In his Jan. 19 "Left Coast Report," Newsmax's James Hirsen makes a big deal out of how a Jewish group critical of Glenn Beck "gets its money from [George] Soros’ Open Society Institute." Hirsen added that "Soros is increasingly becoming a player in the media, particularly within the film industry," citing as evidence that "In 2006 Soros shelled out $900 million for 59 films that constitute the DreamWorks SKG library, obtaining a valuable set of film rights while gaining a power position as an entertainment media mogul."
What Hirsen forgot to mention: About a year ago, Soros sold its majority interest in the DreamWorks library to Viacom, from which it purchased the stake in 2006. So that wipes out that talking point.
In touting how Soros "can pull a lot of strings" through his stakes in entertainment ventures, Hirsen failed to mention the political moneybags with the biggest entertainment industry stake: Right-wing billionaire Philip Anschutz. His company, Walden Media, is the producer of films such as the "Chronicles of Narnia" series, his Anschutz Entertainment Group owns numerous sports teams and arenas, and his Regal Entertainment Group is the largest theater chain in the country. Nothing Soros has done in the entertainment sphere approaches Anschutz.