Word: disneyized
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...that Michael Ovitz is out of a job, what's he up to? Shopping, for one thing. Recall that Ovitz was dispatched as president of the Walt Disney Co. in December, after 14 unhappy months. His wounds were soothed by a handsome contract settlement worth $130 million, give or take a dollar, depending on the performance of Disney stock...
...Disney, Ovitz's expensively renovated offices stand empty. His Gulfstream III jet, which he sold to the company when he went to work there, is now happily occupied by ABC president Bob Iger. Apparently Ovitz has replaced it with a more modest Westwind...
...told inquiring moguls that he thinks Ovitz would have no trouble raising money to acquire a midsize company--and Allen's clearly a guy who would know--though no obvious candidate springs to mind. And Gordon Crawford of the Capital Group, which controls major stakes in Disney and Time Warner, says he would consider investing in an Ovitz venture. After all, he observes, "the guy was very successful in one career." He's referring, of course, to Ovitz's work building the formidable Creative Artists Agency, not Disney...
Meanwhile, Ovitz has been upgrading his real estate portfolio. Even as the ax was poised at Disney, he sewed up the purchase of the Dancing Bear Ranch in Aspen for $5.5 million. The 500-plus acres are near Disney chairman Michael Eisner's home, although presumably they won't be vacationing together as they have in the past. In Malibu, California, Ovitz is buying a few acres of property on a seaside bluff, a $5 million parcel belonging to Motown mogul Berry Gordy. Malibu property has a distressing habit of sliding into the sea or turning into charcoal, yet this...
...fuss that bubbled up when it was suggested that the title character in the TV show Ellen might come out? The controversy eventually petered out, but the idea didn't. The script for the episode in which Ellen announces she's gay, sources tell TIME, landed on the Disney TV honchos' desks last week. If approved, it will probably air early in the May ratings sweeps. Accordingly, the show would be completely revamped next year. Rumor has it that star ELLEN DEGENERES is looking for a whole lot more money and her network is looking for a whole new supporting...