The billionaire set has always looked upon movies as diverting toys. They offer glitz and glamour, but also pose one ominous trap: public scrutiny. This was underscored by breaking news this week involving three high-profile billionaires: Steven Mnuchin, Arnon Milchan and Rupert Murdoch.
Mnuchin, the very social but publicity-shy Secretary of the Treasury, has co-financed and produced movies like Gravity and Dunkirk while hanging with Brett Ratner and his Warner Bros friends. But now that he’s steering delicate trade negotiations with China, these ties are raising conflict-of-interest questions that Congress is actively probing.
Milchan’s financial “take” from Bohemian Rhapsody should rival that of any other producer in Hollywood history and further lift his profile as a movie mogul. The problem: All that also focused attention on bribery allegations made by Israeli criminal investigators – charges that could next month unravel the present Israeli regime and curtail Milchan’s formidable political clout.
Mnuchin, the very social but publicity-shy Secretary of the Treasury, has co-financed and produced movies like Gravity and Dunkirk while hanging with Brett Ratner and his Warner Bros friends. But now that he’s steering delicate trade negotiations with China, these ties are raising conflict-of-interest questions that Congress is actively probing.
Milchan’s financial “take” from Bohemian Rhapsody should rival that of any other producer in Hollywood history and further lift his profile as a movie mogul. The problem: All that also focused attention on bribery allegations made by Israeli criminal investigators – charges that could next month unravel the present Israeli regime and curtail Milchan’s formidable political clout.
- 3/21/2019
- by Peter Bart
- Deadline Film + TV
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