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This week the fable will reach the big screen. Warner Bros. is releasing a major film of George Balanchine's classic 1954 production, performed entirely by New York City Ballet dancers; children from the company's crack training ground, the School of American Ballet; and starring none other than former student Macaulay Culkin, who settled for $10,000 (he recently made an $8 million deal with MGM) so that he could play the nutcracker prince...
VERLAINES Way Out Where (Slash/Warner Bros.) Before 1995, one of the long-lived quality bands from New Zealand's South Island will make it big over here. That band will not be the Verlaines (it'll probably be the Bats); despite being one of the first NZ bands to sign to an American major label, the Verlaines are too smart, and too precious, ever to find mass success...
Author Anne Rice has been troubled by rumors -- which Warner Bros. denies -- that the forthcoming film of her Interview with the Vampire will fudge the protagonist's bisexuality. The Color Purple and Fried Green Tomatoes are just two films in which homosexual relationships in the novel were straightened out for the screen. Other cases in point...
...while such synergistic ideas sound good at the outset, they could prove difficult to engineer. For instance, Viacom plans to award rights to a film based on MTV characters Beavis and Butt-head to Paramount instead of Warner Bros., as originally planned. But impresario David Geffen spent a good part of last week fighting Viacom's Sumner Redstone to keep the film at Warner...
...steady tempo has a positive side of its own. Among other things, it gives investors the confidence to put their money in longer-term investments. On Wall Street outspoken bulls insist that the stock market still has plenty of room to grow. Elaine Garzarelli, an investment strategist for Lehman Bros., looks for the Dow to hit 4000 by the end of the year and climb to 4600 in 1994. "My feeling is that any correction would be minor," Garzarelli says. "Interest rates would have to go up to offer an alternative to money going into stocks...