The answer should have been obvious: The reason Miramax never released many of the Asian films it bought the rights to was because of money.
An article on Slate finally explains it: It was all an elaborate bookkeeping ruse by Harvey Weinstein to make sure Miramax came out ahead each year and then he and his brother Bob would get their bonuses from Disney.
If the film isn't released, it can be kept off the books.
There's more on it over at Twitch and at Kaiju Shakedown.
I know I'm appalled. Among the films being sat on by Miramax is Tears of the Black Tiger. I wonder if there's ever a chance the film will be released in the US? But the thing is, when Miramax bought the film, they also had the ending changed to a happy one, in which case, it's probably better that it is not seen.
The best-case scenario would be for another company to somehow get the rights to the film, restore the original ending and fix any other cuts that might have been made and give Tears the release that it deserves.
(Cross-published at Rotten Tomatoes)
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