A Yen for Hollywood

Vanity Fair September 1991

september_1991_spread_400Hollywood may have been amused when Japan’s maverick mogul, Sony chairman Akio Morita, shelled out $3.4 billion for Columbia studios and almost a billion more for producers Jon Peters and Peter Guber to run it. But as Edward Klein reports from the boardrooms of Tokyo, the Japanese took a very different point of view. Two years later, Peters is out, but Columbia is still draining Sony’s cash. Is it Hollywood hara-kiri? Or can Morita still get the last laugh?

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