Word: ovitz
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Dates: during 1980-1989
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...film proposal, but the ones with real clout are those who can flash a thumbs-up and make it happen. That power used to be the exclusive preserve of the studio moguls. Not anymore. While studios still control the financing, today the man with the golden thumb is Michael Ovitz, an agent and martial-arts buff who works in quiet but irresistible ways. Nearly everyone in show business agrees that Ovitz, 42, president of Creative Artists Agency, is probably the most powerful figure in Hollywood. Some think he may be a bit too powerful...
Michael who? Most people outside Hollywood would not recognize his name, but that's the way he likes it. The Ovitz team's credo: Don't talk about us, talk about our clients. The 675 names on the agency's roster include actors ranging from Paul Newman to Bette Midler, directors from Ron Howard to Martin Scorsese and musicians from Michael Jackson to Madonna. While CAA's chief rivals -- International Creative Management and William Morris -- may boast longer lists of stars, the 14-year-old CAA has snatched most of the brightest lights in the business. Says longtime agent Irving...
Contrary to the unbuttoned, indulgent style at many agencies, CAA operates with the crisp, well-coordinated teamwork of a Japanese high-tech firm. What adds to the agency's mystique is that Ovitz is extremely press shy. In the first extended interview he has ever given, he described his agency's unusual philosophy to TIME correspondent Elaine Dutka: "Some companies believe that internal competition helps the bottom line, but I'm not of that school. We try to take the paternal approach of the Japanese, who take care of their own, and temper that with Western creativity and ingenuity...
...Ovitz, who shares power with CAA co-founders Ron Meyer, 44, and Bill Haber, 46, has shown an uncanny touch for putting stories and stars together. The agency had a hand in assembling the elements of four current box-office hits: Rain Man, Mississippi Burning, Twins and Scrooged. Among its TV successes are Golden Girls and Beauty and the Beast. Says Barry Diller, chief executive of Fox Inc.: "CAA represents a lot of good people, and is very aggressive in how they link them to each other. It's all about selling, and they're very good...
Clients appreciate the fact that Ovitz not only pampers them but also teaches them to become more self-sufficient. Says actress Sally Field, a CAA client: "We used to be totally helpless, talking about what lessons to take or how thin we'd got our thighs while we waited for the phone to ring. Michael encouraged me to pick up the phone and develop my own projects. He told me, 'Be your own studio...