Word: paramount
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Dates: during 1990-1999
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Disney isn't alone. Rival moguls at Warner and Paramount Pictures have begun preaching their own cost-containment messages. The reasons are as simple as a friendly ghost, an ingenuous hooker and an eight-year-old hero. The three top- grossing films of 1990 -- Ghost, Pretty Woman and Home Alone -- cost a relative pittance to produce and were driven by syrupy, uplifting stories rather than star power. These films succeeded beyond all hopes in a year when studios shelled out $30 million to $60 million to make films with big-name stars and fancy productions. Many of these budget busters...
...Paramount ranked second to Disney in box-office share but was the first to take the budget-pruning pledge after suffering several embarrassing stiffs. Godfather III, which cost at least $55 million, started strong but sagged after several weeks. All told, Paramount has had to lower the estimated asset values of five of the 15 films it released in 1990. Since the summer, Paramount has trimmed its staff, shaken up the studio's production staff and halved the number of films in development (to 125). For this year, Paramount still plans big-budget films with stars, but the company intends...
...delay war or, if it begins, agree to a quick cease-fire and negotiations for a compromise settlement. In Saddam's view, forcing or luring the U.S. into negotiating would in itself be a victory of sorts; it would amount, he thinks, to Washington's recognition of his paramount role in the Middle East...
...American Music of Irving Berlin, Dwight Thomas at the Paramount Wurlitzer Organ (Newport Classic). Even on this unlikely instrument, Berlin's melodic invention -- from the infectious Puttin' on the Ritz to the tender Always -- is nonpareil. The sleeper of the year...
Disney too is probably off limits. Says Paul Marsh, who follows media firms for the Los Angeles investment firm Bateman Eichler, Hill Richards: "The Mickey Mouse trademark is a bit like the Statue of Liberty. I don't think it's for sale." Paramount, valued at about $5 billion, seems more interested in buying than in being bought...