Word: ovitz
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Last week Eisner was a very happy man. A fortnight after springing word of the Walt Disney Co.'s $19 billion acquisition of Capital Cities/ABC, he announced that Michael Ovitz had agreed to leave his post as mega-boss of Creative Artists Agency and join the Mouse conglomerate as president, effective Oct. 1. In June, Ovitz, a.k.a. Hollywood's Most Powerful Man, had passed up a $250 million offer to run MCA. So the news that he would be Eisner's-or anyone's-No. 2 left observers giddy with admiration. "Disney now is not only the world's biggest...
...while maintaining his sitcom reputation as the most likable kid on the block. Not that Howard's easygoing nature prevents him from firing unprofessional actors or screenwriters who can't deliver the goods. "He's tougher than all of us," Creative Artists Agency chief and Hollywood hardball player Michael Ovitz has said...
...Bronfman says he will put off looking for a new studio chief while he learns more about the company. And Ovitz, according to a CAA representative, is "working his little fanny off." Some industry insiders think Ovitz's real goal is to be the next chairman of Time Warner. And if that, why not the boss of Viacom? Or Supreme Commander of the Galaxy? And would anyone be surprised if the discussions between Ovitz and Bronfman were to start again? After all, they still have a relationship...
...confirmation will come from Ovitz, a man who wields power in a whisper. He believes in the Oz principle: the mysterious god is most fearsome. He doesn't often speak to the press; when he does it's usually off the record, and he doesn't give away much. Even before the MCA rumors, he was a frequent subject of what-does-he-really-want stories in newspapers and magazines. And today, after months of entrail reading, nobody but the wizard of Ovitz knows for sure...
...Michael Ovitz isn't going anywhere. Negotiations for the Creative Artists Agency chairman to head MCA collapsed as Seagram completed its $5.7 billion purchase of 80% of the entertainment giant. Disputes between Ovitz and Seagram ceo Edgar Bronfman Jr. over executive autonomy and a compensation package worth more than $200 million are speculated to have caused the impasse...