Word: film
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Dates: during 1980-1989
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...well-financed foreign investors want a piece of America's profits. They are acquiring U.S. studios, bankrolling American film producers and investing in TV-production companies. "The expertise is here, and foreign companies want to buy into it," says Sharon Armbrust, who follows the industry for Paul Kagan Associates, a consulting firm. For the Old Guard back at the Polo Lounge, the new competition is likely to make business a lot more rough-and- tumble...
Besides any direct earnings from the films, JVC hopes to get new programming that it can sell on videocassettes. Company officials also want to learn more about the movie business, possibly as a prelude to buying a major film studio. Says Gordon: "They have no experience in the business and regard this as their tuition...
...wave of foreign money comes at a time when U.S. investors have soured on film deals because of several flops among movie start-up ventures. Among them: the studio launched by producer Dino De Laurentiis, which filed for bankruptcy in 1988 after losing almost $200 million in two years, and a similar venture launched by veteran music promoter Jerry Weintraub, which lost $40 million last year after a string of duds that included My Stepmother Is an Alien...
...Will the film business be ruled only by foreign moguls and domestic megastudios? Not if Robert De Niro can help it. The reclusive, renegade actor is betting his money and his reputation that he can deliver a convincing performance as a real-life film producer. De Niro's previous experience as a boss has been confined to playing characters ranging from Don Corleone in The Godfather, Part II to a film mogul in The Last Tycoon. But this year the 46- year-old Manhattan native became president of his own movie company, New York City's TriBeCa Productions, which already...
...format confining. Personally, he was a middle-class white kid with an anarchic urge to play the cool black jazzman -- so he partied and bullied and ODed just like his heroes. Early death was only the last piece of the legend this blues brother created for himself. In the film's one good laugh, a physician elicits Belushi's pharmaceutical history and then asks, deadpan, "Next of kin?" Belushi was delivered to his humongous family of fans, who mourned a talent that went up in free-basing flames. But where do you send a killer-B movie like Wired, with...