Word: ovitz
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...lately been involved in its own corporate melodrama. In 1990 Matsushita bought the company in a $6.6 billion deal arranged by the movie Mephisto, Michael Ovitz, chief of Creative Artists Agency. Profits were plentiful, thanks to a flourishing music division, helped by acquiring David Geffen's record holdings, and a folio of hit films, most of them produced by Steven Spielberg. And at first, Japanese-American relations were smooth. Then some of the Matsushita executives who were on good terms with MCA president Sidney J. Sheinberg were fired. Says MCA movie chief Tom Pollock: "I believe if the Matsushita administration...
...Baby Bell phone companies have turned to Hollywood. Ameritech, Bell South and Southwestern Bell (now SBC Communications) are teaming up with the Walt Disney Co. to develop and distribute movies, games and other programs to home viewers. Nynex, Bell Atlantic and Pacific Telesis have been talking with superagent Michael Ovitz about forming an alliance to make and distribute films. The idea is to create a coalition, or umbrella, that would enable the telephone companies, with the clout of their 50 million customers, to acquire the programming that will go out over these networks...
...years ago when borrowing was easy. Matsushita, meanwhile, is locked in a struggle with the American executives who run MCA -- the film studio it bought for $6.1 billion in 1990 -- over the Americans' demand for more authority and investment capital. Last week the company reportedly hired Hollywood agent Michael Ovitz and media dealmaker Herbert Allen to help make peace and to "re-evaluate" MCA's assets; one option would be to sell a stake in the company...
...MICHAEL OVITZ...
Where do baby bells go before setting out on the information superhighway? If they're Nynex, Bell Atlantic Corp. and Pacific Telesis, they fuel up in Hollywood. The three phone giants announced today that they were starting a production venture with premier agent Michael Ovitz's company, Creative Artists Agency. The goal: produce TV shows and interactive entertainment, which they can pump over their lines. It's all part of therace against cableto capitalize on the emerging information-in-a-settop-box age. Phone companies are trying to makeup for cable's huge programming advantage. "That's why they need...