Classifier Instance:

Anchor text: Mike Medavoy
Target Entity: Mike_Medavoy
Preceding Context: In late 1976, Bakshi learned that John Boorman was contracted to direct an adaptation of The Lord of the Rings, in which J. R. R. Tolkien's three-volume novel would be condensed into a single film. Bakshi arranged a meeting with
Succeeding Context: , United Artists' head of production, who agreed to let Bakshi direct in exchange for the $3 million that had been spent on Boorman's screenplay. Down the hall from Medavoy was Metro-Goldwyn-Mayer president Dan Melnick, who interrupted a meeting with Peter Bogdanovich when he learned that Bakshi wanted to discuss acquiring the rights to The Lord of the Rings. Melnick agreed to pay United Artists $3 million, but was soon fired; the project was canceled by his replacement, Dick Shepherd. Bakshi contacted Saul Zaentz, who wrote a check to cover MGM's debt and agreed to fund the $8 million budget for the first of what was initially planned as a series of three films, and later negotiated down to two. Before production began, Bakshi and Zaentz insisted that the Tolkien estate receive residuals from the film.
Paragraph Title: null
Source Page: Ralph Bakshi

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