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Warner Bros. co-chairmen Robert Daly and Terry Semel were seen in the industry as Canton's sharpest critics. But this month they agreed to pay Arnold Schwarzenegger $25 million to appear as Mr. Freeze, the villain in the next Batman installment. Some executives are complaining that Warner is compounding the cost problem. Daly says the deal makes sense because Schwarzenegger's presence will boost the film's grosses, particularly overseas. Arnold is also taking "a lot less" of the film's gross profits than usual--he generally gets up to 20%--as well as a reduced share in profits...

Author: /time Magazine | Title: HOLLYWOOD FADES TO RED | 8/5/1996 | See Source »

Higher was also the objective of the many stargazers who attended the first week's events and collected celebrities like pins: Simpson, David Hasselhoff, Bruce and Demi, Arnold, Ali, Chelsea--who, bless her heart, went to everything--and her parents. Royalty mixed with Olympian and, in the case of Kuwaiti swimmer S.A.B.S. Sultan Alotaibi, who finished 37th out of 37 in the 200-m individual medley, were one and the same. Perhaps the most interesting encounter occurred at the Olympic Village, when U.S. team handball circle runner Dave DeGraaf was followed into the lavatory by men in suits. "Mr. President...

Author: /time Magazine | Title: FASTER, HIGHER, BRAVER | 8/5/1996 | See Source »

...visitors ever saw the area. Little was done to build on his work during most of this century, however, and the site fell into neglect. Today Dahshur's pyramids and mastabas are being re-excavated by archaeologists from three countries. "De Morgan's methods were very crude," says Dieter Arnold of New York City's Metropolitan Museum of Art. "He was only interested in treasure and the names of kings...

Author: /time Magazine | Title: Archaeology: THE SECRETS OF SNEFRU | 7/22/1996 | See Source »

...finds included two diadems, one with delicately intertwined water weeds and flowers; a necklace of sculpted-gold Nile shells; and an exquisite belt of gold lioness heads and amethyst beads. But De Morgan didn't uncover all there was. A year and a half ago, the Met's Arnold found a Queen's mummy and some of her royal jewelry at one of Dahshur's later monuments. "You're so accustomed to going over robbed tombs that you don't expect to find anything. It hits you like a thunderbolt," he says...

Author: /time Magazine | Title: Archaeology: THE SECRETS OF SNEFRU | 7/22/1996 | See Source »

...markets via an initial public offering of its stock. With its high-dazzle celebrity partners generating headlines, and with a then dazzling IPO market (see story page 60) generating buyers, the price went into another orbit. Some 11 million shares were offered at $18 each, topped $26 (you and Arnold Schwarzenegger--co-owners!), and held firm in a shaky market. That values the company at almost $2.8 billion--91 times its very modest 1995 earnings. Planet Hollywood, with 33 outlets and $400 million projected in sales this year, boasts a stock-market capitalization second only to McDonald's. Consider that...

Author: /time Magazine | Title: HUNGRY FOR THEME DINING | 7/22/1996 | See Source »

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