Word: sweetener
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...concert, neither they nor their management teams foresaw the extraordinary revenues that the event would generate. The singers accepted a flat fee from Decca, with no royalties. Economically, it was a disastrous decision. Music-industry sources have it that Pavarotti, who records exclusively for Decca, used his clout to sweeten his deal once it was clear that the album was going through the roof. When word leaked to the others, Domingo, who free-lances primarily with Sony and BMG, was said to be especially peeved...
...matter whether Diller or Redstone prevails, Davis, 66, will soon leave the company he has run successfully since 1983. There would be no place for Davis under Diller. And two weeks ago, Viacom announced an $8.4 billion merger with home-video retailer Blockbuster Entertainment. That deal enabled Viacom to sweeten the cash portion of its bid for Paramount but left little in the way of a role for Davis. With the bidding war now in its final phase -- a winner is expected to emerge in early February -- Davis met last week with TIME Boston bureau chief Sam Allis and business...
...sight. While he stopped short of declaring outright victory for the home- shopping channel, "Diller will not lose any sleep over this new bid," says analyst Logsdon. If Diller does not alter his own bid (most observers believe he will not) and Viacom fails to sweeten its package by early next week, then it remains for Paramount's shareholders to vote with their shares of stock. Though QVC and its advisers radiated confidence at the end of last week, they were not above taking out a little insurance, hinting that they may challenge Viacom's move in court...
...subsidy accord is crucial to the rescue operation, for private companies will not cut back unless their state-owned competitors are brought to heel. Europe's private steelmakers have warily agreed -- in principle only -- to a $1.1 billion shutdown scheme that the E.C. and member states plan to sweeten with $3.1 billion more for unemployment benefits and retraining. After last week's fiasco, officials pleaded for more flexibility from Rome. But either way, the lesson is clear: the longer the delay, the more painful the cure...
...game was the Crimson's last of 1992, and the victory helps slightly sweeten the sour taste of this season, boosting the Crimson to 4-10-2 overall...