May 18, 1995 |
Sony, Coke Settle Shareholder Suit Over TriStar Deal: The electronics giant and the Atlanta-based beverage maker agreed to pay $22.5 million to settle a lingering shareholder suit related to Coke's 1987 acquisition of the TriStar studio. The settlement, which requires the approval of Delaware Chancery Court, follows a 1993 ruling that found that Coca-Cola Corp. mistreated TriStar's minority shareholders when it more than doubled its stake in the TV television and movie production company to 80%.
January 16, 1995 |
Best-selling author Dean Koontz wants his name off the upcoming movie of his 1992 suspense thriller "Hideaway" because he thinks the screen version is too violent. But TriStar, the studio releasing the film, says that's tough noogies. An item in Liz Smith's syndicated column today (see F4) says Koontz, who lives in Newport Beach, "demanded" to have his name removed from the credits.
November 15, 1994 |
As Sony Pictures Entertainment tries to break out of its box office morass and move into a brighter future, some executives are still feeling haunted by the ghost of Sony past. They allege that ex-Chairman Peter Guber, who left two months ago, is trying to circumvent management and snatch some of Sony's most promising projects for his own production company.
September 23, 1994 |
Marketing and distribution executives at Columbia Pictures and TriStar Pictures have been on edge since August, when it was announced that the two Sony Pictures Entertainment divisions would be merged. The ax fell Thursday, with dozens of staff members, including some executives, losing their jobs.
June 26, 1994 |
TriStar's high-profile Western, the Sharon Stone vehicle "The Quick and the Dead," has high-tailed it out of town--at least for the rest of this year, as the studio reportedly has become concerned about over-saturation of Westerns, as well as overexposure of Stone and co-star Gene Hackman.
February 2, 1994 |
The family of Geoffrey Bowers, a lawyer who brought one of the first AIDS employment discrimination cases in the United States, has filed a multimillion-dollar lawsuit against Hollywood producer Scott Rudin, TriStar Pictures and the creators of the movie "Philadelphia," charging that the film is substantially based on Bowers' story.