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Mca Inc

BUSINESS
April 23, 1996 | JAMES BATES, TIMES STAFF WRITER
MCA Inc. is expected to name former Viacom Inc. Chief Executive Frank J. Biondi Jr. today as its chairman and chief executive, filling the last major gap in the entertainment company's management ranks following its acquisition last year by spirits giant Seagram Co., industry sources said. Biondi, 51, will fill the position left vacant by Hollywood legend Lew Wasserman, who became chairman emeritus after Seagram paid $5.7 billion for 80% of MCA in June.
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CALIFORNIA | LOCAL
April 3, 1996 | DAVID WHARTON, TIMES STAFF WRITER
Entertainment giant MCA Inc. has created a local buzz with its previews of a $3-billion proposal to build a 24-hour resort in the Cahuenga Pass--industry analysts call it cutting-edge while some neighbors are giving it a thumbs down. "People are talking about it," said Tony Lucente, president of the Studio City Residents Assn. "They are talking about traffic and noise. I think they are afraid of what this might mean for life in our community."
BUSINESS
April 1, 1996 | Times Staff and Wire Reports
Matsushita, MCA to Form Videodisc Unit: Matsushita Electric Industrial Co. and MCA Inc. will form a Los Angeles company to produce films for videodisc systems, according to the Japanese newspaper Nihon Keisai Shimbun. The company, Digital Video Compression Corp., will be owned by Matsushita and staffed by employees from Matsushita and MCA, the newspaper said.
NEWS
March 29, 1996 | DAVID WHARTON, TIMES STAFF WRITER
Addressing an audience of often skeptical neighbors, MCA Inc. has embarked on a public relations campaign for its $3-billion proposal to transform the firm's Cahuenga Pass property into a 24-hour resort and entertainment complex.
BUSINESS
February 28, 1996 | DAVID G. SAVAGE, TIMES STAFF WRITER
In a case involving former MCA Inc. shareholders, the Supreme Court gave a major victory Tuesday to businesses trying to resolve class-action lawsuits, ruling that federal judges must honor settlements reached in state courts. Legal experts said that the 7-2 decision will make it easier to settle lawsuits and will forestall companies' having to fight multiple actions in federal and state courts.
BUSINESS
February 22, 1996 | CHUCK PHILIPS, TIMES STAFF WRITER
MCA Inc. on Wednesday formally completed its $200-million partnership pact with Interscope Records and quickly illustrated how it would try to avoid the national controversy over the Westwood-based label's involvement in "gangsta" rap. Interscope kicked off its first day at MCA by capturing the No. 1 spot on the nation's pop chart with rapper Tupac Shakur's new expletive-laced "All Eyez on Me" album.
BUSINESS
February 6, 1996 | DAVID HOLLEY and JAMES BATES, TIMES STAFF WRITERS
MCA Inc. today confirmed that it will go ahead with plans to build a Universal Studios theme park in Osaka, Japan, as the first step in a major international expansion. MCA originally disclosed plans for the park in 1994. But the project came under an extensive review after liquor giant Seagram Co. bought 80% of MCA last year from Matsushita Electric Industrial Co. Seagram Chief Executive Edgar Bronfman Jr. and MCA President Ron Meyer recently decided to approve the project.
BUSINESS
January 24, 1996 | CHUCK PHILIPS, TIMES STAFF WRITER
Defying opponents of "gangsta rap," MCA Inc. has completed a $200-million partnership deal with Interscope Records, the controversial Westwood label that Time Warner Inc. abandoned four months ago after a heated national debate over Interscope's lyrics. The agreement, under which MCA will pay Interscope founders Jimmy Iovine and Ted Field for a 50% stake in their label, with an option to acquire the remainder in three to five years, is expected to be announced within two weeks.
BUSINESS
January 19, 1996 | CHUCK PHILIPS, TIMES STAFF WRITER
MCA Inc. entered into high-level talks Thursday to purchase a 50% stake in Interscope Records, the controversial Westwood-based label that Time Warner Inc. dumped four months ago following a national controversy over rap music lyrics. Although no contract has been signed and several elements of the deal are still to be resolved, key sources predicted that an agreement will be consummated before Monday.
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