Word: miramaxes
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...System Is Nuts. Matt Damon, Ben Affleck and producer Chris Moore had the cute idea of a contest among amateur filmmakers, with the winner to direct a $1 million movie to be released by Miramax. Project Greenlight (HBO, Sundays, 9:30 p.m.) is the autopsy of a film from start to finish. It's also reality TV at its most instructively sadistic: first you play Survivor, and after you win, they kill you--slowly...
...events captured the willful hubris of the late '90s like the summer 1999 launch of Talk magazine. The hype-driven, bicoastal venture of Hearst Magazines and Miramax Films began life with a celebrity editor, Tina Brown; with the requisite '90s whiff of "synergy" (articles becoming books becoming movies becoming magazine covers!); and with a party, complete with fireworks and paparazzi, at the feet of the Statue of Liberty. It ended life last week with a whimper, as Brown tearfully broke the news of its closing to her staff, followed by a subdued dinner...
...Brown was a notorious big spender ("I did not go over budget [at Talk]," she insisted to TIME), and in just 2 1/2 years, Talk's losses swelled to an estimated $50 million. There was friction between Brown and her backers, Hearst executives and Harvey Weinstein, the hard-charging Miramax co-chairman. While Talk actually increased its ad pages and revenue in 2001, the post-Sept. 11 economic slump appeared to deliver the coup de grace. Said Talk Media president Ron Galotti, "It became fairly bleak for someone...not part of a big corporate conglomerate...
Late last week Hearst and Miramax told Brown time had run out, and she flew from the Golden Globe parties in Los Angeles to shutter the offices. Outside, photographers showed up to capture the end, as they did the beginning, ashes to ashes, buzz to bust...
...playing off-off Broadway, the spare production of eight actors, a piano and a harp ran for 17,162 performances after opening on May 3, 1960. CLOSED. TALK MAGAZINE, brainchild of former New Yorker editor Tina Brown and chronicler of celebrities and popular culture; in New York City. Publishers Miramax Films and Hearst Corp. cited the poor business climate after Sept. 11 as the reason for its demise. RELEASED. WANG CE, 52, democracy advocate, from prison for good behavior; in Zhejiang, China. Head of a group of exiles called the Freedom and Democracy Party, Wang was sentenced in March...