Giancarlo Parretti
Business Executive
Spider-Man (film series)...project shut down after spending about $1.5 million on the project. In 1989, Pathe, owned by corrupt Italian financier Giancarlo Parretti, acquired the overextended Cannon. The filmmaking cousins parted, Globus remaining associated with... In this article: Spider-Man, Menahem Golan, James Cameron, Spider-Man 3, Marvel, Carolco Pictures, Mary Jane Watson, Sandman, and Cannon |
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Wikipedia | October 28, 2009
The Cannon Group
...as the new Cannon Pictures Inc. It was later discovered that Parretti breached his contract with Assonitis through Pathe, and was terminated as CEO the same year and replaced by Christopher Pearce. Assonitis later received a default...
In this article: Cannon, Metro-Goldwyn-Mayer, Globus Group, Spider-Man, Pathe, Carl Macek, and Sony
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Giancarlo Parretti - Wikipedia, the free encyclopedia
... from Parretti) Jump to: navigation, search. Giancarlo Parretti is an ... He formerly owned the movie studio Pathé and in 1989 took over Cannon Film Group ...
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www.cannon.org.uk
Cannon.org.uk - Giancarlo Parretti news
The Italian financier Giancarlo Parretti, who is Pathe's president, traded 10 ... Pathe Communications Company and its bankers today removed Giancarlo Parretti, ...
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topics.nytimes.com
Giancarlo Parretti News - The New York Times
... Giancarlo Parretti. Commentary and archival information about Giancarlo ... Giancarlo Parretti, who was removed on Monday from the board of the MGM-Pathe ...
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www.boxofficehits.net
Giancarlo Parretti Facts (Italian) @ BoxOfficeHits.net
In 1990, Parretti also bought Metro-Goldwyn-Mayer, using money ... Parretti. Pathe. Mogul. Film. Fraud. Metro Goldwyn Mayer. United States. Franchise. Financier ...
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www.edwardjayepstein.com
Giancarlo Parretti
Giancarlo Parretti, stunned Wall Street by bidding $1.2 billion in cash for MGM ... businesses, and what Parretti has bought in Cannon and Pathe is 800 movie theaters. ...
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articles.latimes.com
Articles about Giancarlo Parretti - Los Angeles Times - Page 4
Giancarlo Parretti News. Find breaking news, commentary, and archival ... Parretti Says He Still Owns MGM-Pathe - Entertainment: The embattled tycoon says ...
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www.nytimes.com
Parretti Ousted At MGM-Pathe - The New York Times
... Pathe Communications Company and its bankers today removed Giancarlo Parretti, ... Mr. Parretti, who remains the majority shareholder, acquired MGM-Pathe last year ...
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COMPANY NEWS; Parretti Out As Chairman Of Pathe - The New ...
COMPANY NEWS; Parretti Out As Chairman Of Pathe. By RICHARD W. STEVENSON, ... only after the Italian investor Giancarlo Parretti said he would step down as ...
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Description from Wikipedia:
Giancarlo Parretti is an Italian financier.
He formerly owned the movie studio Pathé and in 1989 took over Cannon Film Group Inc. from Menahem Golan and Yoram Globus. In 1990, Parretti also bought Metro-Goldwyn-Mayer, using money borrowed from a Dutch subsidiary of Crédit Lyonnais and contingent on future profits financing the purchase from mogul Kirk Kerkorian.
With the financier, MGM released almost no movies (one victim being the James Bond franchise), while Parretti enjoyed a Hollywood mogul lifestyle. He fired most of the accounting staff and appointed his 21-year-old daughter to a senior financial post. He used company money for presents to several girlfriends, including a former runner-up for Miss Universe.
In 1991 his ownership dissolved in a flurry of lawsuits and a default by Crédit Lyonnais, and Parretti faced securities fraud charges in the United States and Europe. Pathé was purchased by Chargeurs in 1992.
In March 1999, he was found guilty of misuse of corporate funds and fraud and he was sentenced in absentia to four years in prison and fined 1 million francs by a Paris court.
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