May 17, 1991 |
Thirty-one Italian Old Master paintings from the collection of entertainment mogul Ted Field will leave Los Angeles and go on the auction block July 5 at Christie's London. The auction house expects sales to total more than $10 million. Field, an heir to the Marshall Field department store fortune in Chicago, is chairman of Interscope Communications, the Los Angeles film and TV production company that has produced such box-office hits as "Three Men and a Baby."
May 14, 1995 |
Even by the standards of the super rich, this was a big art buy. Over a series of years in the 1980s, movie mogul Ted Field invested $19 million in exquisite Italian paintings, which he hung in a sprawling villa he owned in Beverly Hills. Few outside the world's elite art circles knew about the deals. But they did not escape the gaze of California's tax police. The State Board of Equalization now says Field--whose personal wealth is said to top $600 million--owes $2.
October 24, 1993 |
Jimmy Iovine, whose credits as a record producer and engineer range from John Lennon to U2, still winces at the humiliation of being turned down by everyone he approached in 1989 to invest in the record company he wanted to start. "People took my calls and they took me to their house for dinner," says the 40-year-old son of a Brooklyn longshoreman. "But I could sense a lot of them thinking, 'He's no record company president . . . he's no David Geffen.'
February 3, 2001 |
Ted Field, the financier who co-founded Interscope Records and helped turn it into a music industry juggernaut, is stepping down from the company. Field, who started the label from scratch in 1991 with record producer Jimmy Iovine, may concentrate on his film company, sources said. Vivendi's Universal Music acquired a half-stake in the label for $200 million in 1996, buying the rest about two years later and folding the Geffen and A&M labels into it.
July 19, 1991 |
Of all the dopey movies recently--and there have been a ton of them--"Bill & Ted's Bogus Journey" (citywide) is the best. Perhaps it's because the movie is so unabashed and glowingly open about that dopiness. Like its central characters--a pair of seraphically good-natured and cretinously self-deluded San Dimas teen-agers who pepper their conversation with interjections like "bodacious," "awesome," "egregious," "How's it hanging, dude?"
CALIFORNIA | LOCAL
June 30, 1995
The State Board of Equalization on Thursday fined movie mogul Ted Field nearly $250,000 for failing to pay taxes on $19 million worth of Italian paintings he purchased for his former Beverly Hills mansion. Field, whose film credits include "Three Men and a Baby," agreed to pay the taxes last month, dropping his fight against the board's efforts to collect the money. Including interest, the total came to about $2.3 million.