Word: dillers
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Dates: during 1990-1999
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Enter Ronald Perelman, 51, the multibillionaire Revlon chief. A friend of such Hollywood power brokers as Barry Diller and Michael Ovitz, Perelman began to build an entertainment empire in 1989 when he bought New World, a small producer of movies and TV shows (Crime Story, The Wonder Years). Last year he started acquiring TV stations, first buying seven local outlets owned by then bankrupt SCI Television and later picking up eight more from two other station groups, in deals that are in various states of completion...
...rumors that Seagram's president, Edgar Bronfman Jr., had finally decided to go for an outright takeover. Rumors endowed Bronfman with a long string of potential allies (several phone companies, the cable-TV firm Tele-Communications Inc. and such Hollywood powers as superagent Michael Ovitz and QVC chief Barry Diller) and even set a potential price: $55 for each of the 322 million Time Warner shares that Seagram does not already own. One story had Bronfman taking time at his wedding reception this year to huddle with Ovitz and Diller about takeover strategies...
...Barry Diller, QVC Network chairman and a failed contender for Paramount. Starting up Q2, a second, allegedly hipper shopping channel aimed at Generation X consumers who are presumably uninterested in cubic zirconium. Reported to be planning a takeover run at Time Warner, but denies these rumors as "silly nonsense...
John Malone, Tele-Communications Inc. chairman and Barry Diller ally in the Paramount battle. Engaged in a love-hate relationship with Viacom -- currently talking to Sumner Redstone about buying Viacom's cable systems while fending off Viacom's massive antitrust suit. Also testily pulled Viacom's the Movie Channel from TCI's cable systems...
...result is that techies in large numbers -- engineers who lost jobs at the superconducting supercollider, doctoral students bored with their computer-science dissertations -- are heading for Wall Street. Says Diller: "The people who study science but are not themselves weirdos -- a small subset, people who can adapt to the real world -- become aware that they can make a lot more money...