Word: webbers
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...MOST HAPPY FELLA. Frank Loesser's Napa Valley fable, done along operatic lines well before Andrew Lloyd Webber came along, has been a cult icon since its 1956 Broadway production. New York City Opera has a new staging. It stars Louis Quilico as the middle-aged lover of a pert mail-order bride...
Really Useful Holdings has certainly proved useful to tunesmith Andrew Lloyd Webber. Last week he sold a 30% interest in his company to European record giant PolyGram for more than $130 million. The London-based creator of Cats, The Phantom of the Opera, Starlight Express and other theatrical sensations has been criticized for shallowness, but no one questions Lloyd Webber's status as a cash machine. For PolyGram, the investment in Really Useful is the latest step in an aggressive and costly drive to buy up independent entertainment companies, following the acquisition of A&M and Island Records. While...
...company because its debt would be slashed by up to $3.5 billion. Even some analysts skeptical of the short-term payoff for investors acknowledged that the plan, if it goes ahead, would strengthen the company. "Overall, in the long term, this is positive," said Christopher Dixon of Paine Webber. "Time Warner is taking an active role in reducing its debt. Once the dust settles and emotions fall by the wayside, longer-term rational investors will recognize that Time Warner is positioned to generate high returns...
...that lavished loans on everyone from Latin American dictators to Donald Trump. At the same time, they helped finance the 1980s real estate boom that has filled U.S. cities with vacant office towers and dotted suburbia with empty condominiums. "Citicorp was hurt the most," says Thomas Brown, a Paine Webber banking analyst. "Then come Chemical, Chase and Bank of New York...
...Fair in Love and Show Biz Andrew Lloyd Webber brought Aspects of Love to Broadway in more ways than one. Critics found the hit musical's score overwrought and the plot unlikely. In real life, the composer highlighted one of love's least admirable aspects when he announced a separation from wife Sarah Brightman and helpfully included the name of his mistress in the press release...