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From Wikipedia, the free encyclopedia

Ted Field
Born
Frederick Woodruff Field

(1953-06-01) June 1, 1953 (age 66)
ResidenceBeverly Hills, Los Angeles
Known forAn heir to the Field family fortune
Net worth$1.2 billion
Spouse(s)Judy Field (first marriage), Barbara Field (second marriage), Susan Bari Bollman Field (third marriage)
Children8
Parent(s)Marshall Field IV and Katherine Woodruff Field (later Fanning)

Frederick Woodruff "Ted" Field (born June 1, 1953[1]) is an American media mogul, entrepreneur and film producer.

He is an heir to the Field family fortune. At $1.2 billion, Field is No. 236 on the Forbes list of the 400 richest people.[2]

Early life

Field was born on June 1, 1953 in Chicago, Cook County, Illinois, the son of Marshall Field IV, who owned the Chicago Sun-Times from 1956 to 1965, and Katherine Woodruff Fanning, who was later an editor of several newspapers.[3]

Field's parents divorced when he was young. Field's mother then married Larry Fanning, who became Field's stepfather. Field, his sisters, his mother and his stepfather moved to Anchorage, Alaska. Field's mother and Larry Fanning purchased the Anchorage Daily News from founder Norman C. Brown in 1967. Larry Fanning died in 1971: Kay Fanning continued to operate the paper until 1979 when she sold it to The McClatchy Company. She remained as publisher until 1983.

Career

Field's Interscope Racing started off entering Danny Ongais in Formula 5000 in 1975, graduating to USAC racing and the Indianapolis 500 in Parnelli chassis. Field also funded Ongais to make occasional Formula One outings in a Penske during the 1978 season.

Field also backed the construction in 1980 of an Interscope chassis designed by Roman Slobodinskij for the Indianapolis 500. This was intended to take a turbocharged six-cylinder Porsche engine (similar to the one Ongais and Field were using in their Porsche 935) but a dispute with USAC over turbo boost meant the program was abandoned. The car was eventually fitted with a conventional Ford Cosworth DFX engine and entered in the 1981 500. Ongais led the race but crashed and was critically injured. In 1982 a recovered Ongias gave the car one last start at Indy but that too ended with an accident.

In 1982, Field founded Interscope Communications, which produced more than 50 major films. In 1984, Field was a leader of a group that bought movie camera manufacturer Panavision. In 1987, Panavision was sold to Lee International. In 1990, he co-founded Interscope Records. After abruptly leaving Interscope in January 2001, he formed ARTISTdirect Records with the backing of BMG. Ted Field is currently chairman and CEO of Radar Pictures.

Field and Radar Pictures have faced legal action in recent years over allegations of fraudulent misconduct.[4][5][6][7] In December 2016, Field and his company were ordered by a federal judge to assign profits from 11 films, including Sony's then-upcoming Jumanji: Welcome to the Jungle (2017), to producer Johnny Lin’s Filmula Entertainment, to satisfy a breach-of-contract judgment over the failed reboot of Trauma Records.[8][9]

Personal life

From 1984 to 1998, he owned a mansion formerly owned by Howard B. Keck located at 1244 Moraga Drive in the gated community of Moraga Estates in Bel Air, California.[10] He currently resides in Beverly Hills, California.

In 2018, he is number four on California Franchise Tax Board's Top 500 Delinquent Taxpayers list, personally owing the state more than $20,607,010.86 in personal income tax.[11]

Filmography (producer)

See also

  • Madsen, Axel. The Marshall Fields: The Evolution of an American Business Dynasty. Wiley: 2002.

References

  1. ^ Ted Field on 24 Heures en Piste
  2. ^ Forbes 400
  3. ^ Film Reference
  4. ^ Gardner, Eriq (January 11, 2017). "Movie Mogul Ted Field Set to Stand Trial for Fraud". The Hollywood Reporter.
  5. ^ Baccellieri, Emma. "The NHL's Weird Superhero Project Is Still Finding Ways To Fail". Deadspin. Retrieved April 25, 2017.
  6. ^ Gardner, Eric. "Hollywood Docket: Prince's Tidal Deal; Bob Marley Film Lawsuit; CBS Radio Win". The Hollywood Reporter. Retrieved April 25, 2017.
  7. ^ Maddaus, Gene (March 24, 2017). "Failed NHL Superhero Franchise Leads to $500,000 Judgment Against Producer". Variety. Retrieved April 25, 2017.
  8. ^ Patten, Dominic (January 6, 2017). "'Jumanji' EP Ordered To Pay Fees From Film To Creditor To Settle $2M Debt". Deadline Hollywood.
  9. ^ Gardner, Eriq. "How the New 'Jumanji' Saved a Broke "Billionaire"". The Hollywood Reporter. Retrieved January 24, 2018.
  10. ^ Los Angeles, August 1998, p. 38 Los Angeles (magazine)
  11. ^ https://www.ftb.ca.gov/aboutFTB/Delinquent-Taxpayers.shtml

External links

This page was last edited on 30 June 2019, at 16:27
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