Olsens take control of media empire

[BJ_M]

I know this stuff is of particular interest to certain members here:

Twins give 'handsome' buyout to longtime attorney-partner who helped build global marketing company.
January 28, 2005: 10:12 AM EST

LOS ANGELES (Reuters) - Teen moguls Mary-Kate and Ashley Olsen have taken full control of their billion-dollar media empire a few years ahead of schedule by buying out the attorney who helped turn them into global icons, the parties said Thursday.

Robert Thorne said the 18-year-old twins approached him to buy his "very substantial minority stake" in their privately held vehicle Dualstar LLC, where he had risen to CEO during a lucrative 15-year relationship.

"The decision was to respect their desire to take the helm perhaps a few years earlier than I had anticipated," Thorne told Reuters. "But I didn't want to stand in their way provided that I was taken care of, as I was handsomely."

Thorne, 50, declined to reveal the size of his stake or how much he was paid. He will serve as a consultant to the Olsens for several months before turning his attention to consulting and management in fashion and entertainment.

Dualstar, with staffers in Los Angeles, New York and London, targets young girls with home videos, CDs, books, apparel, fragrances and Barbie dolls, all bearing the twins' image. Fortune magazine last year estimated they were worth $137 million each.

After finding fame as toddlers on the TV series "Full House," the Olsens made few missteps until last year's box-office bomb "New York Minute" and Mary-Kate's widely publicized admission of an eating disorder. Both are students at New York University.

Joining her sister in a statement, Mary-Kate Olsen said: "We are very thankful that we are able to enjoy our college experience, run a business, and live our lives." Top of page

[Capmaster]

Thorne said the 18-year-old twins ....... where he had risen to CEO during a lucrative 15-year relationship

Anyone remember Omen 3?

[BJ_M]

http://imdb.com/title/tt0082377/?fr=c2l0ZT1kZnxteD0yMHxzZz0xfGxtPTIwMHx0dD1vbnxwbj0wfH...=18;ft=21;fm=1

[shelbyGT]

I'll date them regardless of money

[tgpo]

I'll date them regardless of money

But would they date you is the question

[shelbyGT]

If they knew what's good for 'em!

[pacmania_2001]

[jimmalenko]

Is the Olsen twins chop considered bad form here now ?

[Ripper2860]

I'll date them regardless of money

I thought you only dated strippers ???





J/K --

[pacmania_2001]

Is the Olsen twins chop considered bad form here now ?

I wouldn't object.

Don't know about others though.

[jimmalenko]

it's censored ...

but given the shift change, who knows ?

[BJ_M]

phhttt - so old now (the pic - not them)

[yoda313]

Hello,

particular interest to certain members here

I think that's singular as in CAPMASTER

Kevin

(I'll still coughadmirecough them - just not as much as cappy over there )

[zzyzzx]

I'll date them regardless of money

But would they date you is the question

No. Duh.

[zzyzzx]

it's censored ...

but given the shift change, who knows ?

Then post it in the censored pics thread in OT over at Politick...

[jimmalenko]

it's censored ...

but given the shift change, who knows ?

Then post it in the censored pics thread in OT over at Politick...

will do

[mrtristan]

Bad move. They probably bought his shares for more than they're worth and will continue to pay for his services. Now they're out that money just to be able to say that they own all of their business. From what I read, the attorney will be doing exactly the same thing, he's just richer.

[ZAPPER]

Ain't no doubt that looking at them now they have all of the right parts in all the right places. And while the beast in me says hell yea! I keep getting flashbacks to them being babies. Something very disturbing in my mind. To quote the "Who" "I got morales, but don't know how or why" Man I need help!

[ViRaL1]

Ain't no doubt that looking at them now they have all of the right parts in all the right places. And while the beast in me says hell yea! I keep getting flashbacks to them being babies. Something very disturbing in my mind. To quote the "Who" "I got morales, but don't know how or why" Man I need help!

I get the same way about Kirsten Dunst, although she was 12 in Interview....

[lordsmurf]

Anorexics are not attractive.

[pacmania_2001]

Anorexics are not attractive.

Built for speed, not for comfort.

[ZAPPER]

Anorexics are not attractive.

Yea, but give them a few years. It is easier to fatten them up a little than it is to take it off of them.

Good to see you around Lordsmurf. I haven't been to the real forums much latley.

[jimmalenko]

Anorexics are not attractive.

Yea, but give them a few years. It is easier to fatten them up a little than it is to take it off of them.

There's nothing like a few protein shakes to fatten them up

[yoda313]

Anorexics are not attractive.

Yea, but give them a few years. It is easier to fatten them up a little than it is to take it off of them.

There's nothing like a few protein shakes to fatten them up

Hello,

Or BON-BON's

Kevin

[handyguy]

They are going to pose for Playboy in April.

Just kidding

"Built for speed, not for comfort."

You think they took some (speed)?