Word: paramount
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That spine tingler of a script is, with a certain amount of cinematic license, akin to sweet reality at the 55-acre Hollywood studios of venerable Paramount Pictures, a subsidiary of Gulf & Western. A year ago, the company that distributed one of the first Hollywood feature-length movies (The Squaw Man, 1914) was close to the ropes, its revenues sagging and its film larder practically bare. Today, in the words of Gordon Crawford, senior vice president of Capital Guardian Research, a Los Angeles investment-management firm, "they're having the greatest year of any company in the recent history...
Indeed they are. As Paramount prepares to celebrate its 75th anniversary in 1987, the studio's The Golden Child, starring Comedian Eddie Murphy, is the hot Christmas movie, raking in $11.6 million in its first weekend at 1,667 theaters -- despite mixed reviews. Paramount's astonishing Australian import, "Crocodile" Dundee, has just finished its twelfth week as a top grosser, having earned more than $103 million at 1,495 theaters. Headed in the same direction is Star Trek IV: The Voyage Home, which has earned $47.5 million in three weeks. Well ahead of them all is Paramount...
...disorderly debut of the home-video version of Spielberg's Indiana Jones and the Temple of Doom. Disgruntled shopkeepers claimed that some stores belonging to such giant chains as K mart, Wal-Mart and Waldenbooks had taken an unfair lead on competitors by putting the popularly priced ($29.95) Paramount blockbuster on sale as much as a week before its official release date. The chain stores denied purposely jumping the start, but irate competitors consider the episode just another example of the cutthroat tactics that are sweeping the home-video business (estimated 1986 sales: $7.2 billion...
...speech received close attention in Washington. Since World War II the U.S. has been the Pacific's paramount power, and since 1980 the Pacific Rim has superseded Western Europe as America's most important overseas trading partner. The Vladivostok speech showed that the Soviets intend to claim a share of Asia's economic success. Some analysts also heard an implied threat to U.S. military supremacy in the region. Says Rick Fisher of the Heritage Foundation, a conservative think tank in Washington: "The Soviet goal in Asia is power...
...England writers will read selections...that expose the horrors of war, affirm the value of life, and address the paramount issue of peace in a nuclear age," said Mazur...