Slatkin info has the list of monies invested and returned by Slating into Beacon/Boomtown. It appears he did ok with large outflows and inflows with a net loss of 4 million- link.

Nov 27th, 2002.Trustee filed a motion in court to sell Reed Slatkin's 21% interest in Boomtown/Beacon Pictures for approximately 4.1 mm dollars-link. Reed's total investment was from 10-20 million dollars and this presumably represents a settlement of about 20-40 cents on the invested dollar. In June 2002 Boomtown deposted $432,246 into an escrow account representing a tax distribution indicating the company was making current money which probably needed to be distributed so as to not be taxed twice once at partnership/corporate level and again personally (this is speculation). No comment on the value of the residuals was made in the Motion for Settlement and no independant estimate of the valuation of the company was provided. Court hearning is set for Dec 20th, 2002. The brief mentions that the company has ceased doing business. An exhibit in the trustee's first report from Army Berstein cautioned that the difficulty of operating and obtaining production bonds to make movies given the change of ownership and litigation would severly hurt the company. This was another of many Kevin O'Donnells ideas pitched to Reed who bankrolled the venture and promised a sizable stake to Kevin. He has initiated a lawsuit, nature of which was not clearly deliniated in court filings, but presumably to settle the exact ownership claim of O'Donnell. It is rumored that Reed put up O'Donnell's initial stake in Earthlink as he brought him the idea. O'Donnell also co-invested in various mall properties and was emblematic of Reed's penchant for having complex special financial dealings with certain individuals. This page for the Earthlink IPO outlines Kevin's recieving 100,000 warrants for a indemnifications as well as purchases of stock by families and persons on the creditor committee-link.

Background: In the mid to late 1990s Reed Slatkin hooked up with his long-time friend Armand Bernstein (alias Air Force One) invested money in Beacon Pictures which was purchased from Ascent Communications. Reed's investment was reported to be approximately 10 to 20 million dollars.. As Army’s (as he is called) way of thanking him he arranged the surprise video at Reed's 50th birthday party. It featured appearances from Kevin Costner (who Army hired for "The Love of the Game", and Arnold Schwarzenegger. Bernstein's filmography includes Thirteen Days, Air Force One, For the Love of the Game, Bring It On, Spy Game, Disturbing Behavior, Tuck Everlasting and the currently showing Emperors Club. The biggest moneymaker was "Bring It On" the teen hit about cheerleading competition starting Kirsten Dunst which hit top box office, was made for 10 mil and grossed $68. 35 million-link.