Word: paramount
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...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...
...first sent a group of top executives to meet with Ovitz in Hawaii, where they talked about everything from world politics to prospective merger partners. A team of CAA experts then prepared a list three possible targets. The Japanese company rejected one studio, Orion, as too small. Another candidate, Paramount, was dismissed because some of its holdings, ranging from publishing (Simon & Schuster) to sports (the New York Knicks), didn't fit into Matsushita's strategy. Ovitz recommended MCA, which had the mix of show-biz operations that Matsushita wanted...
...fourth of Hollywood's seven major studios to be acquired by foreign companies: 20th Century Fox is owned by Rupert Murdoch's Australia-based News Corp., and MGM/UA was taken over earlier last month by Italian financier Giancarlo Parretti. That leaves only three major studios in American hands: Disney, Paramount and Warner Bros...
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...
...reason why we may not be able to afford to wait is Iraq's development of nuclear weapons. Some estimates claim that Iraq may have nuclear weapons within several months. Although there is almost no way of confirming these estimates, there is the possiblity that Iraq may pose a paramount security threat if we wait too long...