Word: hollywoodizations
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Dates: during 1990-1999
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...drag the company down. A protege of Morita's and Ohga's, Schulhof was a 20-year Sony veteran, a physicist who in his early years as Sony America chief had been competent enough in overseeing its lucrative electronics and music businesses. The company's disastrous foray into Hollywood, however, "changed Mickey," as one Tokyo-based Sony director puts it. Schulhof's lavish spending to remodel Sony's Madison Avenue headquarters had already drawn grumbles in Tokyo. The studio, led by Jon Peters and Peter Gruber, had gone through money the way film runs through a projector. Meanwhile, Sony...
Thus John Calley, the chairman of Sony Pictures Entertainment, lost the opportunity to trumpet a major project in the works. Such are the caprices of show biz. But for Calley the collapse of the deal is particularly irksome, since Hollywood is clamoring for action from him as he marks his first year...
...Street, about Tokyo's long-term plans. With revenues pouring in, Sony doesn't appear to be spending that much. Is the strategy to crank up some dazzling results and then snag a buyer? Is Calley just a caretaker? This is his second turn at the helm of a Hollywood studio; he headed Warner Brothers from 1967 to 1980. An engagingly candid, out-of-the-box thinker, Calley, 67, is nevertheless running a business that has changed drastically. Some in the industry wonder whether he has the will or the wile to stay in for the long haul...
Judge John W. Ouderkirk pressed hard for a deal, but when the two principals finally met face to face for a court-ordered chat on Nov. 3, things didn't go well. Having blown off some steam, the boys may finally be ready to talk and thus deprive Hollywood of a deliciously vicious courtroom clash. Technically, a jury would determine only whether Disney violated the contract. If the jury found it did, an arbitrator would determine the damage award...
This is not a contract dispute so much as a workplace divorce. Katzenberg and Eisner go back years, first at Paramount Pictures and then at Disney, where they presided over one of the most spectacular turnarounds in Hollywood history. But after 10 very good years, bad things started to happen. Frank Wells, Disney's charismatic No. 2 man, was killed in an April 1994 helicopter crash. Four months later, Eisner required emergency bypass surgery. To Katzenberg this seemed a logical time for his own advancement. He lobbied strenuously for the Wells...