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"I'm just happy there are some corporate Medicis around," Nair said in an interview with The Associated Press Choreographer William Forsythe, the American director of the Frankfurt Ballet, also a mentor last year, said his protege, Tibetan dancer Sang Jijia, was quickly embraced by the German troupe's dancers " â€â€?â€â€?â€â€? On the Net: Rolex Mentor and Protege Arts Initiative: http://www com/ rolexmentorprotege "I mean, if it isn't, we're all wasting our time " "We need to encourage not yet established writers," Morrison told the AP He expects big things from the program "I was deeply moved by his modesty," said Forsythe of Jijia Jijia has danced with the company and assisted Forsythe, who hopes to establish an educational project in Tibet Mentors get $50,000 Nobel laureate Toni Morrison was a mentor in the program's first year "At the same time, he exhibited such original thinking and his talent as a dancer is unquestioned â€â€? I lucked out Nair is hoping to choose a female filmmaker from the Middle East " For Hall, founder of the Royal Shakespeare Company, the opportunity to share such practical experiences with a talented young director is much-needed Beginning in June 2004, each mentor will offer an emerging artist in his or her respective field at least a year of guidance He paused, and laughed Rolex Sponsors Arts Mentoring Project Nov 10, 6:53 PM EST British director Peter Hall, British artist David Hockney and American opera singer Jessye Norman are among the artists named Monday to an arts mentoring project "I know that opportunities from that part of the world are few and far between, and I think in this day and age we need to be told the realities from that world The proteges receive a $25,000 stipend She selected Australian novelist Julia Leigh from three finalists, drawn to her "strength, clarity and confidence "In 10 years' time it's quite possible that a whole clutch of very important artists will have come through the patronage of Rolex," said Hall Others involved in the Mentor and Protege Arts Initiative, sponsored by Swiss watchmaker Rolex, are Indian filmmaker Mira Nair, Japanese choreographer Saburo Teshigawara and Peruvian novelist Mario Vargas Llosa " Rolex launched the program in June 2002, responding to what was perceived as a void in corporate arts philanthropy Potential apprentices are nominated by an anonymous board with the finalists chosen by the mentors Analysts surveyed by Thomson First Call had expected a net loss of 8 cents per share 3 million, or 3 cents per share, reflecting the company's decision to begin recording stock options as an expense a year earlier than required by new accounting regulations MGM Reports Net Loss of $21 The studio had previously said it expected to break even for the year MGM is in advanced talks to be acquired by Sony, according to sources familiar with the discussions Revenues rose 17 percent to $464 million on the success of film sequels such as "Barbershop 2: Back in Business" and a sharp increase in worldwide home video sales It made an unsuccessful $11 about being acquired by the electronics and entertainment giant, focusing instead on MGM's latest quarterly results Sony has signed a letter of intent to buy the venerable studio and its library of more than 4,000 films, although no price has yet been set The loss is due to expensing stock options and interest on debt the company recently took on to pay a dividend to shareholders Shares of MGM were down 16 cents to $20 MGM executives did not discuss the company's talks with Sony Corp Excluding the charges, MGM said it would have reported a profit of 1 cent per share 8 million, or 22 cents per share, in the same period last year The results include a non-cash charge of $7 MGM also recorded a one-time charge of 7 cents per share for an unexpected bad debt 90 in late afternoon trading on the New York Stock Exchange "We remain vigilant to see what opportunities come available," MGM chairman and chief executive Alex Yemenidjian said during a conference call with analysts MGM said it now expects a net loss for the full year of between $75 million, or 32 cents per share, and $85 million, or 36 cents per share 4 billion in a tax-free return of capital when the dividend is paid next month Earlier this week, MGM's board approved a special dividend of $8 per share 3 million, or 9 cents a share, in the quarter ended March 31 on higher revenue from feature films and DVD sales 3 Million Apr 29, 3:19 PM EST Film studio Metro-Goldwyn-Mayer reported a narrower first-quarter loss Thursday and said it would end 2004 with a loss as well because of the cost of expensing stock options and interest payments on a new line of credit Other media companies, including Time Warner, are said to be taking a second look at MGM, which has been trying to grow either through an acquisition or merger for the past several years 5 billion all-cash offer for Universal Studios last year and also tried to buy cable channels owned by Rainbow Media The company reported a net loss of $21 That compares to a net loss of $55 Billionaire Kirk Kerkorian, who owns about 74 percent of the company, will gain around $1 |
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