Intrepid Entertainment

Sports owner and onetime cellular phone tycoon John McCaw Jr. became the latest multimillionaire to buy a toehold in Hollywood, forming a company to make films with Grammy-winning music producers Glen Ballard and David Foster. The first project of Intrepid Entertainment is the independent film "Clubland," based on a script Ballard wrote about musicians, the company said Thursday, adding that the movie is fully financed.

Sports owner and onetime cellular phone tycoon John McCaw Jr. became the latest multimillionaire to buy a toehold in Hollywood, forming a company to make films with Grammy-winning music producers Glen Ballard and David Foster. The first project of Intrepid Entertainment is the independent film "Clubland," based on a script Ballard wrote about musicians, the company said Thursday, adding that the movie is fully financed.

Glen Ballard, one of the hottest record producers in the music business, is a technology junkie, the kind of guy who buys the first model of a new product off the assembly line a year before the price goes down and the bugs are worked out. But there's only one piece of hardware that he always packs in its special case and takes to every recording session: the espresso machine that he's now operating in the kitchen of his weekend house in Malibu. The device carries a little symbolism.