Word: begelman
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...Begelman was calmly going about his business last week. Every morning he arrived at his Burbank studio by 9 to view rushes of the previous day's filming, and he was keeping sharp watch on his latest hit, Close Encounters of the Third Kind...
Currently it is the nation's top-grossing film, having run up $62 million in receipts in six weeks. Wheeling as usual, Begelman set up a distribution deal for Robert Mitchum's new film, The Amsterdam Kill, and signed Robert Redford to star in Electric Horseman...
...precisely because Begelman had rescued Columbia from the brink of bankruptcy and turned it into a moneymaker that its directors last December decided to reinstate him. A vocal dissenter had been Alan Hirschfield, president of Columbia's parent, Columbia Pictures Industries; the two men seemed formally reconciled last week, and Hirschfield spent the week in Hollywood talking with Begelman about future plans. But the Columbia directors were scheduled to meet again this week, and there was speculation that they might reconsider their decision, particularly since Columbia stock has fallen to 15% from 20% in December, before the affair burst into...
...publicity is continuing. Last week New West and New York magazines ran a seven-page expose on Begelman, charging that his recent rip-offs were not a "mental aberration," as he claimed, but fitted a long-term pattern, dating back to his days as Judy Garland's agent in the early 1960s. Drawing mainly on files and canceled checks supplied by Garland's former husband Sid Luft, the article asserted that Begelman and a partner, Freddie Fields, had fleeced the singer of large amounts. Meanwhile the Los Angeles County district attorney was investigating the latest Begelman case but was finding...
...Begelman affair, however, has prompted many stars and agents to make their own verbal indictments of practices in the $3.2 billion-a-year film industry. Said Hollywood Lawyer Ronald Litz: "The custom in Hollywood is that you get away with as much as you can until you're caught." Litz won a $225,000 settlement from Columbia for Robert Redford and Director Sydney Pollack, who contended they had been denied their fair share of the profit from The Way We Were...