Word: spielbergism
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Show Business: Hurrah for Mogulwood as Steven Spielberg...
...reasonable to assume that Wasserman and Sheinberg wouldn't care to lose their franchise player to unrestricted free agency; they surely hope his new company will decide it's not worth setting up an elaborate distribution apparatus and will instead release its films through Universal. (Spielberg and Katzenberg say they would prefer that; Geffen says Warner Bros. would be a second choice.) But when Matsushita's bosses meet with Wasserman and Sheinberg this week, they may take the long Japanese view and decide they don't want to unload MCA -- least of all to Geffen and Spielberg...
...Spielberg, ever loyal to Sheinberg, says that "as long as Sid is at MCA, our entire enterprise will be in some fashion aligned with MCA." Katzenberg is more circumspect: "We didn't get into this to be an equity owner-player- manager of MCA and its assets. I don't want to say there's no set of circumstances under which that can't happen. But it's not our purpose, and I don't like reading it that...
...animation unit takes three or four years to fine-tune a feature. Soon the Big Three will be obliged to step out of the p.r. spotlight and into the crucible of creation. But for them, and maybe even for consumers, the future rolls out like a red carpet. Spielberg, after all, redefined the role of movie director; Katzenberg helped redefine the animated film; and Geffen, in many media, kept redefining himself. If these guys don't make entertainment more entertaining, they'll have a lot to answer...
...business sent tremors rolling through the movie industry when they announced they were pooling their creative and financial resources in order to form their own studio. The trio: Jeffrey Katzenberg, the recently spurned Walt Disney Co. executive who is widely credited with revitalizing that studio's animation division; Steven Spielberg, history's most successful director; and David Geffen, the record-industry mogul. The new firm was rumored to be interested in helping a management-led buyout of an existing competitor -- most likely MCA's Universal -- in order to get a quick start...