff would have no recourse. Presumably this means Peikoff has a lot of faith in Aglialoro's intentions. But Jaskn is right - better to look for info from the source. Quote Link to comment Share on other sites More sharing options...
Gman42 Posted November 19, 2010 Report Share Posted November 19, 2010 I sent a question in to Peikoff's podcast asking his opinion on the Atlas Shrugged movie currently in production. He didn't answer it on the podcast but I got a response from his assistant: "Dear Gil, The Estate of Ayn Rand sold the movie rights to Atlas Shrugged many years ago, to an individual whom Dr. Peikoff thought at the time to be an Objectivist. Dr. Peikoff, however, has discarded this opinion, and no longer has any connection to, interest in, or knowledge of the project. In the light of recent articles in the Hollywood press, he has only the most dismal prediction in regard to the future product. Sincerely, Kim Marzullo Assistant to Dr. Peikoff" So, it doesn't completely answer your question but it gives some insight. Quote Link to comment Share on other sites More sharing options...
Grames Posted November 19, 2010 Report Share Posted November 19, 2010 I'm wondering why Peikoff would do this. $1 million speaks for itself. Back in those days, that was big money. Quote Link to comment Share on other sites More sharing options...
mrocktor Posted November 19, 2010 Report Share Posted November 19, 2010 $1 million speaks for itself. Back in those days, that was big money. On the other hand, compared to the significance of spreading the proper understanding of Objectivism and the legacy of Ayn Rand $1 million is... less than infinitesimal. Thus the question, I believe. Quote Link to comment Share on other sites More sharing options...
Greebo Posted November 19, 2010 Report Share Posted November 19, 2010 Correction: HAD faith in him. Quote Link to comment Share on other sites More sharing options...
James Bond Posted November 19, 2010 Author Report Share Posted November 19, 2010 $1 million speaks for itself. Back in those days, that was big money. Have to disagree with you here. Quote Link to comment Share on other sites More sharing options...
freestyle Posted November 19, 2010 Report Share Posted November 19, 2010 $1 million speaks for itself. Back in those days, that was big money. Have to disagree with you here. Same year: BASEBALL; Ryan Signs Pact Worth $4 Million For 1992 Season Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.