Word: ovitz
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...come back. Shockwave.com an entertainment site that forged pricey pacts with Tim Burton, David Lynch and the two creators of South Park, laid off 20 last week from its staff of 170. A copyright lawsuit filed by the movie and recording industries has scared investors away from the Michael Ovitz-backed content-search engine Scour, which laid off 52 of its 70 employees two weeks ago. The Digital Entertainment Network imploded in May, and even the critically lauded short-films site Atom Films is in need of another round of financing...
...serious threat until broadband becomes more popular, but the legal fur has already begun to fly. Last week the Motion Picture Association filed suit against Scour www.scour.com) a website that runs a file-exchange community popular with DivX fans and that counts among its investors Hollywood power Michael Ovitz. It's doubtful that a successful verdict will stem the tide. Most DivX movies are stashed away on private servers, hard to find but accessible to those in the know, and as with MP3, neither legal nor ethical concerns are likely to carry much weight against the temptation of free stuff...
Denis Hayes is the Mike Ovitz of the environmental movement, always hustling for new ways to promote the cause. When Hayes, the chief organizer of Earth Day 2000, wanted a headliner host for his April 22 rally in Washington for clean energy, he landed a star of Titanic proportions: LEONARDO DICAPRIO. By signing up to help save the planet, Leo joins a distinguished list of notables who have used their celebrity to draw attention to environmental issues. TV actor TED DANSON founded the American Oceans Campaign, Academy Award winner SUSAN SARANDON is an avid supporter of Mark Plotkin's Amazon...
When Dana Giacchetto was flying high, they called him the rock-'n'-roll broker. His client list was more Melrose Avenue than Wall Street: Leonardo DiCaprio, Cameron Diaz, Matt Damon, Michael Ovitz. For the club-hopping Giacchetto, the line between client and buddy was as thin as a supermodel. He put DiCaprio up in his SoHo loft and vacationed with Courtney Cox's family. He had a knack for wrapping himself in buzz. In a New York Times profile of Ovitz last May, Giacchetto dropped names the way most brokers drop bad stocks. "Get me Michael!" he reportedly shouted...
Giacchetto wasn't born in the fast lane. He grew up middle-class outside Boston, the son of a novelist-radio writer and a nurse. As a young money manager in New York City, he befriended Jay Moloney, a fast-rising Hollywood agent and Ovitz protege. (Moloney committed suicide last month, after years of battling drug addiction.) With Moloney's entree, Giacchetto--blond, boyish and exuding a vulnerable aura--charmed his way into the lives and bank accounts of Young Hollywood. His new pals were dazzled by his ability to straddle two worlds. As DiCaprio manager Rick Yorn once said...