Word: film
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Dates: during 1990-1990
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Williams has saturated the airwaves with 30-second TV spots, some featuring Williams on horseback, backlighted by the setting sun. The ads are lavishly shot on film rather than videotape, for higher quality. In one tough-talking commercial, he promises to "introduce ((drug pushers)) to the joys of bustin' rocks." Of the $8.4 million Williams has invested in the race, $6.2 million has come from his own very deep pocket...
...Kerkorian agreed to sell MGM/UA to Australia's Qintex, but the deal collapsed when the buyer could not 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...
Though Parretti took over the foundering Cannon Group last year (and renamed it Pathe Communications), he has run short of cash trying to buy several other film companies. To reassure Kerkorian's team, Parretti has agreed to place $200 million in an escrow account. If the deal falls through, MGM/UA keeps the cash and Parretti gets a 12% stake in the studio...
...that Bad Influence is an el cheapo exploitation film. It is more an el grande one. That is, it was in the works before either Lowe or Spader achieved his new level of notoriety, so its makers cannot be accused of cashing in on the former's troubles or the latter's triumph. It is, moreover, good looking in a chic, languid sort of way, and it is written with occasional wit and social awareness. Indeed, its literary credentials are, if anything, rather too impeccable: Spader's character, Michael, an analyst in an investment firm, is Faust at a computer...
Fitzgerald, who worked with Bette Davis on one film, said she remembers being told, "Watch out for Bette Davis. You'll get nowhere with Bette Davis on stage...She'll turn you so your back's to the camera...