Word: seagrams
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...SEAGRAM...
...analysts are issuing dire warnings: "Orlando is now a zero-sum game," says Curt Alexander, an analyst with Media Group Research. "There will be bloodletting of biblical proportions." The theme-park glut promises bargains for consumers but a brutal shakeout that could pound the earnings of park owners Disney, Seagram (Universal) and Anheuser-Busch (Busch Gardens, Sea World...
Determined to loosen Disney's choke hold on area tourism, Seagram's Universal division bought an additional 1,900 acres in the area late last year. That's enough for two more parks. Anheuser-Busch's Sea World, the third big player in central Florida, is adding a splashy new park in which visitors will be able to swim with the residents. That interactive attraction is scheduled to open next year...
...SEAGRAM BUILDING, 1958 Architect: Ludwig Mies van der Rohe His best office tower includes a plaza, then a rarity in New York City. Its bronze-and-dark-glass skin gives it a classically refined stature...
Then, last October, Bronfman announced that he was essentially selling Universal's television and cable operations to his friend and mentor, Barry Diller. Since those were supposed to be Biondi's strengths, the move was widely regarded as emasculating Biondi. Bronfman has pointed out that Seagram's 45% stake in Diller's firm has soared more than $1 billion in value. Biondi soldiers on, noting that Universal's profits are on a par with the industry. He adds, "And we expect continued strong growth in profitability--on the order of 20% a year--for the next two years...