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DreamWorks kills studio plan
LAP99070301 - 03 July 1999 - LOS ANGELES, CALIFORNIA, USA: Citing financing problems, DreamWorks SKG scrapped its proposed $250 million studio lot at Playa Vista on Thursday, ending a nearly 4-year-old effort to build what would have been Hollyood's first major studio since the Great Depression. Pictured left to right are the studio's founders, longtime Hollywood executive Jeffrey Katzenberg, diector Steven Spielberg and entertainment mogul David Geffen after announcing in 1992 the formation of their partnership. Spielberg was epecially enthralled with the idea of building a modern studio lot unlike the early Hollywood lots that he likened to Detroit's auto factories. Geffen was against it from the start and Katzenberg was ambivalent. jr/Jim Ruymen UPI
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David Geffen (born February 21, 1943) is an American record executive, film producer, theatrical producer and philanthropist. Geffen is noted for creating Asylum Records in 1970 (which was sold to the Warner Music Group who merged it with Elektra Records in 1972 to form Elektra/Asylum Records), and Geffen Records in 1980, along with his later role as one of the three founders of DreamWorks SKG in 1994.

Geffen was born in Brooklyn, New York, to Abraham Geffen and Batya Volovskaya. Both were immigrants who met in British-mandated Palestine (before the establishment of the State of Israel) and then moved to Brooklyn. Geffen graduated from New Utrecht High School in Brooklyn, then attended Santa Monica College (then known as Santa Monica City College) but soon left. He then attended night school at Brooklyn College for three semesters before again dropping out. He also briefly attended the University of Texas at Austin. His mother owned a clothing store, Chic Corsets By Geffen, in Borough Park, Brooklyn. David's older brother Mitchell Geffen was an attorney who attended UCLA Law School and later settled in Encino, California. Mitchell Geffen fathered two daughters, who are David's closest surviving relatives.

Geffen began his entertainment career in the mailroom at the William Morris Agency, where he quickly became an agent. In order to obtain the WMA job, he had to show proof of graduating college. Geffen forged a letter and submitted it to WMA. His colleagues in the mailroom included Elliot Roberts, who later became David Geffen's partner in a management company. He left William Morris to become a personal manager and was immediately successful with Laura Nyro and Crosby, Stills and Nash. In the process of looking for a record deal for young Jackson Browne, Ahmet Erteg√ľn suggested that Geffen start his own record label.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "David Geffen."
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