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David Geffen and Jeffrey Katzenberg found a studio...

Author: /time Magazine | Title: Magazine Contents Page | 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 »

...sure. But the new company wouldn't exist if Katzenberg hadn't been dumped at Disney -- a fact that must be provoking second thoughts on Dopey Drive. Now the besieged mouse factory faces serious competition in a business it dominates, feature-length cartoons, from Katzenberg, who helped perfect the modern Disney cartoon style. If Katzenberg has a mission other than to run a state-of-the-industry multimedia company, it is to duplicate the artistic and commercial success of recent Disney animation. In Hollywood, revenge is a dish , best eaten in public -- at the box office...

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

...fine-tune a feature. Soon the Big Three will be obliged to step out of the p.r. spotlight and into the crucible of creation. But for them, and maybe even for consumers, the future rolls out like a red carpet. Spielberg, after all, redefined the role of movie director; Katzenberg helped redefine the animated film; and Geffen, in many media, kept redefining himself. If these guys don't make entertainment more entertaining, they'll have a lot to answer...

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

Three of the biggest names in show business sent tremors rolling through the movie industry when they announced they were pooling their creative and financial resources in order to form their own studio. The trio: Jeffrey Katzenberg, the recently spurned Walt Disney Co. executive who is widely credited with revitalizing that studio's animation division; Steven Spielberg, history's most successful director; and David Geffen, the record-industry mogul. The new firm was rumored to be interested in helping a management-led buyout of an existing competitor -- most likely MCA's Universal -- in order to get a quick start...

Author: /time Magazine | Title: The Week October 9-15 | 10/24/1994 | See Source »

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