Word: mca
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Dates: during 1990-1999
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This time around, even Secretary of the Interior Manuel Lujan jumped into the fray. Citing hundreds of angry letters and calls from citizens, Lujan said he wanted to keep the Yosemite Park and Curry concessionaire in the hands of Americans. MCA will be given a year to find an American buyer...
...does that mean, 'inspirational'? To be told that there are going to be restrictions for writers is appalling." Two days later, though, Tanii, who apparently had been caught off guard, clarified his response: "There should be no misunderstanding of Matsushita's position in this important area. Creative decisions for MCA will be made by MCA management...
...Matsushita (pronounced Mat-soosh-ta), the MCA purchase is a way of ensuring an immensely valuable supply of so-called software: the movies, records and films that can be played on the machines Matsushita sells. Says Donald Richie, a leading arts critic and longtime resident of Japan: "There's no reason for a Yellow Peril scare. The Japanese just want to milk the cows and pull in the profits that they know these studios create." Matsushita hopes to put half a century's worth of MCA creative output into new CDs, videotapes, laser discs and other formats. Besides producing movies...
...part, Wasserman saw the deal as a necessary step in beefing up MCA's ability to compete globally. Long known affectionately in Hollywood as the Godfather, Wasserman, 77, has run MCA for 44 years. When he joined the Music Corporation of America, as it was then known, at age 22, it was a talent agency specializing in booking bands into nightclubs. As it grew, MCA picked up the nickname the Octopus for controlling more than half the top stars in the business, including Clark Gable, Marilyn Monroe, Jimmy Stewart and Bette Davis. Wasserman became MCA's top agent. As president...
During the past few years, however, as one media giant after another merged with a powerful partner, Wasserman apparently became convinced that MCA needed to make a strategic alliance to gain King Kong-like size and access to hoards of cash. Capital Cities bought ABC, General Electric acquired NBC, Murdoch bought Fox, and Time Inc. acquired Warner Communications. As Wasserman reportedly told an MCA shareholder last year, "We're a 200-lb. gorilla in a game with 1,000-lb. gorillas. We've got to become a 1,000-lb. gorilla or get out of the game...