Mary Pickford Tagged Articles at Cinematical
Who Owns Mary Pickford's Oscar?
Filed under: Classics », Celebrities and Controversy »
It's a thorny dilemma, both legally and morally -- fittingly, the kind of story that, were it turned into a movie, might win a couple Oscars itself. The question is this: Does the Academy of Motion Picture Arts and Sciences have the legal right to buy back an Oscar winner's statuette if he or she (or his or her heirs) decides to get rid of it? What if the Oscar winner wants to sell it at auction and donate the money to charity? Can the Academy in good conscience demand return of the statuette and deprive the charity of those funds? See? Thorny!
For Academy Award winners since 1950, the legalities are fairly uncomplicated. The minute you win the sucker, you have to sign a contract saying that if you or your heirs ever decide you don't want the trophy anymore, the Academy has the right to buy it back for $10. That's the Academy's way of preventing the devaluation of the statuette. If any old schmo with a few hundred thousand dollars could "win" an Oscar at Jack Nicholson's garage sale, the prize would lose all meaning. As it is, of course, winning an Oscar is the single greatest achievement that a human being can ever hope to accomplish -- and the Academy wants to keep it that way.
The issue that's about to go before a Los Angeles judge and jury is what should happen to the best actress Oscar that Mary Pickford won for 1929's Coquette. (That's Pickford and the troublesome trophy in the picture.) The Academy didn't have the first-dibs rule back then -- but when Pickford won an honorary Oscar in 1976, she signed the agreement, and the Academy says that contract was retroactive to include her earlier trophy, too.
Tom Cruise Reincarnates United Artists
Filed under: Deals », MGM », Sony », United Artists », Celebrities and Controversy », Distribution », Newsstand », Tom Cruise »
Over at her Risky Biz Blog, Anne Thompson has a piece up on the big scoop around United Artists. United Artists has been a studio in limbo ever since Sony acquired both MGM and UA in April of last year. No one was sure if Sony would simply absorb the other company, or whether they would continue to use their brand and logo as a distribution arm. Today the mystery is over, with MGM announcing today that Tom Cruise and his partner Paula Wagner will help relaunch the new United Artists as partner-operators. This finally lands Cruise at a new studio, after being released by Paramount following the disappointing box office take for M:I3, and displeasure over Tom's couch-jumping antics. The new deal gives Cruise and Wagner the ability to greenlight their own projects, and will serve as a pipeline for them to distribute their own content. What remains unclear is how this newly announced deal will affect the new Cruise/Wagner production company that was cobbled together by investors once Tom left Paramount.Since 1919 United Artists has had a storied past since inception and creation by four of the film world's biggest stars at the time: Douglas Fairbanks, Charlie Chaplin, Mary Pickford and director D.W. Griffith. It enjoyed both success and failures in the intervening years, giving birth to such franchises as the Rocky, James Bond, and Pink Panther films as part of its highs, and being the studio behind the Heaven's Gate debacle as part of the lows, which left it essentially bankrupt in 1980. The press release lauds Cruise as, "one of the most successful, critically acclaimed and sought after movie stars in the world. Cruise's films have resulted in worldwide box office totals of approximately US$6 billion and his last two films, War of the Worlds and Mission: Impossible III have grossed nearly US$1 billion worldwide." United Artists is hoping that both Cruise name and star power will help bring them home some of that bling.
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