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Looks like MADONNA'S stuck between rock music and a hard place. Warner Music (recently sold by TIME's parent Time Warner), her long-time record label, has sued her over Maverick Records, the boutique label they co-own. The partnership expires this year, and one side is supposed to buy out the other. Warner claims that Maverick--whose biggest success was Alanis Morissette's Jagged Little Pill in 1995--has lost more than $60 million since 1999 and demands Madonna repay $92.5 million before she buys the label. Madonna's side says Warner miscalculated Maverick's earnings and hasn...
...enough to employ Petersen on a regular basis are movie executives, who are trapped in an increasingly illogical if undeniably daring way of doing business. The latest proof is Petersen's loose adaptation of Homer's The Iliad, starring Pitt, Eric Bana and Orlando Bloom. With a budget that Warner Bros. (which, like TIME, is part of Time Warner) puts at $175 million--but that several sources say has crept closer to a quarter of a billion dollars--Troy is one of the biggest, craziest movie gambits since Titanic. It's not just that the film required some...
...competition. Troy opens in roughly 3,500 locations on May 14, the week after Van Helsing and a week before Shrek 2. If it doesn't open huge or if it dies soon after it opens, it could do untold harm to the careers of Petersen, Pitt and numerous Warner Bros. executives. "On something this big, it'll come down on me and everyone else they're selling it on," says Pitt. "There are people keeping close score, believe me. I just hope they also pay attention to the story...
...Warner Bros. made perky musicals designed to snap Americans out of their depression. In Canada, as filmmaker Guy Maddin imagines it, a rich woman dreamed of exploiting, not exorcising, the world's misery. Lady Port-Huntly (Isabella Rossellini), a scheming beer baroness whose two glass legs are filled with her own brew, concocts a song contest with a $25,000 prize for the saddest music in the world. In return, milady will have the ideal promo for the end of Prohibition in the U.S. As she promises, "If you're sad and like beer, I'm your lady...
...Warner Bros...