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March, 2007 Archives | Homepage

Andre Agassi's $5 Million Book Deal

Andre Agassi has signed a book deal with Knopf with a reported $5 million advance, which is an amazing figure for a sports figures's memoir.
The winning bid is a world-rights deal with the Alfred A. Knopf imprint in hardcover and the Vintage trade paperback imprint, both owned by Random House Inc. Although terms were not disclosed, the $5 million that insiders say Agassi scored catapults him into an exclusive memoir club that includes former President Clinton, who got an estimated $12 million, former Federal Reserve Chairman Alan Greenspan, who scored more than $8.5 million from Penguin Press, Hillary Clinton, who landed $8 million from Simon & Schuster, and Jack Welch, who got $7.1 million from TimeWarner Books (now a part of Hachette Books).

His deal is believed to be a champion among sports memoirs. In an unusual move, the winner was not the highest bidder. The top bid was believed to be $5.35 million, but Agassi agents Michael Carlyle and Richard Pine at InkWell opted to take an offer from Knopf, which was actually in fourth place after a week of fierce bidding that started at $4 million. HarperCollins, Simon & Schuster and Hachette's Warner 12 imprint were all jockeying for the lead in and around the $5 million to $5.35 million range. President Clinton, who also published with Knopf, was said to have urged Agassi to go with his imprint.

There is no timetable for the launch of the book, which would have to sell in excess of 500,000 copies to break even, one industry source estimated. The book is expected to cover Agassi's stormy marriage to Brooke Shields, his current one to tennis great Steffi Graf, as well as his work with underpriveleged youths at the Agassi College Preparatory Academy in Las Vegas.
"I recently had the privilege of meeting with top executives and editors from eight publishing houses," Agassi said in a statement. "Everyone was very impressive, but in the end, I felt the strongest connection with Sonny Mehta and his colleagues at Knopf."

Sonny Mehta, the chairman and editor in chief of Knopf said, "Andre Agassi is one of the world's most popular and admired figures. He has lived an extraordinary life, and he has a great story to tell -- an inspiring story of determination, competition, and what it takes to become one of the greatest athletes of our time. Additionally, he is someone who has chosen to use his success as an instrument for change in the world."

No release date has been set for the book, but you can bet that the publicity campaign will be huge. It will have to be, to make up for an advance of that size.

Posted on March 29, 2007
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Victoria Beckham Starts a Book Club

Photo of Victoria BeckhamVictoria Beckham has not wasted any time organizing her upcoming move to Los Angeles with her soccer star husband, David. She's found a house, schools for the kids and she's even founded a new book club. That's right, a book club.
The former Spice Girl – who moves to Los Angeles in the summer with husband David and their three sons – is keen to teach her American pals about classic English literature and sees the club as a perfect way to do it. The 32-year-old star plans for members of the exclusive book club to meet once a month at each other's houses, where they will discuss the book they've been reading.

A source told Britain's Daily Star newspaper: "When Victoria told Katie about a book club, Katie thought it was a great idea, especially as she would love to learn more about British classics. "Victoria has asked five of her friends, including Jennifer Lopez and Katie, to become members." Books that Victoria wants to talk about, include Jane Austen's 'Pride and Prejudice', 'Emma' and 'Sense and Sensibility', as well as tomes by literary giants Charles Dickens and Thomas Hardy.

Katie – who has become close pals with Victoria – told Victoria the club would be a great way of making friends while David plays for new soccer team Los Angeles Galaxy.
Er, um. Good for them?

Posted on March 26, 2007
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Hogwarts Express is Vandalized

The Hogwarts Express has been vandalized. The perpetrators caused $100,000 in damage to the train which is run by the British rail company, West Coast Railways. According to the BBC, six young thugs broke into the train yard and smashed 200 of the train's windows with hammers.
Forensic teams associated with the British Transport Police are still investigating the incident. The attack was not the first time the iconic train has been hit by vandals. In September 2003, the company was forced to spend about $6,000 on repainting one carriage after it was painted with graffiti. No timetable has yet been put on getting the train back up and running, a spokeswoman told BBC News.

The train's red color and the distinctive number 5972 on the front of the engine make it instantly recognizable as the Hogwarts Express. In J.K. Rowling's books, the train carries Harry and his fellow wizardry students to and from the Hogwarts school each year. In real life, it carries tourists around the U.K. during the summer months and was used by Warner Brothers in the Harry Potter film adaptations.
What a bunch of scum. We hope they are found and are sentenced to some kind of incredibly boring, seemingly endless community service project where they have to clean things up and actually help people.

Posted on March 23, 2007
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Warhol's Lemon Marilyn Up For Auction

Photo of Lemon Marilyn by Andy Warhol Andy Warhol's "Lemon Marilyn" is going to be put up for auction by its owner. It is expected to fetch upwards of $15 million.
A U.S. collector who bought an Andy Warhol portrait of Marilyn Monroe in 1962 for $250 is offering the painting for sale in May and can expect to fetch over $15 million, auctioneers Christie's said on Monday. "Lemon Marilyn" was one of 13 portraits the celebrity-obsessed artist made of Monroe after she committed suicide in August, 1962. "Orange Marilyn", another painting in the series, was sold for $16.3 million in 2006.

Christie's did not reveal the identity of the private collector, who bought the painting at Eleanor Ward's Stable Gallery in New York, where Warhol held a one-man exhibition that included eight paintings in the series. The work will be on public display at Christie's in London from Monday until Wednesday, and will go on sale at auction on May 16 in New York.
So, let's see. With a basis of $250 and an estimated selling price of $15 million at the long-term capital gains rate of 15%, it looks like the anonymous collector will owe estimated quarterly taxes of $2,249,962.50, leaving him with a nice after-tax profit of $12,749,788. Not bad at all.

Posted on March 20, 2007
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Viacom Sues YouTube For $1 Billion

Viacom is suing Youtube.com for copyright violation. The lawsuit asks for $1 billion in damages, according to Business Week. Viacom claims that YouTube's entire business is based on the illegal and willful use of copyrighted material.
Other media companies also have major concerns about YouTube, but Viacom's was the first lawsuit filed by a major media owner. Several media companies have reached agreements to supply YouTube with clips, including CBS Corp., General Electric Co.'s NBC Universal and the British Broadcasting Corp., but many others remain reluctant to deal with the Web site because of copyright concerns. YouTube had been a quirky, fast-growing startup until the deep-pocketed Internet search behemoth Google Inc. bought the company last November for $1.76 billion.

But YouTube's soaring popularity, especially among younger people who are increasingly tuning out traditional media, has broadcasters frightened of losing viewers and advertising dollars. Last month, Viacom demanded that YouTube remove more than 100,000 unauthorized clips from its site, and since that time, the company has uncovered more than 50,000 additional unauthorized clips, Viacom spokesman Jeremy Zweig said.

A quick search of YouTube's site turned up numerous clips from Viacom programs including segments from Comedy Central's "The Daily Show with Jon Stewart" and Nickelodeon's "SpongeBob SquarePants" cartoon. In the lawsuit, filed in U.S. District Court in New York, Viacom says YouTube "harnessed technology to willfully infringe copyrights on a huge scale" and had "brazen disregard" of intellectual property laws.

Viacom is especially at risk because many of its shows are aimed at younger viewers who also are heavy Internet users. At the same time, Viacom is trying to find other, legal ways to distribute its shows digitally, such as by selling episodes of "The Daily Show" and "South Park" for $1.99 each through Apple Inc.'s iTunes service. Those shows can then be viewed on a computer or iPod.
YouTube says that it removed copyrighted material when it is notified of an infringement. YouTube is now owned by Google. Many other major companies have cut deals with YouTube, after first threatening lawsuits. We think that over time YouTube will most likely reach a deal with all the major media companies for some kind of licensing agreement that allows the embedding of advertisements to pay for the free content.

Posted on March 15, 2007
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Stephen King's The Talisman is Coming to TV

Sci Fi reports that Steven Spielberg and DreamWorks Television will be producing a tv miniseries from the Stephen King/Peter Straub novel, The Talisman, which will be aired on TNT in 2008. The miniseries will most likely then become a regular series which will begin its run in 2009.
Spielberg will executive-produce a six-hour miniseries based on Stephen King and Peter Straub's best-selling supernatural thriller The Talisman for the summer of 2008, with DreamWorks Television producing. Spielberg, who produced Into the West for TNT, will be joined by his longtime partner Kathleen Kennedy as executive producer, along with Ehren Kruger (Skeleton Key, The Ring), who will adapt the King/Straub novel. Darryl Frank, who heads up DreamWorks Television, will be co-executive producer, along with Justin Falvey.

The Talisman, which was published in 1984, marked the first collaboration between King and Straub. It tells the story of Jack Sawyer, a boy who goes on a quest through this world and through a parallel world known as "The Territories" on a mission to obtain a mysterious talisman that will save his dying mother's life and that of her "twinner," the Queen of the Territories.
That sounds like a very interesting project. Stephen King has had so many of his books made into movies and series, with varying degrees of success. Let's hope the new project meets the high standards set by the film, The Shawshank Redemption (we love that film) and the current TV series on USA Networks, The Dead Zone.

Posted on March 14, 2007
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Lennon Film Showing Canceled Over Copyright Dispute

A Maine private school had to cancel the showing of a John Lennon documentary because of a copyright dispute. The two-hour film is called 3 Days in the Life. Yoko Ono's lawyers put a stop to the showing.
The film was shot over a three-day period in 1970 by Tony Cox, Ono's former husband. It shows Lennon and Ono at their countryside estate and captures Lennon writing "Remember" and "Mind Games." In 2000, it was sold by Cox to three New England men, John Fallon, Ray Thomas, and Robert Grenier, for $1 million.

In a letter that was sent to Berwick Academy, Dorothy Weber, Ono's attorney, asserted that Ono owns the tapes shot by Cox. "Mrs. Lennon owns all rights, title and copyrights in and to all film, outtakes and videotapes embodying the images of the late John Lennon and herself as filmed by Anthony Cox in 1970," wrote Weber. "The sum and substance is that there is a dispute over the ownership of the film, but I can't get into the specifics while there's a pending dispute," Weber later told the Globe.

In a statement released by the school, Berwick said the copyright ownership was in question. "Berwick Academy received a correspondence from Ms. Ono's attorneys indicating that Ms. Ono retains a copyright interest in the footage and has not granted a license or permission for a public showing of the film. Given the apparent dispute over ownership rights in the film, Berwick Academy has decided not to show the film as previously scheduled until the parties resolve the underlying ownership dispute," the statement read.
The three men who purchased the film say they never transferred the copyright to Yoko Ono or to anyone else, and will go to court to prove it. We have never heard of this film before - it sounds quite interesting. We hope they get permission to show it or that Yoko eventually agrees to let them show it.

Posted on March 7, 2007
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Microsoft Attacks Google Over Disregard for Copyrights

Microsoft is now attacking Google for its cavalier disregard for copyright laws. Microsoft's associate General Counsel is set to accuse Google of exploiting books, music, films and tv without compensating the authors of those works and without first getting permission to use the work of the artists.
Tom Rubin, associate general counsel for Microsoft, will say in a speech in New York that while authors and publishers find it hard to cover costs, "companies that create no content of their own, and make money solely on the back of other people’s content, are raking in billions through advertising and initial public offerings."

Mr Rubin's remarks, presaged in an article in Tuesday's Financial Times, come as Google faces criticism and legal pressure from media companies over services allowing users to search online for books, films, television programmes and news. Viacom, the US media group, instructed YouTube, which Google owns, to remove 100,000 clips of copyright material.

The Authors Guild and a group of publishers backed by the Association of American Publishers have separately sued Google for making digital copies of copyrighted books from libraries without permission. Mr Rubin will tell the AAP's annual meeting that Google's decision to take digital copies of all books in various library collections, unless publishers tell it not to, "systematically violates copyright, deprives authors and publishers of an important avenue for monetising their works and, in doing so, undermines incentives to create."

He will say Google is breaching copyright law because it has "bestowed upon itself the unilateral right to make entire copies of copyrighted books." Google thinks it is acting legally because it publishes only "snippets" of copyrighted works unless it has the publisher's permission. But Mr Rubin will say in Tuesday's speech: "Google is saying to you and other copyright owners: 'Trust us, you're protected. We'll keep the digital copies secure. We'll only show snippets. We won't harm you, we'll promote you.' "But . . . anyone who visits YouTube . . . will immediately recognise that it follows a similar cavalier approach to copyright."
That's how you know some kind of Apocalypse is coming: Microsoft is now on the correct side of a copyright question and is loudly supporting the rights of authors and writers. It's gratifying -- and yet disturbing -- at the same time.

Posted on March 5, 2007
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Stolen Painting Found in Steven Spielberg's Office

Photo of Norman Rockwell's The Russian SchoolroomOscar-winning director Steven Spielberg was horrified to learn that he had a stolen painting in his possession. He had no idea the painting was stolen, and has owned it since 1989. The Norman Rockwell painting is entitled "Russian Schoolroom," and was stolen from an art gallery in Missouri during a robbery in 1973.
The FBI's Art Crime Team says the painting turned up for sale in New York in 1989, the same year Spielberg bought it from a legitimate dealer. It was Spielberg's staff that alerted the FBI when they noticed the painting on a list of stolen art. "They were gracious and responsible to come forward with that information," Assistant Special Agent Tom Noble told ABC News.

Noble said Spielberg's staff allowed FBI experts to authenticate the painting, which shows children at their desks facing a bust of Lenin. The painting was worth about $20,000 when it was stolen. The FBI estimates it is worth about $700,000 today. "It is just wonderful that it has been found," said Laurie Norton, director of the Norman Rockwell Museum in Stockbridge, Mass. "It is good to know it was in safe hands, as Mr. Spielberg is a devoted and passionate collector of Norman Rockwell."

Spielberg is a trustee on the board of the Norman Rockwell Museum. Norton said it is not uncommon for stolen paintings to turn up after decades, since thieves often wait for a case to go cold before putting a painting on the market. The FBI is allowing Spielberg to keep the painting until it can be determined where it belongs.
According to CNN, one of Spielberg's staffers noticed that the painting on the wall was also listed on an FBI site which lists stolen art.

What a bummer for Spielberg. The painting is valued at $700,000; we hope his insurance covers some of his loss. Which leads us to another question: what in the world was a member of Spielberg's staff doing perusing the FBI stolen art database during working hours? Shouldn't he have been working full-time on the new Indiana Jones film?

Posted on March 3, 2007
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