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Joe Calabrese, partner, O’Melveny & Myers

Dealmakers Impact Report 2011: Lawyers

Calabrese says he felt “like I won a gold medal” when he closed a $4.38 billion deal between client the Intl. Olympic Committee and NBC, which will bring the 2014, 2016, 2018 and 2020 Games to the network.

“The IOC is a not-for-profit, and it’s nice to handle an organization that’s not simply motivated by the money but by the power of getting kids engaged in amateur sports,” Calabrese says. “The Olympic movement is about fitness and kids.”

KEY DEALS: Calabrese reps another not-for-profit, the Hollywood Foreign Press Assn., which is suing Dick Clark Prods. over which entity retains the right to determine who will broadcast the HFPA’s Golden Globes kudocast. The two sides will face off in court on Jan. 24. At stake: a couple of hundred million dollars, given that the show generates $20 million-$30 million annually.

In addition, Calabrese worked closely with colleague Robert Haymer on creating the framework for Open Road, which teams exhibitors AMC and Regal on a distribution venture that will put eight-10 films per year through the company’s pipeline.

“It’s been one helluva year,” quips Calabrese. “It’s hard to pick any one deal out of the hopper. Open Road, like most of my deals, is very unique, which is one of the things I like most about this practice.”

SPARE TIME: Traveling, tinkering with old cars.

TOP CAUSES: Obama’s re-election bid, Constitutional Rights Foundation

Return to the Dealmakers Impact Report 2011 >>

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