Word: hollywoodized
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Dates: during 1970-1979
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...mandate is to bring moviemaking into the computerized, cost-controlled business world. The newest enthusiasm in Hollywood film making, therefore, is cutting budgets and cutting losses. Some of that $100 million debit was just a realistic write-off or write-down on properties in the works or even in the can that could never net as much as originally projected. In November, the last tycoon of old Hollywood, Jack Warner, retired from the studio bearing his name. But even before his formal send-off (on Sound Stage No. 7, where the "Great Hall" set from Camelot is still unstruck...
...flop percentage is the same for little movies as for blockbusters-about 70%. The Hollywood rule of thumb is that a picture must gross 2½ times its cost to break even. As Warner's President Ted Ashley puts it, "If you get hurt with the $15 million films, you get de-balled." Though his $20 million Hello, Dolly! may nose into the black eventually. Fox Board Chairman Darryl F. Zanuck confesses that he would be some kind of nut to launch such an extravagant film today. "Once you're over the $4,000,000 category," he figures...
...Star. That sort of economic discipline was thought impossible until last year, when the Peter Fonda-Dennis Hopper production, Easy Rider, hit Hollywood the way the Volkswagen hit Detroit. Shot on a starvation budget of $400,000, the film is expected to gross $30 million-a reminder that people 30 and under account for 75% of the U.S. box office...
What Holidays? If any single man personifies the violent change in Hollywood, it is Aubrey, who in October became MGM's third president in eleven months. They called him "the Smiling Cobra" when he was president of CBS-TV from 1959 to 1965, and at MGM he is to be the new broom-or ax. The company he took over was in paralysis after three years of proxy battles and within four weeks was to report the $35 million loss for 1969. Part of that deficit, though, was accounted for by the cancellation of 15 films in progress that...
...younger generation's fascination with films is Hollywood's greatest hope -and challenge. As in other aspects of life, the kids are demanding a new honesty in film-making that has nothing to do with the size of the budget. Michael Campus, 28, former director of specials at CBS, explains: "Young people are saying that it's a crime to spend $20 million on Paint Your Wagon. That amount could remake a city." Perhaps in getting right with the new audience, Hollywood will not only save its head, but its own soul...