Commentary: Holly goes golly over Bolly

June 26, 2008 Hollywood thrives on OPM, but few folks were prepared last week for the stunner that an Asian-based conglomerate that sounds like it should be in the insurance business but is actually best known for textiles and supermarkets was in talks to fork over a half-billion dollars to buy into the town's most iconic, independent-minded movie machine, namely DreamWorks. Fortunately, the company boasts a little subsidiary simply called Big Entertainment, which is the unit in talks with DreamWorks reps about an outright cash injection in the company set up 14 years ago by Steven Spielberg, David Geffen and Jeffrey Katzenberg. The former got oil, gas and farming; the latter lords over telecommunications, banking and entertainment.

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