“If this was done under the old studio system, all of them would have been under contract to a different studio, and the odds of loaning them out were nil, and then the odds of getting this made outside the system would have been almost impossible.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Michael Ovitz
Insight
Michael Ovitz preferred negotiating with conflicted people to ensure deals closed
“You know, I've always felt, and I still do, I'm really interested in dealing with conflicted people because if you have a conflict, in essence, you want it to work out on both sides. So a lot of times I'll go to someone with a heavy conflict to this day to wor…”
Michael OvitzDec 21, 2021▶ 26:28CAA (with Michael Ovitz) · Acquired
AssertionNot checkable as stated
Ovitz: Michael Eisner undercut me at every opportunity at Disney
“When I got to Disney, it was very clear there was a head-to-head conflict, and Michael undercut me every chance he could, and after a couple years, I just didn't want to deal with it anymore”
Michael OvitzDec 21, 2021▶ 1:39:30CAA (with Michael Ovitz) · Acquired
Disclosure
CAA never pitched unpackaged ideas or individual clients to movie studios
“And we would never sell any idea or client unpackaged or naked to a studio ever, ever. So anything we did was pre-packaged where we controlled all the elements and our clients controlled their own destiny.”
Michael OvitzDec 21, 2021▶ 31:18CAA (with Michael Ovitz) · Acquired
AssertionContradicted
CAA packaged 350 films and treated traditional studios strictly as distributors
“Or any of the 350 films that we packaged, Tootsie, Rain Man, go down a forever list, you had a choice. You'd, you'd buy the package, or we'd sell it to somebody else, because we viewed the studios as distribution entities.”
Michael OvitzDec 21, 2021▶ 32:33CAA (with Michael Ovitz) · Acquired
AssertionNot publicly verifiable
Matsushita gave Michael Ovitz $120 million to distribute among deal consultants
“They gave me a hundred and twenty million dollars to pass out to all of the consultants. And I passed out money to everybody generously, because we had Washington lobbyists, we had PR people.”
Michael OvitzDec 21, 2021▶ 1:30:23CAA (with Michael Ovitz) · Acquired
Insight
Ovitz: Tech investing is the same packaging playbook as Hollywood agency representation
“All of the training I had as an agent has led me to a career in the digital world that's fantastic because what am I doing? I'm packaging. I'm putting young founders together with money and distribution, and nothing different than I did for 35 years. It's all …”
Michael OvitzDec 21, 2021▶ 1:39:08CAA (with Michael Ovitz) · Acquired
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