Word: semel
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...names adorning the full-page letter in the International Herald Tribune guaranteed attention: Dustin Hoffman, Goldie Hawn, Larry King, Gore Vidal. Others, like Michael Marcus, Terry Semel, Sherry Lansing, Casey Silver and John Calley, may be less familiar, but in Hollywood they are just as famous and considerably more powerful as top executives at five of the major studios--MGM, Warner, Paramount, Universal and Sony Pictures Entertainment...
Warner Bros. co-chairmen Robert Daly and Terry Semel were seen in the industry as Canton's sharpest critics. But this month they agreed to pay Arnold Schwarzenegger $25 million to appear as Mr. Freeze, the villain in the next Batman installment. Some executives are complaining that Warner is compounding the cost problem. Daly says the deal makes sense because Schwarzenegger's presence will boost the film's grosses, particularly overseas. Arnold is also taking "a lot less" of the film's gross profits than usual--he generally gets up to 20%--as well as a reduced share in profits...
After just six months on the job, Warner Music Group chief Michael Fuchs was ousted by Time Warner chairman Gerald Levin. Warner Bros. co-chairmen Robert Daly and Terry Semel will take control of the record company. And on the publishing side, both TIME and SPORTS ILLUSTRATED got new managing editors: Walter Isaacson for TIME and Bill Colson for SI. TIME managing editor Jim Gaines will become corporate editor...
...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...
...tougher than me?" And the answer is, the bosses of the major film studios. Compared with them, Stallone and his fellow summer-movie heroes--those mean-eyed, pumped-up, epigram-expectoratin' cinema studs--are prissy little honor-roll students. The real tough guys are fellows named Semel and Pollock and Roth; their battlefield is the summer calendar; they show their guts by slotting their big pictures to open in just the right week in hopes of killing the competition. This is the art of war, New Hollywood-style...