Evidence receipt / evaluation
Published · transcript-backedMichael Ovitz: evaluation
21 Dec 2021 Acquired CAA (with Michael Ovitz)
“First, he bought the pre-1948 Paramount library for Universal, and he made a decision, basically, that it was better economics on the other side of the deal.”
Source trail
Everything needed to verify it.
- Speaker
- Michael Ovitz
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 21 Dec 2021
- Publisher
- Acquired
- Episode
- CAA (with Michael Ovitz)
Transcript context
…Who was Lew? Because from the outsider's perspective, here's how I sort of see things. Lew was an agent who's like Anakin Skywalker, right? He was like fighting for the artists to get way more of the upside, but then he went to the dark side, and he stopped being an agent. MCA, his agency, bought Universal, and all of a sudden he's on the other side of the table as a studio boss now, from your perspective, trying to stiff the artists. How did this happen? He made a decision. First, he bought the pre-1948 Paramount library for Universal, and he made a decision, basically, that it was better economics on the other side of the deal. Why take 10% when you can have 90%? First, he bought reviewed television, then he bought Universal. For a period, by the way, Lew was still an agent while he owned review television. Oh my goodness.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.