You don't necessarily have to spend a fortune on entertainment.
He raised about $110 million from the Goldman real estate family and Joseph Cayre, an investor who made a fortune in the entertainment industry before shifting to real estate.
In one of the most spectacular reversals of fortune in the entertainment industry, EMI Records ended a $80 million contract for five albums from Mariah Carey, who has had more No. 1 songs than anyone except Elvis Presley and the Beatles.
Building a billion-dollar fortune in the entertainment business is extraordinarily rare but certainly not impossible, as evidenced by Steven Spielberg, worth an estimated $3 billion, and George Lucas, worth an estimated $3.9 billion.
LOOKED LIKE a winner when it opened an outpost on the World Wide Web, combining its popular magazines — Time, People, Fortune, Money and Entertainment Weekly — into a single megasite called Pathfinder.
A man who has made much of his fortune off the entertainment industry.
Also important is the recent mushrooming of fortunes in the entertainment and technology industries that call the West Coast home, and the buying patterns among the new collectors.
In Hollywood, it is something of a parlor game to dissect the varying fortunes of the entertainment industry's most visible figures.
Now it's the turn of The Annual Summer Fête – the kind of event that features stalls and entertainments, fortune telling and raffles, all of them clearly opportunities for rows and betrayals – to get a good kicking.
Disney declined to comment, but here is what film executives privately say is happening: Steven Lisberger, the director of "Tron," has digitally remastered his film, and it will be released on Blu-ray and DVD in the months ahead to increase the home entertainment fortunes of "Tron: Legacy".
