George Harrison refused to sign any contracts to sell his failing company

George Harrison founded a film production company with business partner Denis O’Brien in 1978. The company released a number of films, some more successful than others, and Harrison remained involved with it for years. After a series of unsuccessful films and the unpleasant revelation that O’Brien had taken advantage of Harrison’s finances, they sold the company. Harrison was so distraught over the ordeal that he refused to sign more than one contract in order to sell his business.

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George Harrison founded his film company with a business partner

In 1978, Harrison and O’Brien stepped in when the first funder of Life of Brian from Monty Python got out. Eric Idle knew Harrison was a huge Monty Python fan, and the former Beatle was also the wealthiest person he knew. Because of this, he asked Harrison to help them.

“Eric said that George had always been a big fan of Python, and that Michael Palin and Terry Gilliam had become friends with him,” producer John Goldstone said. Los Angeles Time. “So Eric said, ‘Why don’t we see if George could help?’ We went to his house in Hollywood Hills, and I don’t remember if we sent him the script or if he read it, but he said, “Yeah, I’ll do it. And that was it.”

Harrison used his house as collateral to finance the film, then produced many more films with his new production company, HandMade films.

George Harrison didn’t want to sign the many contracts needed to sell his business

While the company enjoyed many successes and helped revitalize the UK film industry, a number of flops put the company in dire financial straits. Then Harrison realized that he and O’Brien were not equal partners in the business. Instead, he was financially responsible for everything while O’Brien received a check from HandMade. In 1993, the former friends dissolved their business partnership.

The following year, Paragon Entertainment Corp purchased HandMade for $8.5 million in cash. By the book very naughty boys by Robert Sellers, Harrison wanted to be done with the company as soon as possible and said he would only sign one document to sell it. When he arrived at the signing meeting, however, the lawyers presented him with 20 separate contracts. He refused to sign them.

Eventually, the attorneys compiled all 20 contracts into one document, allowing Harrison to sign only once. He did it quickly and left the company forever.

He struggled to deal with some setbacks

Harrison had grown tired of HandMade long before he sold it. In 1986, the company produced Shanghai Surprise, their most expensive film to date and one of their least successful. Stars Madonna and Sean Penn fought on set, critics slammed it, and it made little money. The failure hurt.

“I have a feeling George never really got over this,” Michael Palin wrote in the foreword to very naughty boys. “He remained generous, but felt compromised and started to back down. Once that happened, the end was in sight. HandMade had many capable people at the helm, but the spirit that drove the ship must have come from George.

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