Said no to 1 million dollars

Yes.
That's right.
I cannot believe it, but it's true.
We said no to a million dollars.
Boring and sad story short...
(I really don't know why I spare names here... But in the future, if anyone asks about them...)
We gave these well-funded but totally ignorant Hollywood wannabes until 5 pm today to go back to the original agreement.
Last week an addendum was faxed to us, essentially changing all terms that they had already agreed upon.
They wanted to own the entire project.
They wanted a 90-10 split of profits.
They said the wanted to own the copyright.
They said they were offering us a typical studio deal.
Which, I told them, would make all the sense in the world -- IF YOU WERE A STUDIO!
Which might make sense if they were offering things even a mini-studio would have in their arsenal.
Like stars at the ready.
Like offices.
Like a production company.
Like distribution.
It was so absurd.
They never strunk me as overly smart, but now I simply think they're pultroons -- and with little taste.
We told them that we may be hungry and desperate, but we're not stupid.
We told them to go back to what they had initially agreed upon or it's a deal breaker.
Or it'll be over.
We told them to go back and read our business plan;
Or better yet, simply read the business for a first time.
We were offering equity investment;
The sale of the project was never on the table.
A couple of phone calls come in.
The say, and I quote,
"I can't believe you're going to ruin the deal."
Our response..."We're not ruining it. You are."
I could hear it in his voice that he really didn't think we'd turn down 1 million.
But we did.
It is over.
And, here's the thing: I feel fine about it.
So does Perry.
It was, without queston, the right thing to do.
In fact, it was the only thing to do.
Consider this: one of their favorite movies is SAW.
These people are why bad movies are made.
Taking that money would have killed this project.
Taking that money would have killed Acme.