Word: medavoy
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...finance committee chairman., are among Transamerica's biggest shareholders, with a total of 505,000 shares, worth about $7 million. But when Pleskow suddenly quit, Krim and Benjamin decided to follow. Last week others joined the exodus, among them Senior Vice President for Production Mike Medavoy, 37, who is considered tops at measuring popular tastes and making money-spinning deals...
...preview audiences are giving it ovations, and much of Hollywood is assuming that star and movie will be up for Oscars next year. "I can't recall such excitement about a new movie and a new star since maybe Giant and James Dean," gloats United Artists Boss Mike Medavoy. Says TV's Norman Lear: "That movie sent me through the ceiling...
Rescue Derring-Do. Not every studio has joined the race to Entebbe. Says United Artists Production Boss Michael Medavoy: "I have serious reservations about capitalizing on a news story like that. It cheapens everybody." That criticism notwithstanding, at least one project offers hope of exceptional accuracy: Merv Griffin Productions' Odyssey of 139, which will focus on the ordeal of the hostages rather than the derring-do of the rescue. Reason: Griffin President Murray Schwartz was aboard the hijacked plane and was among the group of hostages released prior to the Israeli rescue mission...
...wages are up 15% over last year. Even a middling movie can end up costing $6 million, which makes it a gamble: such a movie generally must gross $18 million before it covers overhead and distribution costs and even begins returning a profit. "The numbers are incredible," says Mike Medavoy, United Artists' production chief. "I sometimes wonder about the logic...