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After Wasserman and Sheinberg gave their blessing to the trio, the contracts for the new company were signed -- in a mere six business days after the bustling Katzenberg had left Disney. And on the seventh day, did he rest? Of course not. He worked the phones...

Author: /time Magazine | Title: SHOW BUSINESS: A Studio Is Born | 10/24/1994 | See Source »

...fickleness of the marketplace. Such ambitious outfits as First Artists, Orion Pictures, the Ladd Company and Francis Coppola's Zoetrope Studios all came and, sooner or later, went under. With the iffy exception of TriStar, formed in 1982, no successful major studio has started from scratch since Disney in the 1920s...

Author: /time Magazine | Title: SHOW BUSINESS: A Studio Is Born | 10/24/1994 | See Source »

...break the spell, says Hollywood royalty, it's the Katzenberg Kids. Film producer Steve Tisch, who is a close Katzenberg friend, says he would "love to be aligned with them. Plenty of executives would like to work for them -- I hear a lot of Xerox machines running today." Even Disney chairman Michael Eisner, who will not be sending his resume to Katzenberg, gives the troika a rave review. "Competition ignites and stimulates excellence," he says, "and for that I wish them well. I think they'll do well. And I think they'll force us to do even better than...

Author: /time Magazine | Title: SHOW BUSINESS: A Studio Is Born | 10/24/1994 | See Source »

...domestic box office (E.T., Back to the Future, Back to the Future Part II, Jurassic Park and The Flintstones) have come from Spielberg's Amblin. Another Spielberg film, Schindler's List, | earned $96 million and a slew of Oscars. Universal Studios Florida, the company's pricey rival to Walt Disney World, is virtually a Spielberg shrine, with major rides celebrating E.T., Back to the Future and Jaws. But without its main man, Universal is a crippled company. The rest of its movie trove is a dog named Beethoven and some other dogs named Dr. Giggles, Splitting Heirs and Havana...

Author: /time Magazine | Title: SHOW BUSINESS: A Studio Is Born | 10/24/1994 | See Source »

Katzenberg fields other rumors and lobs them back. An alliance with Microsoft's Bill Gates? "Premature." How about an art-film division run by Bob and Harvey Weinstein, whose Miramax Films Katzenberg bought for Disney last year? "It would be wrong to speculate about that stuff, knowing they still have many years to go under the Disney contract." Will he raid Disney for animation talent? "I'm not in this to be a spoiler...

Author: /time Magazine | Title: SHOW BUSINESS: A Studio Is Born | 10/24/1994 | See Source »

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