February 20, 1988 |
Crippled by box office failures, publicly traded De Laurentiis Entertainment Group announced Friday that founder Dino De Laurentiis has officially departed his $850,000-a-year job as chairman and chief executive. The widely known Italian-born movie maker revealed last November that he planned to resign and that his name would be removed from the firm. His daughter, Raffaella De Laurentiis, resigned as head of production last August.
March 19, 1987
DeLaurentiis Entertainment Group, Beverly Hills, named Stephen R. Greenwald to the newly created post of chief operating officer. The company said Greenwald will continue to serve as president of the corporate division.
August 5, 1986
De Laurentiis Entertainment Group, formed last year in Los Angeles, said it plans to form a company with Australian investors to construct a "major" film studio in Australia and finance, produce and distribute films. Stephen R. Greenwald, president of De Laurentiis, said the new company hopes to raise between $18 million and $40 million through a public offering in Australia.
September 23, 1987
Financially troubled De Laurentiis Entertainment Group has announced the formation of an office of the president. It named outside advertising executive Gordon Weaver as one of three members, as well as Fredric Sidewater, who has been its president, and Stephen R. Greenwald, who has been president of its corporate division. The company said the marketing and distribution divisions will report to Weaver. Larry Gleason will continue as president of marketing and distribution.
June 19, 1987 |
The price of DeLaurentiis Entertainment Group shares plummeted to $6.50 Thursday, down $2.25 on the American Stock Exchange, due largely to the disappointing performance of its latest movie, "Million Dollar Mystery," and Paine Webber's change in recommendation to "hold" from "buy." Paine Webber served as the company's underwriter in its initial public offering last year, when it sold at $12 per share.