Fade Out Calamitous Final Days of Mgm

 
9780671710606: Fade Out Calamitous Final Days of Mgm

A behind-the-scenes account of the decline and fall of a once great studio, tracing MGMs corporate convulsions from 20 years ago, when Kirk Kerkorian bought control to the present, the financial disasters of "Yentl", "Mrs Soffel" and "2010" and the final "take over" by Pathe. In 1983 MGM\UA was in the midst of a comeback. Under the new management of Frank Yablans the company had secured assurances of financial backing from CEO-financier Kirk Kerkorian and a series of dazzling new movies was in development. Top stars like Jack Nicholson, Barbara Streisand and Mel Gibson were on the programme, a sequel to the cult classic "2001" was planned and "Wargames" was in release. What nobody anticipated was that Kerkorian, ever the smart Las Vegas game-player, had evolved his own scheme to harness Hollywood's myth making machinery to his own personal ends. The end result was that Kerkorian emerged a billionaire and his companies emerged a shambles. The films anticipated to be immense successes - "Yentl", "Mrs Soffel" and "2010" - turned out to be financial disasters of immense proportions. The Nicholson movie never even got made and the success of "Wargames" couldn't compensate for the extent of the disaster.

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From Library Journal:

Bart, currently editor of Variety, was a senior vice-president at MGM/UA from 1983 until 1985. This experience forms the basis for an examination of financier Kirk Kerkorian's 20-year ownership of MGM. (The book's subtitle is a bit premature, as MGM is not dead: Kerkorian is still trying to sell the eviscerated company.) Most of the book focuses on the period when Bart was at the company and Frank Yablans was president. During this time the studio produced Yentl, Mrs. Soffel, and 2010 , among other films. As is usual in books of this sort, the author admits to few if any mistakes, but the book appears fair, and it is well written. A good choice for larger libraries and special collections.
- John Smothers, Monmouth Cty. Lib., Manalapan, N.J.
Copyright 1990 Reed Business Information, Inc.

From Publishers Weekly:

Poor top-management appointments by MGM owner Kirk Kerkorian dealt the fatal blow to the declining, once magnificent studio. "Readers may find this highly detailed expose difficult to digest" because of its "disjointed and unchronological" format, said PW . Still, Variety editor Bart remains "one of the most qualified insiders to aim a pen at major league moviemakers." Photos.
Copyright 1991 Reed Business Information, Inc.

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