I Oughta Be In Pictures

Don't expect John Malone to show up anytime soon glad-handing Brad and Angelina on the red carpet. The billionaire dealmaker,whose Liberty Media Corp. (LCAPA ) owns pieces of lots of media companies, has famously stayed away from the all-too-risky moviebusiness--once guffawing that "if I wanted to lose money, I'd go to the track." But last year, Malone decided to make a good-size wageron the long-shot art of filmmaking, bankrolling former MGM Co-Chairman Chris McGurk's Overture Films. "He got the business planimmediately," says McGurk. "He could see the upside."