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Edgar Sr. blazed a path for his son in another way: investing in show business. He tried gaining control of Paramount but lost, then bought a big block of MGM and actually became chairman in 1969, only to resign after Kirk Kerkorian took over the company. Bronfman continued, however, to back Broadway shows (one was 1776) and motion pictures. In 1970 Edgar Jr., then 14, found a script on a table of the family's New York City apartment and talked his father into bankrolling Melody, a movie based on that script. He skipped summer camp and went to London...

Author: /time Magazine | Title: Dress Rehearsal, Or Opening Night? | 5/16/1994 | See Source »

Counting Parretti out would be a mistake. After all, he bought MGM from Kirk Kerkorian for $1.4 billion despite deafening gossip that he would never come up with the dough. He has a long history of being dismissed and then, as an MGM insider puts it, "pulling a rabbit -- even a roaring lion...

Author: /time Magazine | Title: Desperate Hours for MGM | 3/18/1991 | See Source »

...carriers were courting the airline. But as soon as the venerable company filed for Chapter 11 protection last week, competitors were suddenly flocking to bankruptcy court. Rival carriers Delta, Trans World and Northwest all expressed interest in buying some part of the bankrupt airline. Even show-biz financier Kirk Kerkorian made an offer, promising to provide as much as $50 million in emergency financing. But bankruptcy judge Cornelius Blackshear rejected all the bids as latecomers...

Author: /time Magazine | Title: AIRLINES: I'll Take a Wing, Please | 1/21/1991 | See Source »

Megarich financier Kirk Kerkorian knows how to make a fortune in the glitter mills of Las Vegas and Los Angeles, but can he do it in gritty Detroit? Last week Chrysler said the Beverly Hills investor had accumulated more than 9% of the troubled automaker's stock at an estimated cost of $250 million. Kerkorian met with Chrysler chairman Lee Iacocca earlier this month and professed support for the company's management but refused to sign a "standstill" agreement to stop increasing his stake, a Chrysler spokesman disclosed. Girding for a possible takeover bid, Chrysler has strengthened its poison-pill...

Author: /time Magazine | Title: FINANCIERS: Beverly Hills Meets Motown | 12/24/1990 | See Source »

...Kerkorian, 73, collected $1.3 billion from the sale last month of his majority stake in MGM/UA Communications. Chrysler, which suffered a $214 million loss in the third quarter, must have looked like a bargain. Its stock price has fallen 40% in the past year, to 12 1/4. Even so, Kerkorian's strategy remains a mystery, since Chrysler's share of the auto market is weakening and the automaker's assets might be difficult to sell piecemeal...

Author: /time Magazine | Title: FINANCIERS: Beverly Hills Meets Motown | 12/24/1990 | See Source »

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