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Levin's relationship with Captain Outrageous has improved since 1985. At that time, Turner's grab for the MGM film library left him desperately short of cash. To the rescue rode Malone's TCI and Time Inc. (which later merged with Warner to form the current company). The stakes Turner gave them in return for the bailout, however--18% for Time Warner and 21% for TCI--left him beholden to the companies and unable to make major moves without their consent. When Levin vetoed a Turner plan to acquire NBC last year, Turner publicly complained that Time Warner's treatment...

Author: /time Magazine | Title: HANDS ACROSS THE CABLE | 10/2/1995 | See Source »

Michael Eisner is happy doing things. He just has to be doing everything. In 1989, during the televised extravaganza that launched the Disney-MGM Studio theme park in Florida, Eisner noticed that a spangle from the costume of one of the 1,200 dancers had fallen on the red carpet. He waited till the cameras had passed, then darted out, picked up the spangle and put it in his tuxedo pocket. At Disney, neatness counts. So, for the chairman and ceo, does a twin obsession for the big picture and the smallest, shiniest detail...

Author: /time Magazine | Title: MICHAEL OVITZ: MICHAEL MOUSE | 8/28/1995 | See Source »

...movie star; in Los Angeles. It was in her big-screen debut in 1937 that Turner first strode across the screen in a form-following sweater. The film's title: They Won't Forget. And they didn't. The "sweater girl" simmered through three decades of movies, mostly for MGM, which was the ideal studio for her high-wattage glamour. Aglow in white shorts, white top, white turban and acres of bare flesh for The Postman Always Rings Twice (1946), she bedazzled John Garfield into murder; in Johnny Eager (1942), she helped Robert Taylor live up to his character...

Author: /time Magazine | Title: Milestones Jul. 10, 1995 | 7/10/1995 | See Source »

Well, Vegas has already done that for Eisner. The town is Disneyfied in two important ways. One is that its shows have the Good-Lord-what-next? suspense of a Disney World thrill ride. Or as Tom Bruny, the MGM Grand's director of advertising, explains the challenge of creating EFX: "We knew we had to produce a 'gee whiz' show, but we didn't want it to be just a 'gee whiz' show...

Author: /time Magazine | Title: VIVA LAS VEGAS! | 4/24/1995 | See Source »

...when MGM auctioned off a good part of its priceless heritage, Reynolds was there to buy costumes worn in some of the studio's famous films, including Leslie Caron's plaid suit from Gigi and Clark Gable's uniform from the 1935 Mutiny on the Bounty. "I just started buying on an emotional level," she says. "But after I had bought all this stuff, it struck me: Wouldn't everybody love to see this?" For years, without avail, she tried to interest moguls in financing a movie museum in Hollywood. Then she rolled sevens in Vegas...

Author: /time Magazine | Title: DEBBIE DOES VEGAS | 4/24/1995 | See Source »

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