?

Log in

No account? Create an account

July 9th, 2006 - Open Knowledge

Jul. 9th, 2006

02:38 am - Chew. Spit. Repeat.

http://www.latimes.com/business/custom/cotown/la-tm-spanked09feb29,0,5094958,full.story?coll=la-headlines-business-enter
From the Los Angeles Times
COVER STORY

Chew. Spit. Repeat.
The Movie Industry Consumes Carpetbagging Investors Like Prime-Cut Steak. What's the Appeal of Being Eaten Alive?
By Patrick J. Kiger
For the Times

February 29, 2004

Looking back, the truest sign that then-Vivendi Universal honcho Jean-Marie Messier was toast may have come when he showed up for a public forum at the Beverly Hilton two years ago with Viacom Chief Executive Sumner Redstone and other entertainment industry power players, and he wasn't wearing a necktie. The accepted sartorial style for Eurobusiness potentates is, after all, buttoned-up, highly starched, primary colors formality with all the accoutrements — forget the pocket square and you might as well be naked. On that occasion, Messier had on a shrimp-colored open-necked shirt under his charcoal gray suit. But that affront to taste was just one sign that yet another outsider had gone Hollywood. He had gotten slimmer too, and radiated a healthy tan even in photos.

Little did he know that he was headed for that nearly inevitable fate, the one that has befallen scores of interlopers who've dared to become moguls in that alluring but inscrutable culture known as the motion picture industry: Messier was about to be spanked by Hollywood.

Read more...Collapse )

Tags: ,
Previous day (Calendar) Next day