Talent Agenting in the Age of Conglomerates
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Off the Record
About the Center for Public Integrity The CENTER FOR PUBLIC INTEGRITY, founded in 1989 by a group of concerned Americans, is a nonprofit, nonpartisan, tax-exempt educational organization created so that important national issues can be investigated and analyzed over a period of months without the normal time or space limitations. Since its inception, the Center has investigated and disseminated a wide array of information in more than sixty Center reports. The Center's books and studies are resources for journalists, academics, and the general public, with databases, backup files, government documents, and other information available as well. The Center is funded by foundations, individuals, revenue from the sale of publications and editorial consulting with news organizations. The Joyce Foundation and the Town Creek Foundation provided financial support for this project. The Center gratefully acknowledges the support provided by: Carnegie Corporation of New York The Florence & John Schumann Foundation The John D. & Catherine T. MacArthur Foundation The New York Community Trust This report, and the views expressed herein, do not necessarily reflect the views of the individual members of the Center for Public Integrity's Board of Directors or Advisory Board. THE CENTER FOR PUBLIC INTEGRITY 910 17th Street, N.W. Seventh Floor Washington, D.C. 20006 Telephone: (202) 466-1300 Facsimile: (202)466-1101 E-mail: [email protected] Copyright © 2000 The Center for Public Integrity All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information and retrieval system, without permission in writing from The Center for Public Integrity. -
American Broadcasting Company from Wikipedia, the Free Encyclopedia Jump To: Navigation, Search for the Australian TV Network, See Australian Broadcasting Corporation
Scholarship applications are invited for Wiki Conference India being held from 18- <="" 20 November, 2011 in Mumbai. Apply here. Last date for application is August 15, > 2011. American Broadcasting Company From Wikipedia, the free encyclopedia Jump to: navigation, search For the Australian TV network, see Australian Broadcasting Corporation. For the Philippine TV network, see Associated Broadcasting Company. For the former British ITV contractor, see Associated British Corporation. American Broadcasting Company (ABC) Radio Network Type Television Network "America's Branding Broadcasting Company" Country United States Availability National Slogan Start Here Owner Independent (divested from NBC, 1943–1953) United Paramount Theatres (1953– 1965) Independent (1965–1985) Capital Cities Communications (1985–1996) The Walt Disney Company (1997– present) Edward Noble Robert Iger Anne Sweeney Key people David Westin Paul Lee George Bodenheimer October 12, 1943 (Radio) Launch date April 19, 1948 (Television) Former NBC Blue names Network Picture 480i (16:9 SDTV) format 720p (HDTV) Official abc.go.com Website The American Broadcasting Company (ABC) is an American commercial broadcasting television network. Created in 1943 from the former NBC Blue radio network, ABC is owned by The Walt Disney Company and is part of Disney-ABC Television Group. Its first broadcast on television was in 1948. As one of the Big Three television networks, its programming has contributed to American popular culture. Corporate headquarters is in the Upper West Side of Manhattan in New York City,[1] while programming offices are in Burbank, California adjacent to the Walt Disney Studios and the corporate headquarters of The Walt Disney Company. The formal name of the operation is American Broadcasting Companies, Inc., and that name appears on copyright notices for its in-house network productions and on all official documents of the company, including paychecks and contracts. -
Journal of Law and Business
\\server05\productn\N\NYB\3-2\NYB201.txt unknown Seq: 1 3-JUL-07 12:45 NEW YORK UNIVERSITY JOURNAL OF LAW AND BUSINESS VOL. 3 Spring 2007 No. 2 COURT OF LAW AND COURT OF PUBLIC OPINION: SYMBIOTIC REGULATION OF THE CORPORATE MANAGEMENT DUTY OF CARE TAMAR FRANKEL* INTRODUCTION The story of the Disney Corporation, Michael Eisner, and Michael Ovitz. On August 9, 2005, the Delaware Chancery Court handed down a decision that exonerated the defendant directors of Disney Company and its top management from liability for their handling of the Ovitz Affair.1 The story is quite simple. Disney’s president died in an accident, and the corporation’s CEO, Michael Eisner, underwent a heart opera- tion. Disney needed a successor president and immediate help for its ailing CEO. Eisner, who had been courting his friend, the famous Michael Ovitz, for years, approached him again. As this was an opportune time for Ovitz as well, the deal was struck, and Ovitz moved to Disney as its president. The new president did not work out. He did not merge into the Disney culture, had difficulties in being close to the very commanding and demanding Eisner, and to two top executives, who were resentful of Ovitz, and who continued to report to Eisner. Af- ter about one year, Ovitz’s contract with Disney was termi- nated. The termination, after a year of unsatisfactory service, * Professor of Law, Michaels Faculty Scholar, Boston University School of Law. 1. In re Walt Disney Co. Derivative Litig., 907 A.2d 693 (Del. Ch. 2005), aff’d sub nom., Brehm v. -
For Disney's Eisner, Years of Corporate Sparring Catch Up
Article View Page 1 of 3 « Back to Article View Databases selected: Multiple databases... Fading Magic: For Disney's Eisner, Years Of Corporate Sparring Catch Up; Chief of Entertainment Giant Faces a Day of Reckoning; 'Too Little, Too Late'; In Talks on Giving Up a Title Bruce Orwall and Joann S. Lublin. Wall Street Journal. (Eastern edition). New York, N.Y.: Mar 1, 2004. pg. A.1 Author(s): Bruce Orwall and Joann S. Lublin Publication title: Wall Street Journal. (Eastern edition). New York, N.Y.: Mar 1, 2004. pg. A.1 Source Type: Newspaper ISSN/ISBN: 00999660 ProQuest document ID: 564435041 Text Word Count 1623 Article URL: http://gateway.proquest.com/openurl?ctx_ver=z39.88-2003&res_ id=xri:pqd&rft_val_fmt=ori:fmt:kev:mtx:journal&genre=article &rft_id=xri:pqd:did=000000564435041&svc_dat=xri:pqil:fmt=tex t&req_dat=xri:pqil:pq_clntid=9269 Abstract (Article Summary) Disney's board has so far stood behind Mr. [Michael Eisner]. People familiar with the board's thinking say members want time to evaluate the results of the vote to decipher whether it represents frustration with Disney's governance, its overall performance or personal animosity toward Mr. Eisner. Even if a large number of Disney shareholders oppose Mr. Eisner's board re-election this week, it isn't likely that the board will make a move on Mr. Eisner immediately, at least in part because it doesn't want to signal instability in the face of the Comcast bid. The immediate source of Mr. Eisner's troubles was his and the board's decision in November to enforce a mandatory retirement policy that would force out Director Roy E. -
Hollywood...Now What?
Welcome to Hollywood ...Now What? An inspiring collection of blogs by BRIAN MEDAVOY TESTIMONIALS: "If only more people were not afraid to show they are human and not have a need for yes men/women to constantly stroke you...those who walk alongside you into the storm, at every twist and turn of the tornado -come out fearless and a storm maker themselves..." "Honestly, just reading through your posts and reading the story of your rise and fall to going back up again reinvigorated my fire to keep going. This is a tough industry to navigate and for an ethnic minority like me it will probably continue to be tough. So for someone of your caliber taking the time to write blogs that help actors and creatives and going to speak at acting school(I watched the one where you spoke at Howard Fine)makes me feel that there are movers and shaker in the industry that are for the actors." "What drew me to writing this email is your website/blog. Not only is it rare for a manager like yourself to take the time to create content like you do, but the why behind it is the most inspiring. It's not to promote anything, it's not to attain something, it's not for financial gain. It's simply to connect & inspire. That alone tells me exactly the type of human being you are." "What I assumed would be a typical Q&A turned into a motivational, inspirational and humbling experience. I can't thank you enough not only for your supportive responses to our questions, but also for opening up your vulnerability and allowing the audience to experience your insecurities with you. -
A Case Study of Michael Eisner's Long Tenure at Disney Corporation Wi
Destructive Corporate Leadership and Board Loyalty Bias: A case study of Michael Eisner’s long tenure at Disney Corporation William Forbes (Loughborough Business School) Robert Watson (Instituto de Empresa Business School) Introduction In this paper we argue that the widely-held public corporation, characterised by “strong managers and weak owners” (Roe, 1994) is exposed to what Padilla, et al (2007) identify as “destructive leadership” risks which, due to board loyalty biases, current corporate governance codes appear to do little to mitigate. As Padilla et al argue for destructive leadership to take hold and to generate extreme negative outcomes there typically needs to be a “toxic triangle” consisting of “destructive leaders, susceptible followers and conducive environments”. All three of these elements are present in the widely-held corporation and hence it ought not to be too surprising therefore to regularly observe negative corporate outcomes such as value destroying takeovers, financial fraud and delusional business strategies initiated and driven by over-mighty and hubristic CEOs. We illustrate these issues via an examination of Michael Eisner´s long tenure as Disney Corporation´s CEO. The reason why we choose to focus on the Disney case rather than on one of the more obvious and highly publicised cases of destructive (and fraudulent) leadership, such as Enron or WorldCom, is because these latter instances of corporate governance failure are, thankfully, highly unusual - indeed quite rare. So Eisner is the acceptable, almost glorified, face of corporate waste and self-awareness, if not aggrandisement. In contrast, we believe that the Disney case, whilst not involving any explicitly fraudulent behaviour, does illustrate the potential for massive destruction of shareholder value stemming from behaviour that is far more common and widespread amongst corporate elites and board members. -
Journaljournalseptember 2003 | VOL
NEW YORK STATE BAR ASSOCIATION JournalJournalSEPTEMBER 2003 | VOL. 75 | NO. 7 Inside Pretrial Expert Disclosure Unconscionability Verifying Citations Trial Court Opinions Foreclosure Sales BOARD OF EDITORS ONTENTS Howard F. Angione C Editor-in-Chief Queens e-mail: [email protected] CLE Insights – Pretrial Expert Disclosure in Rose Mary Bailly State Court Cases Albany David Paul Horowitz 10 Willard H. DaSilva Garden City Does the Doctrine of Contractual Unconscionability Louis P. DiLorenzo Have a Role in Executive Compensation Cases? Syracuse Paul Bennett Marrow Philip H. Dixon 16 Albany ® ® Lesley Friedman Rosenthal A Tale of Legal Research – Shepard’s and KeyCite New York City Are Flawed (or Maybe It’s You) Judith S. Kaye Alan Wolf and Lynn Wishart 24 New York City John B. Nesbitt Electronic Discovery Can Unearth Treasure Trove of Lyons Eugene E. Peckham Information or Potential Land Mines Binghamton Lesley Friedman Rosenthal 32 Sanford J. Schlesinger New York City View From the Bench – The Role of Trial Court Richard N. Winfield Opinions in the Judicial Process New York City John B. Nesbitt Eugene C. Gerhart 39 Editor Emeritus Binghamton So Your Client Wants to Buy at a Foreclosure Sale: Daniel J. McMahon Pitfalls and Possibilities Managing Editor Bruce J. Bergman 43 Albany e-mail: [email protected] Philip C. Weis D EPARTMENTS Associate Editor Oceanside President’s Message _______________ 5 Index to Advertisers _______________ 55 EDITORIAL OFFICES Crossword Puzzle _________________ 8 Classified Notices _________________ 55 One Elk Street by J. David Eldridge New Members Welcomed __________ 57 Albany, NY 12207 Attorney Professionalism Forum ____ 50 2003-2004 Officers _________________ 63 (518) 463-3200 Point of View _____________________ 52 The Legal Writer __________________ 64 FAX (518) 463-8844 by Marvin Rachlin by Gerald Lebovits ADVERTISING REPRESENTATIVE Language Tips ____________________ 54 Network Publications by Gertrude Block Sheri Fuller Executive Plaza 1, Suite 900 11350 McCormick Rd. -
Sending Agents to the Principal's Office
SENDING AGENTS TO THE PRINCIPAL’S OFFICE: How Talent Agency Packaging and Producing Breach the Fiduciary Duties Agents Owe Their Artist-Clients Brian T. Smith Abstract Talent agents have always been indispensable to writers, actors, and other creative workers in the entertainment industry, providing independent representation to their artist-clients in dealings with sophisticated corporate employers. But following a historical shift in their revenues from commission- ing clients to lucrative television packaging fees, the power and profits of the biggest agencies grew exponentially. Revenues from packaging fees allowed these agencies to diversify into other businesses and attracted outside invest- ment by private equity firms leading to further vertical integration. Now, the largest agencies have turned their eye toward a new revenue stream: producing and owning content through agency-affiliate production companies. These innovations have come at the cost of the independent representa- tion agents are supposed to provide their clients. Packaging and producing by talent agencies and their affiliates breach the well-established fiduciary duties agents owe their clients under the law by aligning the agency’s own interests with the interests of its clients’ employers. Outside investment in the agencies only exacerbates these conflicts. These departures from traditional agenting undermine the avowed purpose of the California Talent Agencies Act: to pro- tect vulnerable artists from the conflicted practices of their agents. While these issues are at the heart of the ongoing industry dispute between the Writers Guild of America and the big agencies, their importance should concern all agency clients and their unions. The California Legislature should amend the outdated Talent Agencies Act to enumerate and reaffirm the fiduciary duties * J.D., UCLA School of Law, 2020; B.A., Tufts University, 2007. -
Managing the IPO Process
ACCS 2007 ANNUAL MEETING ENJOYING THE RIDE ON THE TRACK TO SUCCESS 807 - Managing the IPO Process Gary Hirsch General Counsel IntraLinks, Inc. August Moretti Chief Financial Officer Alexza Pharmecueticals Ken Siegel General Counsel Verigy Mark A. Stachiw Senior Vice President, General Counsel and Secretary MetroPCS Communications, Inc. This material is protected by copyright. Copyright © 2007 various authors and the Association of Corporate Counsel (ACC). Materials may not be reproduced without the consent of ACC. Reproduction permission requests should be directed to the Legal Resources Department at ACC: 202/293-4103, ext. 342; [email protected] ACC's 2007 ANNUAL MEETING Enjoying the Ride on the Track to Success Faculty Biographies ACC Annual Meeting 2007 - Session 807 : Managing the IPO Process Gary Hirsch Materials Gary Hirsch is the chief legal officer of IntraLinks in New York City, a leading software-as-a- 1. Program Outline service company. Throughout his career, Mr. Hirsch has advised corporations on acquisitions, financings, governance matters, and commercial transactions including PART 1 – Planning and Process Overview technology licensing 2. Going Public – Decisions and Process Overview (Heller Ehrman) 3. Responsibility Checklist 4. Org Meeting Binder including Timeline Prior to joining IntraLinks, Mr. Hirsch was general counsel of Currenex, Inc., an 5. Data Room (Due Diligence) Index institutional currency trading platform recently acquired by State Street Bank. Before that he served as assistant counsel in the corporate legal department of Marsh & McLennan PART 2 – Managing Communications: Quiet Period, Analysts and Investor Relations Companies. He began his career as an associate at Willkie Farr & Gallagher in New York. 6. -
The Walt Disney Company: the Entertainment King
For the exclusive use of Y. Zhang, 2016. 9-701-035 REV: JANUARY 5, 2009 MICHAEL G. RUKSTAD DAVID COLLIS The Walt Disney Company: The Entertainment King I only hope that we never lose sight of one thing—that it was all started by a mouse. — Walt Disney The Walt Disney Company’s rebirth under Michael Eisner was widely considered to be one of the great turnaround stories of the late twentieth century. When Eisner arrived in 1984, Disney was languishing and had narrowly avoided takeover and dismemberment. By the end of 2000, however, revenues had climbed from $1.65 billion to $25 billion, while net earnings had risen from $0.1 billion to $1.2 billion (see Exhibit 1). During those 15 years, Disney generated a 27% annual total return to shareholders.1 Analysts gave Eisner much of the credit for Disney’s resurrection. Described as “more hands on than Mother Teresa,” Eisner had a reputation for toughness.2 “If you aren’t tough,” he said, “you just don’t get quality. If you’re soft and fuzzy, like our characters, you become the skinny kid on the beach, and people in this business don't mind kicking sand in your face.”3 Disney’s later performance, however, had been well below Eisner’s 20% growth target. Return on equity which had averaged 20% through the first 10 years of the Eisner era began dropping after the ABC merger in 1996 and fell below 10% in 1999. Analysts attributed the decline to heavy investment in new enterprises (such as cruise ships and a new Anaheim theme park) and the third-place performance of the ABC television network. -
Columbia Pictures: Portrait of a Studio
University of Kentucky UKnowledge Film and Media Studies Arts and Humanities 1992 Columbia Pictures: Portrait of a Studio Bernard F. Dick Click here to let us know how access to this document benefits ou.y Thanks to the University of Kentucky Libraries and the University Press of Kentucky, this book is freely available to current faculty, students, and staff at the University of Kentucky. Find other University of Kentucky Books at uknowledge.uky.edu/upk. For more information, please contact UKnowledge at [email protected]. Recommended Citation Dick, Bernard F., "Columbia Pictures: Portrait of a Studio" (1992). Film and Media Studies. 8. https://uknowledge.uky.edu/upk_film_and_media_studies/8 COLUMBIA PICTURES This page intentionally left blank COLUMBIA PICTURES Portrait of a Studio BERNARD F. DICK Editor THE UNIVERSITY PRESS OF KENTUCKY Copyright © 1992 by The University Press of Kentucky Paperback edition 2010 Scholarly publisher for the Commonwealth, serving Bellarmine University, Berea College, Centre College of Kentucky, Eastern Kentucky University, The Filson Historical Society, Georgetown College, Kentucky Historical Society, Kentucky State University, Morehead State University, Murray State University, Northern Kentucky University, Transylvania University, University of Kentucky, University of Louisville, and Western Kentucky University. All rights reserved. Editorial and Sales Offices: The University Press of Kentucky 663 South Limestone Street, Lexington, Kentucky 40508-4008 www.kentuckypress.com Cataloging-in-Publication Data for the hardcover edition is available from the Library of Congress ISBN 978-0-8131-3019-4 (pbk: alk. paper) This book is printed on acid-free recycled paper meeting the requirements of the American National Standard for Permanence in Paper for Printed Library Materials. -
Techniques and Best Practices for Corporate Governance
12701_Green_3p_ffirs.a.qxd 6/14/05 1:36 PM Page iii Sarbanes-Oxley and the Board of Directors Techniques and Best Practices for Corporate Governance SCOTT GREEN John Wiley & Sons, Inc. 12701_Green_3p_ffirs.a.qxd 6/14/05 1:36 PM Page i Sarbanes-Oxley and the Board of Directors 12701_Green_3p_ffirs.a.qxd 6/14/05 1:36 PM Page ii 12701_Green_3p_ffirs.a.qxd 6/14/05 1:36 PM Page iii Sarbanes-Oxley and the Board of Directors Techniques and Best Practices for Corporate Governance SCOTT GREEN John Wiley & Sons, Inc. 12701_Green_3p_ffirs.a.qxd 6/14/05 1:36 PM Page iv This book is printed on acid-free paper. Copyright © 2005 by Scott Green. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmit- ted in any form or by any means, electronic, mechanical, photocopying, recording, scan- ning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600, or on the web at www.copyright.com. Requests to the Publisher for per- mission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011, fax 201-748-6008, or online at http://www.wiley.com/go/permissions.