"Howard Peter Guber" is an Chief executive officer/executive, entrepreneur and Number One New York Times bestselling author. He is Chairman and CEO of Mandalay Entertainment. Guber's most recent films from Mandalay Entertainment include The Kids Are All Right (film)/The Kids Are All Right, Soul Surfer, and Bernie (2011 film)/Bernie. He has also produced Rain Man, Batman (1989 film)/Batman, The Color Purple (film)/The Color Purple, Midnight Express (film)/Midnight Express, Gorillas in the Mist: The Story of Dian Fossey, The Witches of Eastwick (film)/The Witches of Eastwick, Missing (film)/Missing and Flashdance. Guber's films have earned over $3 billion worldwide and 50 Academy Award nominations.

Guber is also a co-owner of three professional sports teams: the Golden State Warriors of the National Basketball Association (NBA) the Los Angeles Dodgers of Major League Baseball and the Los Angeles Football Club of Major League Soccer.

Guber is Chairman of Dick Clark Productions, which produces the American Music Awards, Golden Globe Awards, and other programs. He is Chairman of NASDAQ’s Mandalay Digital Media and Mandalay Sports Media. He is a professor at the UCLA School of Theater Film and Television and the Anderson School of Management and an Entertainment and Media Analyst for Fox Business News.

More Peter Guber on Wikipedia.

Not withstanding the kudos, these are niche films and their audience remains unchanged.

People making films today are willing to use more current material because the film's life is so much shorter.