Word: warner
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...years ago, Interscope was a small record company that became a huge political problem for its then owner, Time Warner (parent company of TIME's publisher), by releasing gangsta-rap albums such as Tupac Shakur's 2pacalypse Now. Capitulating to critics, Time Warner severed its joint agreement with Interscope and sold its 50% stake back to Iovine and Field for $100 million. Four months later, the two resold that stake to hit-starved Universal for $200 million. This is not an industry big on morality plays...
...warns, "He doesn't have time to put events into perspective." Gavras makes an excellent point. Mad City could also have profited from a little perspective. Its creators failed to notice that they themselves had crossed a line--the one that separates shrewd commentary from polemic."Photos courtesy of Warner Bros,TWO RING CIRCUS: DUSTIN HOFFMAN (left), shines as a hard-boiled reporter who exploits the story of a simple-minded janitor's (JOHN TRAVOLTA, below) revolt against society...
Wednesday night, President Clinton hosted a State Dinner for Jiang. The guest list included not only U.S. and Chinese government officials but also the heads of some of America's largest companies, such as AT&T, Boeing, IBM and Time Warner...
Where's Jane Fonda? I occasionally wonder as I consider taping over my Prime Time Workout cassette to record ER. She's been basking happily the past six years in the shadow of her mogul husband Ted Turner (vice chairman of Time Warner), watching the buffalo roam and writing a cookbook (perhaps the only one with a section on eating disorders). Now, however, she has left the deer stand (she hunts with Ted) and returned to the klieg lights. What lured her was a pressing need--to reduce teen pregnancy--and an enemy, conservative Republicans who attached strings...
DIED. MURRAY BURNETT, 86, unsung co-author of the play that became Casablanca; in New York City. Burnett sold Everybody Comes to Rick's to Warner Bros. for $20,000; though three screenwriters later won the Oscar for Casablanca, Burnett was ignored...