I agree that biopics aren't good sources of information, but I think they can make entertaining historical fiction, provided one acknowledges them as such. Plus, they could draw in audiences who might not normally watch a documentary, and make them more interested in art.
And let's not forget, even the best documentaries are not without some degree of bias...that's just the nature of the beast. Just as with books, a well-researched biography may be a better source than a historical novel, but you're still getting the story through the author's filter.
Actually, I only had time to catch one of the films on the list, The Naked Maja. Total trash, but it was kind of fun! As I said, not a good source of information at all, but entertaining historical fiction.
But biopics can have other merits. I didn't catch Moulin Rouge this time around, but I've seen it before, and the art direction is superb. One advantage a cinematic film has is the potential to commit fully to visual motifs you don't necessarily get from primary and archival footage. It's not true to the facts of Toulouse Lautrec's life, but it invokes the spirit of his art quite well. And the script is pretty damn good!
So long as one does not confuse fact with fiction, why not enjoy biopics for what they are?
Incidentally, I checked TCM's actual programming guide, and they are including a documentary: F is for Fake, narrated by Orson Welles about art forging. Never seen it, but could be interesting.
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