If You're Going to Do a Party, Do It Right!

Budget? What budget? When mogul Mario Kassar threw a party at the Cannes Film Festival last year, he spent $200,000 to charter a 203-ft. yacht and used fireworks to light up the sky with the titles and stars of his studio's new films. "It's a competitive market," explains Kassar. "If you're going to do % a party, do it right! The whole world was talking about this one."

With his gold jewelry, corporate jet, Beverly Hills compound and walkie- talkie-toting bodyguards, Kassar is the picture of Hollywood happiness. The industry's overpaid stars love him. But the 39-year-old chairman of Carolco Pictures,...

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