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Mario Kassar

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ENTERTAINMENT
September 23, 1990 | NINA J. EASTON
Carolco Pictures chairman Mario Kassar paid Arnold Schwarzenegger nearly $10 million upfront, plus a hefty chunk of ticket sales, to star in this summer's blockbuster "Total Recall." He threw an elaborate premiere party at the Griffith Park Observatory when "Total Recall" opened--and an even glitzier one celebrating Schwarzenegger at Hollywood's Roxbury Club once the movie topped $100 million in ticket sales.
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BUSINESS
January 13, 1996 | From A Times Staff Writer
Cinergi Pictures Entertainment said late Friday that it was told by U.S. prosecutors that its chairman and chief executive, top Hollywood producer Andy Vajna, is under investigation by a federal grand jury. Cinergi said it believes the investigation is related to "a long-standing federal audit of Mr. Vajna's personal tax returns." The company said it is responding to two subpoenas to produce documents for the grand jury and was told it is not a target of the investigation.
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BUSINESS
May 11, 1992 | ALAN CITRON, TIMES STAFF WRITER
When Carolco Pictures Chairman Mario Kassar cruised into last year's Cannes Film Festival on a 203-foot yacht stocked with the best food and drink, he instantly became everyone's favorite party animal. The Gatsby-like goings-on aboard the boat earned Kassar nearly as much attention as the picture he had come to promote. And that's saying a lot, since the movie was "Terminator 2: Judgment Day."
BUSINESS
November 11, 1995 | JAMES BATES, TIMES STAFF WRITER
Twentieth Century Fox Film Corp. on Friday agreed to buy nearly all the assets of mega-budget movie producer Carolco Pictures for $50 million, ending one of the wildest rides among Hollywood production companies. Also Friday, long-troubled Carolco filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code, a move that had been widely expected and discussed for weeks with creditors.
BUSINESS
December 21, 1990 | MICHAEL CIEPLY and ALAN CITRON, TIMES STAFF WRITERS
A Los Angeles judge froze 2.2 million Carolco Pictures Inc. shares owned by company Chairman Mario Kassar and rebuked the executive for enriching himself at the expense of the highflying independent film studio. Kassar was also limited in his ability to draw funds other than salary from Carolco or to exercise warrants to purchase an additional 1 million shares under a preliminary injunction issued Thursday by Superior Court Judge John Zebrowski.
ENTERTAINMENT
October 8, 1994 | ELAINE DUTKA, TIMES STAFF WRITER
Bringing "Cutthroat Island" to the big screen may be the toughest feat yet attempted by impresario Mario Kassar, a cinematic Houdini who has made his reputation escaping from tight spots. On Friday, however, director Renny Harlin and female lead Geena Davis headed to Malta for the Oct. 31 shoot on the assumption that the Carolco Pictures' chief will, once again, pull it off.
BUSINESS
May 8, 1993 | From Times Staff and Wire Reports
Mario Kassar Signs New Contract: The Carolco chairman--whose movie company has produced such big-budget hits as "Terminator 2: Judgment Day" and "Basic Instinct"--has agreed to stay with the company through 1997, according to a revised Carolco restructuring plan filed with the Securities and Exchange Commission. Separately, Carolco said its 1992 loss narrowed to $88 million from $265 million in 1991, with 1992 revenue at $565 million.
BUSINESS
December 30, 1992 | From Times Staff and Wire Reports
Carolco Pictures Chairman's Pay Disclosed: Mario Kassar would be paid $5.25 million through 1994 under a proposed employment agreement, according to a Securities and Exchange Commission filing. Carolco, which is undergoing a reorganization, would pay Kassar $1.5 million in 1992, $1.75 million in 1993 and $2 million in 1994.
ENTERTAINMENT
October 8, 1994 | ELAINE DUTKA, TIMES STAFF WRITER
Bringing "Cutthroat Island" to the big screen may be the toughest feat yet attempted by impresario Mario Kassar, a cinematic Houdini who has made his reputation escaping from tight spots. On Friday, however, director Renny Harlin and female lead Geena Davis headed to Malta for the Oct. 31 shoot on the assumption that the Carolco Pictures' chief will, once again, pull it off.
BUSINESS
May 8, 1993 | From Times Staff and Wire Reports
Mario Kassar Signs New Contract: The Carolco chairman--whose movie company has produced such big-budget hits as "Terminator 2: Judgment Day" and "Basic Instinct"--has agreed to stay with the company through 1997, according to a revised Carolco restructuring plan filed with the Securities and Exchange Commission. Separately, Carolco said its 1992 loss narrowed to $88 million from $265 million in 1991, with 1992 revenue at $565 million.
BUSINESS
December 30, 1992 | From Times Staff and Wire Reports
Carolco Pictures Chairman's Pay Disclosed: Mario Kassar would be paid $5.25 million through 1994 under a proposed employment agreement, according to a Securities and Exchange Commission filing. Carolco, which is undergoing a reorganization, would pay Kassar $1.5 million in 1992, $1.75 million in 1993 and $2 million in 1994.
BUSINESS
December 25, 1992 | JAMES BATES, TIMES STAFF WRITER
One of film legend Charlie Chaplin's best-known movies is "The Gold Rush." For Carolco Pictures, whose epic film biography of Chaplin opens today, business lately has been anything but a gold rush. In fact, until this week there was little gold left.
BUSINESS
May 11, 1992 | ALAN CITRON, TIMES STAFF WRITER
When Carolco Pictures Chairman Mario Kassar cruised into last year's Cannes Film Festival on a 203-foot yacht stocked with the best food and drink, he instantly became everyone's favorite party animal. The Gatsby-like goings-on aboard the boat earned Kassar nearly as much attention as the picture he had come to promote. And that's saying a lot, since the movie was "Terminator 2: Judgment Day."
BUSINESS
April 9, 1992
I am repulsed by the jury's finding of liability in the trial of the Los Angeles Police Department Special Investigations Section officers shooting of four armed robbers ("Gates, Special Unit Found Liable for Robbers' Deaths," March 31). These criminals had engaged in a reign of terror, robbing many stores and endangering many lives. The jury disbelieved the allegation that the robbers would point realistic-looking pellet pistols at the SIS officers.
BUSINESS
January 17, 1992 | JOHN LIPPMAN, TIMES STAFF WRITER
Carolco Pictures said Thursday that it has tentative agreements to receive a $45-million cash infusion from its foreign investors and restructure its credit arrangements with lenders so it can keep running. The financially troubled movie studio--known for its big-budget action pictures such as "Terminator 2" and "Total Recall"--appeared to have gained the financial wherewithal to tide it over to the release of its next major picture this spring.
BUSINESS
December 31, 1991 | JOHN LIPPMAN, TIMES STAFF WRITER
Carolco Pictures said Monday that its chief executive, Peter Hoffman, will step down after his contract expires in March, ending months of speculation that the top strategist behind the independent studio's rapid diversification was on the way out.
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