Word: mca
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Dates: during 1990-1999
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...MCA New owner Edgar Bronfman Jr. nails down distribution deal with DreamWorks...
...Seagram-owned entertainment giant MCA inked a 10-year deal with DreamWorks SKG, the studio created by Steven Spielberg, Jeffrey Katzenberg and David Geffen. MCA will distribute the studio's films internationally and its music- and home-video releases worldwide. Geffen valued the overall deal as potentially worth $1 billion to MCA...
Plenty of Hollywood's powerati are pleased that Ovitz did not realize his big dream. In 1989 an Ovitz friend divulged, "Michael would like to end up as the Lew Wasserman of his day" -- a reference to MCA's empire builder, who also began his career as an agent. Ovitz has a vast empire as well, including deals with Baby Bells, advisory roles with banks that own movie studios and a contract to produce commercials for Coca-Cola. He's poised to be the Wasserman of the 21st century. But for now he won't be the Wasserman of MCA...
...from Ovitz, a man who wields power in a whisper. He believes in the Oz principle: the mysterious god is most fearsome. He doesn't often speak to the press; when he does it's usually off the record, and he doesn't give away much. Even before the MCA rumors, he was a frequent subject of what-does-he-really-want stories in newspapers and magazines. And today, after months of entrail reading, nobody but the wizard of Ovitz knows for sure...
Michael Ovitz isn't going anywhere. Negotiations for the Creative Artists Agency chairman to head MCA collapsed as Seagram completed its $5.7 billion purchase of 80% of the entertainment giant. Disputes between Ovitz and Seagram ceo Edgar Bronfman Jr. over executive autonomy and a compensation package worth more than $200 million are speculated to have caused the impasse...