Word: mgm
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Dates: during 1970-1979
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...slogans like "three days of love, peace, and music." Or rather it did; at Woodstock, hip culture proudly announced that it was just a young Yahoo America, that those long hair types you folks been fearing out there just want their drugs and music, courtesy of MGM or Warner, it doesn't matter. The ballgame was over for the Vulgar Marxists; that's what Peter Townshend was saying as he clubbed Abbie Hoffmann off the stage (no, it's not in the movie). The game metaphor had won out. Politics is a game, see, and if you play politics...
...loser yet, if only because the budgets are so slender, emphasizing short shooting schedules and minimum salaries for all. The only way Cannon could lose money on any of its films would be to burn the negative. The prospects for Joe and for Cannon are so rosy that MGM recently offered to buy not only the movie but the company as well. MGM was rebuffed on both counts...
...against the wall, MGM. They have taken James Simon Kunen's straightforward memoirs of the 1968 Columbia riots and turned them into a homogenized and dishonest movie about student politics whose central thesis is that the kids are only in it for the action -the sexy action. The Strawberry Statement has about as much to do with Kunen's book as the film The Ten Commandments had to do with the tablets...
...speed freak who wears an eye patch and talks like a paranoid Long John Silver), and produced something that might be called Andy Hardy Gets Busted. A few more films like Getting Straight (TIME, May 18) and The Strawberry Statement, and students may begin occupying what is left of MGM's offices instead of the campus administration building...
...Since their highs of last year, the paper value of Kerkorian's controlling holdings in International Leisure, Western Air Lines and MGM have shrunk by some $497 million to an estimated $147 million. But Kerkorian has never been known to panic at a run of bad luck. He paid only $4 each for his 5.4 million shares of International Leisure, and even after a 79% drop in market value, he is still nearly $73 million ahead...