Word: mgm
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Dates: during 1980-1989
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Most of these top earners worked in industries that did well despite the worsening economy, particularly in entertainment, energy and aerospace. MGM, where earnings rose 25% thanks in part to hotel and casino revenues and the profitable licensing of TV rights to Gone With the Wind, boasted two officers in the top 15 in addition to Rosenfelt: Executive Vice President Barrie Brunei ($2.5 million) and Board Director James Aljian ($1.8 million). Two of Mobil Corp.'s top executives were also in the millionaires' club: Chairman Rawleigh Warner Jr. ($4.3 million) and President William Tavoulareas ($2.3 million). The fourth...
...imagine voices, it ceased to be an active "creative contributor to the process of making a film." Hollywood: The Pioneers offers powerful support for that belief, including a 1928 photo that draws the curtain on an adventurous, fatally innocent era: as a group of bored technicians look on MGM's fabled trademark, Leo the lion, roars into a microphone for the very first time...
...Before Television, studios followed the Ben Hur route: General Lew Wallace wrote the book, it became a bestseller, MGM bought the property and transformed it into big box office. In the decades A.T., film companies learned to acquire novels before publication-particularly if the author was a known quantity, like Irving Wallace or Jacqueline Susann. Publishers also learned to produce prose spin-offs-novelizations of hit movies. The current flood includes Alien, The Rose and Star Wars...
Sometimes the author starts the equation: Charles Sailor was one-third through his messianic thriller The Second Son when his money ran out. The author went to MGM and two days later had a deal: $325,000 plus 5% of the producer's gross and a role in the film, plus a $200,000 advance from Avon publishers for paperback rights. "If you come to the studio with something written down, they'll pay more," says Sailor. "They know you could take it elsewhere. It's easier for them when you're selling...
...that Paul and Sharon Boorstin offered MGM Vice President John B. Tarnoff. "The Boorstins came to us with a verbal presentation: a story in the tradition of Rosemary's Baby. We gave them a $50,000 advance on the movie rights, and they went to Richard Marek with whom they made a book deal." Like many current contracts, the Boorstins' calls for a series of escalating bonuses depending on how many weeks The Glory Hand remains on the bestseller lists and whether it is picked up by a book club. Says Paul Boorstin: "The new trend in Hollywood...