HOLLYWOOD: The Downfall Of Dino

The Downfall Of Dino

Producer Dino De Laurentiis is known for some oversize movies, among them Conan the Barbarian and the 1976 remake of King Kong. But now the flamboyant founder of the De Laurentiis Entertainment Group is in colossal trouble with creditors, whom his company owes $122.6 million. Only a year ago Wall Street speculators were pouring money into the Beverly Hills-based firm, but it lost $20.5 million during the six months ending in August, thanks in part to such flops as Tai-Pan and King Kong Lives. To raise cash, the company is struggling to find buyers for its library of more than 350...

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