Word: ovitz
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WILLIAM MORRIS & ICM Rival talent agencies hope to fill breach after uber-agent Mike Ovitz defects to Disney...
...Paramount to Disney, and Frank Wells from Warner Bros. to Disney. Those shifts cued the creation of Fox as a fourth TV network and Disney's growth into a multimedia behemoth . Now, in less than a year, Katzenberg leaves Disney and starts DreamWorks with Steven Spielberg and David Geffen; Ovitz's partner Ron Meyer takes the vacant post at MCA; and Ovitz, the top dealmaker, joins Eisner, the most powerful showman. Says director and CAA client Martin Scorsese: "It will be interesting to see what films get made, and who flourishes, in this new world order...
...industry convulsions could be seismic. Watch the Hollywood earth tremble! CAA clients like Tom Hanks and Tom Cruise feel orphaned, while rival agencies go all adrool, dreaming of talent raids. Or, as David Letterman--whom Ovitz sold to CBS as the $42 million late-night man--says, "Oh, my God, it's the end of show business!" He's probably joking...
Huzzahs rang out from Ovitz's new colleagues . Says Robert Iger, president of Cap Cities/abc: "My initial instinct, and the instinct that remains, is that I'm thrilled with it. Michael Ovitz knows our business, so there's a familiarity that will lend support." Harvey Weinstein, co-chairman of the Disney subsidiary Miramax Films, calls Eisner and Ovitz "the greatest one-two combination since Sandy Koufax and Don Drysdale--only they're both Koufax. Mike Ovitz is the No. 1 talent magnet. Talent loves him. If you say, 'Hey, Mike, I'm having trouble casting this movie,' in about...
Disney startled everyone for the second time in two weeks, naming Hollywood's ultimate insider, Michael Ovitz, as its new president. Ovitz, who headed the Creative Artists Agency, is now in the unaccustomed position of having a boss: Disney chairman Michael Eisner, who revealed two weeks ago that Disney would buy Capital Cities/abc for $19 billion...