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After Miramax Film Corp.'s The Crying Game earned $60 million and the Best Original Screenplay Oscar, the hot studio was courted by the likes of Columbia and Paramount. But Walt Disney Co. won out, announcing that it will buy Miramax for an estimated $80 million. Disney, which prevailed in part because it let Miramax retain complete freedom over its projects, gets Miramax's library of more than 200 films, including smash hits such as sex, lies, and videotape. Miramax, with Disney backing, can now make bigger-budget films and perhaps secure more lucrative deals for cable and home-video...

Author: /time Magazine | Title: Hot Property | 5/10/1993 | See Source »

Last December, with a similar $1 million grant from the Walt Disney Co., the city's First African Methodist Episcopal Church launched a Renaissance Program of 20 entrepreneurial projects. Among them: a loan plan that the church's pastor, the Rev. Cecil Murray, says will renovate 35 existing black businesses in Los Angeles, start up 35 new ones and employ 350 people. "Spiritual development cannot take place without economic development," Murray says of the church's economic gospel. Says Danny Bakewell: "It has to be an active principle. It is not something that you can just talk about on Sunday...

Author: /time Magazine | Title: The Gospel of Equity | 5/10/1993 | See Source »

...many people, the word croquet triggers the image of the comical game played by the Queen of Hearts and Alice in the Disney film Alice in Wonderland...

Author: By David S. Griffel, | Title: Croquet National Champions For The Second Straight Year | 5/5/1993 | See Source »

These days Las Vegas has become so sanitized that some casino operators are complaining. The city's largest hotel, the Excalibur, is a medieval castle that looks like Cinderella's at Disney World. The hotel that Bugsy Siegel built, the Flamingo, is now owned by Hilton. Characters like Benny Binion, who bragged of killing those who crossed him, and Bill Harrah, who in his 60s drag-raced with teenagers on Reno streets, have been displaced by quiet, invisible graduates of business schools. The last convicted felon to be spotted by a local columnist on the Strip was Michael Milken...

Author: /time Magazine | Title: The Great Casino Salesman | 5/3/1993 | See Source »

...Wynn's Mirage Resorts Inc.) or because he is the first to think of inserting family fun into betting parlors (Circus Circus Enterprises Inc. did in the mid-'70s, with acrobats and clowns performing above the casino floor). But he is the first to apply to gambling the Disney formula for class-crossing, universal family leisure: cleanliness, measured frivolity and a sense of architectural detail. In the right environment, he argues, everybody and nobody is a gambler. "This place is filled with people like me and you -- none of whom think of themselves as gamblers," he says from his casino...

Author: /time Magazine | Title: The Great Casino Salesman | 5/3/1993 | See Source »

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