Word: warners
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Dates: during 1990-1999
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...Walt Disney Studios, left in 1994 after a falling-out with corporate chairman Michael Eisner. Michael Schulhof, head of Sony Corp.'s U.S. operations, was ousted last month after clashing with his Japanese bosses. Michael Fuchs, the longtime head of HBO and (for six months) chairman of the Warner Music Group, was fired in November by Time Warner chairman Gerald Levin...
...deal's ancillary elements can make it tricky to assess. Warner Bros. signed Madonna to a $60 million deal and even gave the Material Girl her very own record label. Madonna's last few records have sold only about 3 million copies apiece, substandard for her, but the deal's overall returns look better because her private label has fared well (its latest success: imported Canadian diva Alanis Morissette, whose Grammy-nominated CD Jagged Little Pill has hit No. 1). The Rolling Stones' two albums since their 1992 $35 million contract with Virgin have had mild sales, but the fact...
There's one other thing to keep in mind as record-company suits moan about the rising costs of keeping talent happy--those groaning record-industry executives are pulling in huge salaries too. Robert Morgado, former chairman of Warner Music Group, made $7 million to $8 million annually, and when he was fired last May he was given a platinum parachute that by some estimates was worth $60 million. A fair number of other record executives--who still have their jobs--are earning $10 million a year and more. Says music-industry analyst Robert Broadwater: "This is the entertainment business...
...lists more than 700 working Java applets--each only a mouse click away--that generate everything from small dancing cartoon figures and steaming cups of coffee to knock-offs of such games as Pac-Man and Missile Command. Several leading venues on the Internet, including c|net and Time Warner's Pathfinder, now use Java applets with links to the wire services to display live news tickers running across the screen...
Despite the fact that he signed a seven-figure deal once (for a Warner Bros. movie on his life), Lech Walesa is going back to the shipyard. The former Polish President has moved to Gdansk, and intends to return to his old place of employment. If he's really lucky, he may earn almost as much as his state-supplied bodyguard...