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Money winners of 2008: Candy Spelling hits the jackpot -- again

This post is part of our feature on Money Winners of 2008. See all 20.

So what do you do for fun when you're worth $600 million? Gambling is one option. Though the thought of sitting in front of a slot machine in Vegas and feeding it quarter after quarter might be less than appealing for some, I suppose it would be different if each pull on the bandit's arm cost $1,000. And even if you don't need another penny in your bank account, it still might be kind of fun when the bells ring and the lights flash as you hit the jackpot.

This is what happened to multi-millionaire Candy Spelling this past year. She was reportedly playing high limit slots at the Bellagio Hotel in Las Vegas when she hit the jackpot. Her payout? A cool $180,000. (Though as TMZ points out, that's the equivalent of about $8 to us ordinary proles.)

Candy is of course the wife of legendary television producer Aaron Spelling, creator of such eternal classics as The Boy in the Plastic Bubble, Charlie's Angels, and Beverly Hills 90210, among many others. Together, the Spellings created another classic: their daughter Tori, actress and tabloid all-star. Aaron Spelling died in 2006, leaving an estate worth over half a billion dollars, famously controlled by his wife but not Tori.

Continue reading Money winners of 2008: Candy Spelling hits the jackpot -- again

CBS believes '90210' still has brand equity -- do you?

Do you remember the old Fox show Beverly Hills, 90210, the one that featured Shannen Doherty and Luke Perry? The CW, a joint venture between CBS (NYSE: CBS) and Time Warner (NYSE: TWX), certainly hopes you do. According to The Hollywood Reporter, an updated spinoff version is in the works by CBS Paramount Network TV.

The late, great TV producer Aaron Spelling gave us the original show back at the beginning of the 90s, and it was one of the programs that really defined and made News Corp. (NYSE: NWS)'s Fox network famous. I do remember the hype and excitement that surrounded the series and its stars; I also remember the controversies with Doherty, and the nepotism with the hiring of Spelling's daughter, Tori. All in all, it was an interesting project. If The CW can capture the magic of this old idea, then it will prove that mining library product is an efficient way of bringing in the ratings.

It'll be cool to see how a new set of 90210 brats utilize modern digital devices like YouTube, eBay, text messaging, etc. And it will be interesting to see how this new version fares; I'm sure there are plenty of blogs deriding this notion. But, like I said, this is all about making proper use of intellectual assets. CBS is the owner of Spelling Television's assets, and it would do well to mine whatever it can to compete against Disney (NYSE: DIS)'s ABC, General Electric (NYSE: GE)'s NBC, and Fox.

Disclosure: Steven Mallas owns Disney and GE; positions can change at any time.

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Last updated: February 12, 2012: 04:35 AM

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