America’s favorite twins sign a new distribution deal with Warner Home Video.
In addition to starting their freshman year at NYU, Mary-Kate and Ashley Olsen recently signed a 10-year distribution deal with Warner Home Video. According to the Hollywood Reporter, the deal includes an eight-figure advance for the wealthy twosome.
CEO of their Dualstar corporation, Robert Thorne helped negotiate the deal. The corporation, in which the Olsens are co-presidents of, has earned an estimated $1 billion dollars since 1993. Three-quarters of those earnings are generated from international sales.
"I believe that this upfront payment demonstrates the international growth potential that the Mary-Kate and Ashley brand has, not only domestically but overseas," says Thorne.
The twins’ international popularity also landed them a McDonald’s endorsement deal in France to help sell Happy Meals at the 1,035 outlets of the fast-food chain.
Their recent film, “New York Minute” garnered disappointing box office sales, but the twins remain at a value of $150 million each.
Teen millionaires Mary-Kate and Ashley Olsen demanded retail giant Wal-Mart provide female factory workers in Bangladesh with maternity leave and benefits in New York yesterday.
The former "Full House" stars, 18, were horrified to discover the workers creating their Olsen Twins clothing line, which is sold in Wal-Mart stores, were working in poor conditions.
Just hours after a protest by members of the National Labor Committee (NLC) began at Washington Square Park near New York University, where the sisters are studying, Mary-Kate and Ashley signed the petition for Wal-Mart to give workers the "legal right to maternity leave with benefits."
Their spokesman, Michael Pagnotta says, "Both organizations are talking and we hope it will come to a positive result. We certainly take the issue of fair treatment for workers seriously."
A Wal-Mart statement regarding general sweat-shop allegations reads, "We feel that our program is helping to improve working conditions and create economic opportunity for workers around the world."