In Hollywood, as in life, it's all about who has leverage


  • English
  • Arabic

I have a friend who is an independent film producer, which is another way of saying "I have a friend who is about six weeks from bankruptcy." But he's a real friend of mine - as opposed to the hundreds of people I know in the entertainment business whom I call "friends" merely because there isn't a phrase to describe people I'm tired of despising. But this story isn't about me. It's about my friend, the independent film producer.

Not long ago, he called up someone he's known for over 20 years. They had a meeting a few weeks ago about a project my friend was working on. The guy he's known for such a long time is in the talent management business - although, when you get right down to it, everyone in the entertainment industry is in the talent management business - and the meeting went well: everyone was happy to see everyone else, everyone was excited about the project, everyone was going to follow up.

The meeting ended on a high note, with lots of excited and enthusiastic chirping from all sides. But the real test of any meeting in Hollywood is what happens afterwards, when the follow-up phone call is placed. When my friend did, in fact, follow up a few days later with a phone call, he expected to get his call returned. Which it wasn't. At least not immediately. Now, what happened here isn't all that hard to understand. The follow-up phone call wasn't really all that necessary - the project in question is about six weeks away from requiring any action on the part of the talent management side - but often if you're trying to get a project off the ground and into motion, you spend a lot of time sitting around making calls and not much else. Except, of course, waiting for those calls to be returned.

When they're not, the echo chamber inside your head keeps sounding different reasons why. Left to his own imagination, my friend conjured up all sorts of betrayal scenarios. He twisted himself up into a lather of paranoia, which gave way to wounded anger. Angry because: "Hey, this guy is my friend. Or was my friend," he shouted to me over lunch, when he was unburdening himself. "Why is he being all high and mighty and unreachable all of a sudden?"

But the anger ran deeper. My friend had suddenly learnt a very important lesson about the way Hollywood, and everywhere else, works: in life, in love, and in business, it's all about leverage. Whoever has it, has the upper hand. Sometimes it's unclear who, exactly, has it and who doesn't. But in my friend's case, there was no confusion: if you're waiting for a guy to call you back, then that guy has the leverage.

And here's another way to tell who has the leverage: the guy who's mad doesn't have it. It didn't matter that there was a perfectly good reason why the telephone call was delayed. His friend, who is in the talent management business, was busy trying to talk one of his most successful movie star clients - many of whom are clinically insane - from investing in an underwater restaurant and iPhone app. He was busy, in other words. He had a lot of fires to put out. He'd get back to his friend when he had a spare moment.

Meanwhile, his friend was spinning himself into wilder and wilder furious torrents. But, see, here's the challenge: eventually, you're going to get that call. Eventually, the friend of 20 years is going to call you back, and the key at that point is to drain your anger and resentment away so that the call, when it comes, can be productive. Actually, that's the challenge for almost everything - from driving on the freeway to dealing with your children - but it's hard to do, especially if you've been stewing.

What you don't want to do is sit down and dash off an angry e-mail about your old friend's rudeness, his highhandedness, his lack of loyalty, and his generally unprofessional behaviour. "So what did you do when you thought he wasn't calling you back?" I asked my friend at lunch. "I dashed off an angry e-mail about his rudeness, his highhandedness, his lack of loyalty, and his unprofessionalism." "So when did he finally call you back?" I said.

"He actually had. I think my SIM card was somehow dislodged," he said. "Which was OK, because I felt so bad about it that I insisted he let me take him to lunch to apologise." "How did that go?" "Haven't had it yet. I'm still waiting for him to get back to me with some dates." He could be waiting a long time. Rob Long is a writer and producer in Hollywood

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

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The biog

Name: Salvador Toriano Jr

Age: 59

From: Laguna, The Philippines

Favourite dish: Seabass or Fish and Chips

Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.

Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

LIVERPOOL SQUAD

Alisson Becker, Virgil van Dijk, Georginio Wijnaldum, James Milner, Naby Keita, Roberto Firmino, Sadio Mane, Mohamed Salah, Joe Gomez, Adrian, Jordan Henderson, Alex Oxlade-Chamberlain, Adam Lallana, Andy Lonergan, Xherdan Shaqiri, Andy Robertson, Divock Origi, Curtis Jones, Trent Alexander-Arnold, Neco Williams

Blonde
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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
2018 ICC World Twenty20 Asian Western Regional Qualifier

The top three teams progress to the Asia Qualifier

Final: UAE beat Qatar by nine wickets

Third-place play-off: Kuwait beat Saudi Arabia by five runs

Table

1 UAE 5 5 0 10

2 Qatar 5 4 1 8

3 Saudi 5 3 2 6

4 Kuwait 5 2 3 4

5 Bahrain 5 1 4 2

6 Maldives 5 0 5 0

The years Ramadan fell in May

1987

1954

1921

1888

The specs

Engine: 2.0-litre 4-cyl, 48V hybrid

Transmission: eight-speed automatic

Power: 325bhp

Torque: 450Nm

Price: Dh359,000

On sale: now 

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The Old Slave and the Mastiff

Patrick Chamoiseau

Translated from the French and Creole by Linda Coverdale

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
AL%20BOOM
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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Schedule:

Sept 15: Bangladesh v Sri Lanka (Dubai)

Sept 16: Pakistan v Qualifier (Dubai)

Sept 17: Sri Lanka v Afghanistan (Abu Dhabi)

Sept 18: India v Qualifier (Dubai)

Sept 19: India v Pakistan (Dubai)

Sept 20: Bangladesh v Afghanistan (Abu Dhabi) Super Four

Sept 21: Group A Winner v Group B Runner-up (Dubai) 

Sept 21: Group B Winner v Group A Runner-up (Abu Dhabi)

Sept 23: Group A Winner v Group A Runner-up (Dubai)

Sept 23: Group B Winner v Group B Runner-up (Abu Dhabi)

Sept 25: Group A Winner v Group B Winner (Dubai)

Sept 26: Group A Runner-up v Group B Runner-up (Abu Dhabi)

Sept 28: Final (Dubai)

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Starfield
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The specs
Engine: 3.6 V6

Transmission: 8-speed auto

Power: 295bhp

Torque: 353Nm

Price: Dh155,000

On sale: now 

What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.
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MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

What is safeguarding?

“Safeguarding, not just in sport, but in all walks of life, is making sure that policies are put in place that make sure your child is safe; when they attend a football club, a tennis club, that there are welfare officers at clubs who are qualified to a standard to make sure your child is safe in that environment,” Derek Bell explains.

UAE currency: the story behind the money in your pockets
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Left Bank: Art, Passion and Rebirth of Paris 1940-1950

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