Word: warner
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Three-year-old UPN and the WB (co-owned by TIME's parent company, Time Warner) have avoided some of the network pitfalls but are yet to break into the black. They benefit from lower overhead costs and do not pay traditional compensation to stations. Moreover, they are striving to establish distinctive profiles in the crowded marketplace. UPN sees itself as a smarter throwback to the mass-audience network approach of the 1960s and '70s (among its newest shows: an updated version of The Love Boat), while the WB, the more successful of the two, has targeted teenage viewers with...
...hero doesn't win the big race. Instead, he dies young and absurdly in an auto accident, leaving his highest promise unfulfilled. No wonder Warner Bros. has been dithering over the release of Without Limits for something like a year and a half. In that story line it's kind of hard to find the thing all sports movies implicitly promise--a triumph of the human spirit...
...managers, unlike agents, can act as producers, so the new Ovitz enterprise could have a broader scope than CAA. Those who doubt Ovitz has the patience to deal with finicky stars should note that he recently stepped in to help Barry Levinson cut a deal with Warner. And Ovitz?s old friends at CAA are painfully aware that he has taken ample office space on Wilshire Boulevard in Beverly Hills, not far from the I.M. Pei?designed fortress that Ovitz constructed when he was master of the CAA universe...
...also failed to mention the jury's findings that Warner acted fraudulently and with malice when it prevented Mr. Coppola from making Pinocchio. The jury's award of $60 million in punitive damages (on top of the $20 million in compensatory damages it awarded earlier) was designed to punish Warner for that malicious wrongdoing. It was the largest civil award ever against a major film studio. BRIAN EDWARDS Greenberg Glusker Fields Claman & Machtinger Los Angeles...
...Lewinsky may spill most of her beans in public. On the high side, publisher JUDITH REGAN estimates that Monica's story is worth "maybe as much as a million," while ROBERT GOTTLIEB of the William Morris Agency puts the number in the low six figures. LARRY KIRSHBAUM of Time Warner Trade Publishing is closefisted, saying, "I think we're all bimboed out." The supermarket tabloids are similarly split. The Star's PHIL BUNTON has a standing offer of $1 million to hear Lewinsky's story, while the Globe's TONY FROST has "scant interest." Meanwhile, right-wing publisher Regnery next...