Word: bros
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...WARNER BROS...
...last week, those shares had dropped to $20.10--wiping out nearly two-thirds of the market value of the combined companies since their merger was announced in January 2000. Several Wall Street analysts estimate the company's cable, entertainment and publishing divisions (which include CNN, Warner Bros., Warner Music and Time Inc., the parent company of this magazine) are worth about $19 a share. That leaves AOL near zero. When it reports its first-quarter financial results next week, AOL Time Warner will take a write-down of $54 billion--the biggest such charge in U.S. history--to reflect...
...Warner Bros...
...Greatest Show On Earth: There are animals, of course, walking improbably on their hind legs, but it's humans who elicit the held breath at the 132nd Ringling Bros. and Barnum & Bailey circus. In a computer-generated age, there's an odd thrill in seeing a real person do the undoable, like leap through a ring of flaming knives blindfolded. And the cheeky audience-participation antics of David Larible, above, make clowns seem almost hip. Almost...
Once again Hollywood has turned to comic books for plot, character and box office power. Despite the initial success of Warner Bros.' Batman franchise (the first installment in 1989 grossed $413 million on a budget of $35 million, but by 1997's Batman & Robin that had dwindled to $130 million on a $110 million budget), successful comic-book adaptations were few and far between. Judge Dredd, starring Sylvester Stallone, in 1995 was the low point, losing around $40 million. Now though, the cinematic landscape has changed. The vampire-hunting Blade grossed over $112 million in 1998, while...