Word: parretti
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...Laurentiis' ability to dazzle and deal is scarcely diminished. In February the 70-year-old legend rose from the tar pits of defeat and litigation to form another company, Dino De Laurentiis Communications, with the financial backing of his friend Giancarlo Parretti, the controversial Italian moneyman who also plans to buy MGM/UA for $1.2 billion. Dino's planned renaissance will begin with five films and a $67 million budget...
...financing. Talks with several other bidders have since fizzled. Last week Los Angeles-based Pathe Communications said it will pay $1.2 billion for the venerable studio, whose 1,000-film library includes James Bond, the Pink Panther and West Side Story. "A great day for Europe!" said Giancarlo Parretti, the Italian investor who controls Pathe, of the agreement. But some film industry veterans were skeptical...
...Though Parretti took over the foundering Cannon Group last year (and renamed it Pathe Communications), he has run short of cash trying to buy several other film companies. To reassure Kerkorian's team, Parretti has agreed to place $200 million in an escrow account. If the deal falls through, MGM/UA keeps the cash and Parretti gets a 12% stake in the studio...