News Flash: Hollywood Plagued by Conspiracy of "Managerial Elite"

David Card | July 20, 2006, 03:38 PM

An LA Times piece on the panic gripping Hollywood over Disney's 650 layoffs offers this priceless quote:

"It's as if the managerial elite has made a secret pact to adhere to certain business principles that they want to enforce on agents and artists," said ("Da Vinci Code" producer Brian) Grazer, who sees studios as more rigid today about how far they'll stretch to compensate even the biggest stars, directors, producers and writers on movie projects.

"That's never happened in the 25 years I've been producing."

What??!!?? Financial discipline in Hollywood?? Companies actually run like a "business"? By "managers"? Say it isn't so!