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There's no business like show business, even when it comes to off-screen commercial disputes. In a settlement that left Hollywood somewhat breathless last week, Warner Bros. and Sony Corp. ended their two-month battle over the services of Peter Guber and Jon Peters, the megahit producers of Batman and Rain Man. Warner agreed to release Guber, 47, and Peters, 44, from a five-year contract, thereby permitting Sony to hire the pair to run Columbia Pictures Entertainment, which the Japanese firm is acquiring for $3.4 billion. In return, Sony ceded entertainment assets to Warner Bros. that analysts estimated...
DANIEL LANOIS: ACADIE (Opal/Warner Bros.). Record producers, even those as skillful as Lanois (U2, Dylan), usually come up with eccentric gewgaws when they perform on their own. But here is an exception: Lanois' music is minimal, mystical, folklike but decidedly unfolksy. No wonder he runs with the big boys...
...million roll of the dice, Hollywood always wants to improve its odds. That's why studios are so willing to pay breathtaking sums to surefire stars. Now Hollywood's obsession with the talented few is fueling a billion-dollar personnel tug-of-war that pits Warner Bros. against Sony for the services of the two hottest movie producers to come along since Samuel Goldwyn met Louis B. Mayer...
...Warner Bros., which is controlled by Time Warner, is suing Sony, Guber and Peters in Los Angeles Superior Court for $1 billion, accusing them of breaching the contract. Warner has asked the court for a permanent injunction, on which the court is expected to rule this week, to prevent Guber and Peters from working for anyone else. Warner contends that Guber and Peters are responsible for more than 50 of the studio's current projects, including the film version of Tom Wolfe's Bonfire of the Vanities. Sony and the two producers are countersuing for $100 million, charging Warner with...
More than most industries, the movie business is dependent on the creative talents of a few top people. That is the basis for a feud that has broken out on the sprawling Burbank, Calif., studio lot that Columbia Pictures shares with Warner Bros. Friction between the neighbors began last month when Japan's Sony agreed to buy Columbia for $3.4 billion and made plans to hire hit-making producers Peter Guber and Jon Peters (Rain Man, Batman) to run the studio. But the two men had signed an exclusive five-year deal to make movies for rival Warner...