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Only a year ago Cannon Group provoked sneers -- and envy -- in Hollywood with such low-brow but high-profit films as Death Wish 3 and Breakin'. Now the studio is a fallen star. Cannon is slashing its production schedule this year by more than 65%. The studio last month narrowly avoided filing for bankruptcy because of its debt load, which reached $200 million at the end of 1985. Warner Communications at least temporarily rescued the studio by investing $75 million in exchange for a 23% stake in Cannon stock and $25 million worth of company bonds...

Author: /time Magazine | Title: MOVIES: Cannon Runs Low on Ammo | 1/19/1987 | See Source »

Rule Two is eating the right food. Generally, a good combination is granola and beer. This combines rugged "Grape Nuts" individuality with a puerile twist; just the off-balance pose the Allnightist should strike. This breaks Rule One, but then the Allnightist is a rule breakin' kind...

Author: By John P. Thompson, | Title: The Right Stuff | 5/12/1986 | See Source »

...years ago in New York City's South Bronx. Its name, some say, came from the percussive instrumental break in soul-music songs. The dance caught the fancy of the press about two years ago and was propelled into fame by music videos and such recent films as Breakin ', which earned $36 million, and Beat Street ($16 million). Breakin' has sold more than a million copies, and music to break by continues to sizzle on the charts. Says Monica Lynch, vice president of Tommy Boy Records, a Manhattan label: "The beat's the most important element...

Author: /time Magazine | Title: Breaking Through to Big Profits | 10/1/1984 | See Source »

...office performance of last year's films. Black actors starred in three of 1983's six biggest hits: Eddie Murphy in Trading Places, Richard Pryor in Superman III and Jennifer Beals in Flashdance. This summer's two out-of-nowhere hits, the rap musical Breakin' and Prince's Purple Rain, suggest that movies with black themes can attract large mixed audiences. And yet these are a few glittering tokens; for most black actors and audiences, roles and role models are scarce. Though blacks constitute about 12% of the U.S. population and account for an estimated...

Author: /time Magazine | Title: Cinema: Blues for Black Actors | 10/1/1984 | See Source »

...denouement was jarring in its swift resolution and therefore a bit surreal. Nearly 800 days after the Watergate breakin, 289 days after the Saturday Night Massacre, 97 days after the White House transcripts were released, twelve days after the Supreme Court voted, 8 to 0, that the President must surrender 64 more tapes, five days after the House Judiciary Committee voted out articles of impeachment, Nixon's defenses finally vanished. On Monday he issued the June 23, 1972, transcript that amounted to a confession to obstruction of justice and to lying to the American people. With that his clock...

Author: /time Magazine | Title: Nation 1974: At Last, Time for Healing the Wounds Nixon Resigns | 10/5/1983 | See Source »

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