Word: giancarlo
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When aspiring movie mogul Giancarlo Parretti visited the White House Oval Office two weeks ago, he boasted to President Bush that he would soon complete the cliff-hanging takeover of MGM/UA Communications and would make "the lion roar as it did in its heyday." This time he may not eat his words. After months of legal and financial maneuvers, Parretti's Pathe Communications is expected this week to wrap up the $1.3 billion acquisition of MGM/UA from financier Kirk Kerkorian...
Wesley Snipes also turns in a strong performance as the competitive and ambitious Shadow. His fine portrayal is certainly aided by the fact that his character is the most believable. Giancarlo Esposito, who plays the quintet's flashy pianist, deserves mention as well. Nothing ill can be said of the remainder of the cast, who do not disappoint...
...Laurentiis' ability to dazzle and deal is scarcely diminished. In February the 70-year-old legend rose from the tar pits of defeat and litigation to form another company, Dino De Laurentiis Communications, with the financial backing of his friend Giancarlo Parretti, the controversial Italian moneyman who also plans to buy MGM/UA for $1.2 billion. Dino's planned renaissance will begin with five films and a $67 million budget...
...complete the financing. Talks with several other bidders have since fizzled. Last week Los Angeles-based Pathe Communications said it will pay $1.2 billion for the venerable studio, whose 1,000-film library includes James Bond, the Pink Panther and West Side Story. "A great day for Europe!" said Giancarlo Parretti, the Italian investor who controls Pathe, of the agreement. But some film industry veterans were skeptical...
...Sony is only one of the foreign investors rushing to claim a stake in Hollywood. In the past year, Britain's Television South bought MTM Enterprises, Australia's Qintex Group reached an agreement to take over MGM/ UA, and Italian financier Giancarlo Parretti acquired control of Hollywood's struggling Cannon Group, an action-picture mill...