Word: mca
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Dates: during 1960-1969
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Last week the U.S. Justice Department withdrew its objections to MCA's plans to take over both Decca Records and Universal Pictures, a Decca subsidiary. MCA, with its Revue Productions, is already the most successful TV producer in the U.S. Now the company is going to produce feature films, becoming a sort of instant major studio-and perhaps soon the biggest...
...Justice Department forced MCA to give up its huge talent agency earlier this year, but that loss is now described by an MCA executive as "a minor distraction." To keep Justice happy, MCA has agreed not to grab any other TV, record or movie companies for seven years. This was intended to suggest the spirit of compromise...
...months Hollywood and Vine has buzzed with gossip of a really big show cranking up in the movie capital. Producer: the U.S. Justice Department, whose trustbusters have long been roaming the town like talent scouts interviewing actors, agents and executives. Reluctant villain: the mammoth MCA Inc., which acts as agent for half or more of the U.S.'s top actors, is the nation's largest producer of filmed television shows, leases a library of old movies for late-night TViewing, and last year grossed $82.4 million. It would be an antitrust epic, and the story line would...
...civil suit in Los Angeles federal court last week, the U.S. charged that the "predatory" activities of The Octopus violated the Celler-Kefauver anti-merger act. The charges noted that MCA recently acquired Decca Records, and, through Decca, control of Universal Pictures Co., Inc. MCA already owns Universal's lot. leases part of it back to the movie company for $1,000,000 a year. Now, by taking over Universal itself, MCA might well be in a position to dominate the movies as it already dominates the canned-TV business...
Aware that the feds were after it. MCA last week volunteered to dispose of its talent business, which represents such stars as Marlon Brando, Sophia Loren and Jimmy Stewart but accounted last year for only $8,400,000, or about 10% of MCA's gross. The Justice Department wants much more than that. Convinced that MCA's divestiture plan would still leave the talent operation under the control of MCA executives, the Government demands that it be dissolved completely and the stars set free. The Justice Department also wants MCA's acquisition of Decca and Universal rescinded...