Word: tv
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Dates: during 1960-1969
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Once the world's largest talent agency and more recently Hollywood's leading TV film producer, the Music Corp. of America has long been known in show-business circles as "The Octopus." The sobriquet still stands, even though the company (now called MCA Inc.) stopped handling talent in 1962 under threat of a Justice Department antitrust suit. Besides TV production, MCA has major interests in moviemaking (Universal Pictures), recording (Decca Records) and real estate (Universal City). Last week it agreed to link tentacles with Pittsburgh-based Westinghouse Electric Corp., itself no small fish when it comes to diversification...
...seat on the New York Stock Exchange he acquired in 1936, also finds time for antique collecting and philanthropy. The man who actually runs MCA is President Lew Wasserman, 55, who was elevated to that job by Stein in 1946. A onetime theater usher, Wasserman moved MCA into TV production when the new medium began threatening the movie industry in the early 1950s, six years ago acquired Decca Records and its controlling interest in Universal Pictures. Under Wasserman, MCA has grown into a $224 million-a-year company, with earnings last year...
...acquisition of MCA goes through, Westinghouse will be getting a studio that accounts for 151 hours a week of network TV's prime-time output (The Virginian, It Takes a Thief and Ironside) and has turned out some of Hollywood's most profitable full-length features (Thoroughly Modern Millie, The Secret War of Harry Frigg). The biggest plums are the potential TV receipts from MCA's library of 1,954 feature films, including 700 Paramount features that Wasserman shrewdly bought up ten years ago, and the company's real estate properties, notably its $1 billion Universal...
Doris Day fans, if there are any left, would be better off waiting for her new situation-comedy series on TV this fall. At worst, it will be only half a man-hour wasted...
MIAMI BEACH. Aug. 7--"Conventions are always dull," one veteran newspaper reporter said to me Tuesday night as we watched part of a session on TV. "But this is the dullest...