Word: caa
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Dates: during 1990-1999
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...wasn't about money," everybody said, after Ovitz told his team at last Monday's regular meeting that he and two other CAA officers were staying put. No, of course not. Money has mainly a symbolic value in the entertainment business. It tells the top players how much they are wanted or not wanted. You want Sylvester Stallone for a picture, so you pay him $20 million. You want to get rid of Robert Morgado, the recently deposed head of Warner Music, so you contemplate a buyout package that's been estimated at upwards of $30 million...
...deal is a Hollywood story, it must also be about relationships. It was about Ovitz's friendship with Bronfman, which was tested by Ovitz's demands for more money and power. It was about the family atmosphere, nurturing and disciplined, in which the lords of CAA raise their younger employees. It was also about the agency's awesome client roster: the Costners and Cruises, Redfords and Streisands, Keanus and Winonas, Spielbergs and Zemeckises. These are people who don't like to feel deserted by their 10-percenters...
According to CAA sources, the reported "preliminary agreement" between the agency and MCA never happened; there was only the back-and-forth of negotiations. But that doesn't really matter. In his flirtation with MCA, Ovitz was like the husband who has a notorious fling with a tootsie, then returns to his wife and children with a blithe, "Honey, I'm home!" The tootsie is MCA. The wife is Ovitz's list of clients, each of whom must now be reassured that, yes, Michael still loves her best. The children are CAA's Young Turks, who during the scare...
...Bronfman says he will put off looking for a new studio chief while he learns more about the company. And Ovitz, according to a CAA representative, is "working his little fanny off." Some industry insiders think Ovitz's real goal is to be the next chairman of Time Warner. And if that, why not the boss of Viacom? Or Supreme Commander of the Galaxy? And would anyone be surprised if the discussions between Ovitz and Bronfman were to start again? After all, they still have a relationship...
BEST PERFORMANCE IN ARMANI AND A HEADSET. How did the agents do? Of the seven winners in the acting, writing and directing categories, CAA represents three (Spielberg, Tom Hanks and Jane Campion), ICM two (Holly Hunter and Tommy Lee Jones), and the little-known Harold Greene Agency one (Schindler's List screenwriter Steven Zaillian). Eleven-year-old Anna Paquin is represented by the even-less-known Double Happy agency of New Zealand. The William Morris Agency was shut...