Hollywood

Grading Anschutz as mogul

| 1 Comment

In today's LAT Business section, Claudia Eller checks the progress of Phil Anschutz' crusade to remake Hollywood. Around the World in 80 Days bombed in June, apparently to the boss's surprise:

According to associates, Anschutz was deeply disappointed by the film's poor showing. They said he was convinced that families would flock to the good-natured entertainment...

Now, Hollywood executives are looking ahead, somewhat skeptically, to Anschutz's next test Sahara.

His operation is also behind Ray, the upcoming film about Ray Charles. The Anschutz companies have participated in a dozen feature films now, with mixed results, but his Regal Entertainment Group is making a profit. The bottom line:

"Phil Anschutz is an extraordinary businessman and financier, but we've yet to see him demonstrate that he has a full understanding of the complexities and risks of the motion picture industry," said Christopher Dixon, a managing partner at investment firm Gabelli Group Capital Partners.

Previously on L.A. Observed: Anschutz ready to build, Phil Anschutz script doctor, Anschutz makes media move


More by Kevin Roderick:
Standing up to Harvey Weinstein
The Media
LA Times gets a top editor with nothing but questions
LA Observed Notes: Harvey Weinstein stripped bare
LA Observed Notes: Photos of the homeless, photos that found homes
Recent Hollywood stories on LA Observed:
Standing up to Harvey Weinstein
The Media
LA Observed Notes: Harvey Weinstein stripped bare
Volleying with Rosie Casals
LACMA costumes curator on Queen Victoria as fashion icon
Costume designer Mary Zophres moves on from 'La La Land'
Robert Osborne, 84, host on Turner Classic Movies
Oscars end on a surprise plot twist*


 

LA Observed on Twitter