Friday, April 29, 2011

Michael Ovitz helps eBay in purchasing Mobile Payments start up FigCard

Michael Ovitz appeared in the news yesterday in this article in Boston.com. Ovitz was apparently an integral player in the acquisition of FigCard by eBay, helping introduce the key players in the deal:
"Asked how the deal happened, Metral said that Hollywood power player Mike Ovitz, an acquaintance of his, introduced him to eBay chief executive John Donahoe."
Fig Card is "an extremely easy way for merchants to accept mobile payments in stores by using a simple and very low cost USB device that plugs into the cash register or point-of-sale terminal. All the consumer needs is the Fig app on his or her smart phone."

The acquisition of Fig Card is further elaborated upon in this blog entry at PayPal, welcoming Max Metral and Hasty Granbery to the team, excerpt as follows:
"In my job, I get the opportunity to talk with a lot of merchants. And they see the same thing we do…retail is changing quickly. The lines between online and offline commerce continue to blur – thanks in large part to technology innovation in mobile. PayPal is extremely focused on being at the center of this new retail landscape and driving innovation in mobile payments. That’s why I’m so excited to announce that PayPal has acquired Fig Card and welcomes two innovators and entrepreneurs to the PayPal Mobile team – Max Metral and Hasty Granbery."

If you have a smartphone, it is quite clear that this is the future in commerce. The marriage of a simple, easy, and cardless online shopping process with brick-and-mortar business transactions is long overdue. It is these sorts of companies we imagine will fuel consumer spending as retailers harness the potential of digital technology.

Tuesday, April 19, 2011

Pool Room seat makes Splash

Michael Ovitz appeared in this amusing N.Y. Post article today:

"Uber-agent Michael Ovitz and Four Seasons co-owner Julian Niccolini dueled with wisecracking "legal" letters after Ovitz was seated in the restaurant's Pool Room instead of the mogul-packed Grill Room.

Ovitz, the co-founder of Creative Artists Agency, who's represented the likes of Tom Cruise, Dustin Hoffman and Michael Douglas, was sent to the Pool Room on Thursday after the Grill Room was overbooked -- and decided to dish up some fun with co-owner Niccolini. He fired off a letter from fictitious lawyer I. Really Cheatham of the "firm" made famous by the Three Stooges -- Dewey, Cheatham & Howe -- claiming Ovitz suffered "significant, physical, emotional, and financial injury."

"My client is a temperature-sensitive individual whose primary residence is in balmy California. Thus, for purely medical reasons, it is critical that he be able to bask in the warmth of your hospitality and charm," wrote Cheatham. The "glowing embers of celebrity and power with which you populate the Grill Room have the additional benefit of maintaining [Ovitz's] lobster miso soup at an agreeable temperature."

Niccolini's "laywer," Pinky Plushbottom, hit back that Ovitz's "open-toed shoes during a dignified business lunch" caused "disruptive and inappropriate hysteria. When this riot-like stampede of panty-tossing 20-somethings appeared for the third time and confided in the doorman that they suffer a magnetic attraction to Mr. Ovitz's Prada shoes, my client had no choice but to ban him from the Grill Room."

Until Ovitz changes his shoes, Plushbottom wrote, "Mr. Niccolini will continue to seat Mr. Ovitz near the Pool, where he can reflect on the potential for catastrophic lawsuits that could result if and when one of these scantily clad damsels trips and injures herself while trying to get a tawdry peep show photo of Mr. Ovitz's fastidiously groomed feet . . . should this occur, Mr. Ovitz runs the risk of finding himself and his questionable footwear choices splashed across Page Six."

Read the full article here.

Michael Ovitz Sells the Ice House

Recently in the news: Michael Ovitz and co-owners are selling the Beverly Hills headquarters of Live Nation, a 57,111-square-foot building located on Civic Center Drive and known as 'The Ice House' (for its original use as an ice storage facility dating to 1925), according to this post in the Hollywood Reporter.

Read the full article here.

Wednesday, April 13, 2011

Michael Ovitz - Jasper Johns 'White Flag'

We've featured this L.A. Times article on the Michael Ovitz owned Jasper Johns before, however today we're fortunate enough to include actual photographs of Ovitz' 'White Flag' as well as additional information on Jasper Johns the artist.

While the photograph of 'White Flag' is incredibly striking, it is obvious because of the rich textural detail there is no substitute for viewing the work in person.

On Jasper Johns
"He is best known for his painting Flag (1954–55), which he painted after having a dream of the American flag. His work is often described as a Neo-Dadaist, as opposed to pop art, even though his subject matter often includes images and objects from popular culture. Still, many compilations on pop art include Jasper Johns as a pop artist because of his artistic use of classical iconography.

Early works were composed using simple schema such as flags, maps, targets, letters and numbers. Johns' treatment of the surface is often lush and painterly; he is famous for incorporating such media as encaustic and plaster relief in his paintings. Johns played with and presented opposites, contradictions, paradoxes, and ironies, much like Marcel Duchamp (who was associated with the Dada movement). Johns also produces intaglio prints, sculptures and lithographs with similar motifs.

Johns' breakthrough move, which was to inform much later work by others, was to appropriate popular iconography for painting, thus allowing a set of familiar associations to answer the need for subject. Though the Abstract Expressionists disdained subject matter, it could be argued that in the end, they had simply changed subjects. Johns neutralized the subject, so that something like a pure painted surface could declare itself. For twenty years after Johns painted Flag, the surface could suffice - for example, in Andy Warhol's silkscreens, or in Robert Irwin's illuminated ambient works.

Abstract Expressionist figures like Jackson Pollock and Willem de Kooning ascribed to the concept of a macho "artist hero," and their paintings are indexical in that they stand effectively as a signature on canvas. In contrast, Neo-Dadaists like Johns and Rauschenberg seemed preoccupied with a lessening of the reliance of their art on indexical qualities, seeking instead to create meaning solely through the use of conventional symbols. Some have interpreted this as a rejection of the hallowed individualism of the Abstract Expressionists. Their works also imply symbols existing outside of any referential context. Johns' Flag, for instance, is primarily a visual object, divorced from its symbolic connotations and reduced to something in-itself."

Link to the full Jasper Johns wikipedia entry here.

In the above image we see the rich textural details of 'White Flag.'

Click here to view the entire L.A. Times article on the Michael Ovitz Jasper Johns flag, including information about Johns' various other flag works.

View the L.A. Times article