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He and Dearden were two of the six British film men who each put up £5,000 to form Allied Film Makers; Sir John Davis of Rank gave them a £1m revolving production fund in return for distribution rights.
Yet he surely wants to revive his reputation, which has declined since the 1980s, when he used TCI, a cable company, as a vehicle to grab large stakes in programming firms in return for distribution on his network.
Franks, 62, played a key role in several regulatory changes that altered the media landscape, including the elimination of the financial interest and syndication rules which prohibited networks from owning the TV shows they air, and the creation of retransmission consent which gave broadcasters the ability to seek fees from pay-TV operators in return for distribution rights.
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Warner offered a package of Bette Davis, Errol Flynn, and Olivia de Havilland for lead roles in return for the distribution rights.
Some have questioned her motives behind the creation of a special Tea Party advisory board, and criticized how she handled Amazon.com's desire for a tax break in return for moving a distribution plant to the state.
Company Pictures stumped up around 25% of the funding for its US version of Skins in return for the international distribution rights, while Being Human was backed by Touchpaper TV's parent company Zodiak USA, which will sell it overseas.
The fight will be fascinating, and all the more enjoyable because the groups are slugging it out - at least to start with - without paying Ken Livingstone the millions of pounds he wanted in return for an exclusive distribution deal on the Tube.
Argo Navis's standard deal, for example, allows for publication digitally and in paperback by demand, as well as distribution, in return for 30 percent of all sales.
Three major newspapers have banded together for an experimental trial run on the Kindle DX, offering cheaper long-term subscriptions to customers in return for the fact that their distribution costs will be next to nothing.
Russia and Serbia finalise a controversial energy deal that will hand Moscow control of Serbia's oil distribution network, in return for building a gas pipeline that will take Russian gas through Serbia to southern European markets.
The prosecutors dropped a charge claiming Palmeri was involved in the distribution of cocaine in return for his pleading guilty on the three other counts, each of which carries a 20-year jail term.
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