NEW YORK — When studio moguls walk off the set for good, their prized corporate villas are often the next to go.
News that Bob Daly and Terry Semel will step down as co-chairmen of Warner Bros. is only six weeks old and reports are already circulating that the studio’s lavish mansion in Acapulco is on the market.
This couldn’t be confirmed as of late Friday, but the property would surely fetch a pretty penny. And a sale is clearly in keeping with the increased financial restraint of Warner Bros.’ new regime, led by Barry Meyer. Meyer doesn’t officially start his new job until October, but a little housecleaning never hurt.
The Acapulco domicile, replete with indoor tennis court, where the studio entertained a constant stream of stars, is a hand-me-down from the days of Steven Ross, the legendary Time Warner chairman who died in 1992. Time Warner’s current chief, Gerald Levin, and his handpicked studio head, Meyer, have a whole new style. Maybe there’s a time share available.