Word: bros
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...billion debt--a legacy of Time Inc.'s purchase of Warner Communications five years ago--and in the past year has seen stability of the huge Warner Music division sundered by the departure of six top executives. At year's end he may face another loss, if Warner Bros. movie co-chairman Terry Semel defects...
...hire capped the busiest period in Hollywood's game of musical moguls since 1984, when Barry Diller moved from Paramount to 20th Century Fox, Eisner and Jeffrey Katzenberg from Paramount to Disney, and Frank Wells from Warner Bros. to Disney. Those shifts cued the creation of Fox as a fourth TV network and Disney's growth into a multimedia behemoth . Now, in less than a year, Katzenberg leaves Disney and starts DreamWorks with Steven Spielberg and David Geffen; Ovitz's partner Ron Meyer takes the vacant post at MCA; and Ovitz, the top dealmaker, joins Eisner, the most powerful showman...
...which is solidly behind rapprochement, will not get much from it beyond what Clinton's lifting of the trade embargo achieved last year. The real fruits would come from giving Vietnam most-favored-nation trading status. Still, the Vietnamese seem eager to plow ahead. Said Deac Jones of Connell Bros. Co., a distributor of U.S. consumer goods in Vietnam: "The majority of people here are very pro-American. If you have the exact same brand product, a shampoo made in the U.S. and the Philippines, they will pay more...
...year-old trader at the center of the collapse of Britain's oldest investment bank, is begging to be tried in London rather than be "thrown to the wolves" at a "show trial" in Singapore, where he allegedly made hundreds of millions in bad trades that bankrupted Baring Bros. Unfortunately for him, the Serious Fraud Office in London said it had no evidence that would justify Leeson's extradition to the United Kingdom. Leeson's wife read his plea, written in the German jail where he now awaits a decision, at a news conference today. Singapore, which is noted...
...againstthe firm's distribution of rap and alternative music with violent lyrics. Michael Fuchs, recently named as chairman of Warner's worldwide music division, dismissed Morris and took over the domestic role himself. Morris' departure follows that of Fuchs' predecessor, Robert Morgado. The U.S. music division includes the Warner Bros. Records, Atlantic and Elektra labels...