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Frederick Woodruff "Ted" Field (born June 1, 1953) is an American media mogul, record executive, entrepreneur and film producer. He founded Interscope Communications to develop and produce films in 1982, and produced his first hit, '' Revenge of the Nerds'', the same year. Seven years later, he co-founded
Interscope Records Interscope Records is an American record label based in Santa Monica, California, owned by Universal Music Group through its Interscope Geffen A&M imprint. Founded in late 1990 by Jimmy Iovine and Ted Field as a $20 million joint venture ...
with
Jimmy Iovine James Iovine ( ; born March 11, 1953) is an American entrepreneur, former Music executive, record executive, and media proprietor. He is the co-founder of Interscope Records and became chairman and CEO of Interscope Geffen A&M Records, Interscop ...
in 1989. He is an heir of the
Marshall Field Marshall Field (August 18, 1834January 16, 1906) was an American entrepreneur and the founder of Marshall Field's, Marshall Field and Company, the Chicago-based department stores. His business was renowned for its then-exceptional level of qua ...
family.


Early life

Field was born on June 1, 1953, in
Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...
,
Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its ...
, the son of Marshall Field IV, who owned the ''
Chicago Sun-Times The ''Chicago Sun-Times'' is a daily nonprofit newspaper published in Chicago, Illinois, United States. Since 2022, it is the flagship paper of Chicago Public Media, and has long held the second largest circulation among Chicago newspaper ...
'' from 1956 to 1965, and Katherine Woodruff Fanning, who was later an editor of several newspapers. 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 Anchorage, officially the Municipality of Anchorage, is the List of cities in Alaska, most populous city in the U.S. state of Alaska. With a population of 291,247 at the 2020 United States census, 2020 census, it contains nearly 40 percent of ...
. Field's mother and Larry Fanning purchased the ''
Anchorage Daily News The ''Anchorage Daily News'' is a daily newspaper published by the Binkley Co., and based in Anchorage, Alaska. It is the most widely read newspaper and news website (adn.com) in the state of Alaska. The newspaper is headquartered in Anchorage, ...
'' 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 McClatchy Media Company, or simply McClatchy and MCC, is an American publishing company incorporated under Delaware's General Corporation Law. Originally based in Sacramento, California, United States, and known as The McClatchy Company, it b ...
. She remained as publisher until 1983. Field attended
Pomona College Pomona College ( ) is a private university, private Liberal arts colleges in the United States, liberal arts college in Claremont, California. It was established in 1887 by a group of Congregationalism in the United States, Congregationalists ...
in
Claremont, California Claremont () is a suburban city in eastern Los Angeles County, California, United States, east of Los Angeles. It lies in the Pomona Valley at the foothills of the San Gabriel Mountains. As of the 2010 United States Census, 2010 census it had ...
, graduating in 1979.


Career


Interscope Racing

Field's Interscope Racing started off entering Danny Ongais in
Formula 5000 Formula 5000 (or F5000) was an Open-wheel car, open wheel, single seater auto-racing formula that ran in different series in various regions around the world from 1968 to 1982. It was originally intended as a low-cost series aimed at open-wheel ...
in 1975, graduating to USAC racing and the
Indianapolis 500 The Indianapolis 500, formally known as the Indianapolis 500-Mile Race, and commonly shortened to Indy 500, is an annual automobile race held at the Indianapolis Motor Speedway in Speedway, Indiana, United States, an enclave suburb of Indian ...
in Parnelli chassis. Field also funded Ongais to make occasional
Formula One Formula One (F1) is the highest class of worldwide racing for open-wheel single-seater formula Auto racing, racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one ...
outings in a Penske during the 1977 season. Field also backed the construction in 1980 of an Interscope chassis designed by Roman Slobodynskyj for the
Indianapolis 500 The Indianapolis 500, formally known as the Indianapolis 500-Mile Race, and commonly shortened to Indy 500, is an annual automobile race held at the Indianapolis Motor Speedway in Speedway, Indiana, United States, an enclave suburb of Indian ...
. This was intended to take a turbocharged six-cylinder
Porsche Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see below), is a German automobile manufacturer specializing in luxury, high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. Th ...
engine (similar to the one Ongais and Field were using in their
Porsche 935 The Porsche 935 is a race car that was developed and manufactured by German automaker Porsche. Introduced in 1976 as the factory racing version of the Porsche 911 (930), 911 (930) Turbo and prepared for Fédération Internationale de l'Automobile, ...
) but a dispute with USAC over turbo boost meant the program was abandoned. The car was eventually fitted with a conventional Ford
Cosworth Cosworth is a British automotive engineering company founded in London in 1958, specialising in high-performance internal combustion engines, powertrain, and electronics for auto racing, automobile racing (motorsport) and mainstream Automotiv ...
DFX engine and entered in the 1981 500. Ongais led the race but crashed and was critically injured. In 1982 a recovered Ongais gave the car one last start at Indy but that too ended with an accident.


Interscope Communications

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 A movie camera (also known as a film camera and cine-camera) is a type of photographic camera that rapidly takes a sequence of photographs, either onto film stock or an image sensor, in order to produce a moving image to display on a screen. In c ...
manufacturer
Panavision Panavision Inc. is an American motion picture equipment company (law), company founded in 1954 specializing in cameras and photographic lens, lenses, based in Woodland Hills, Los Angeles, Woodland Hills, California. Formed by Robert Gottschalk a ...
. In 1987, Panavision was sold to Lee International. In 1992, PolyGram bought a controlling interest in the film label. In December 1998,
Seagram The Seagram Company Ltd. (which trade name, traded as Seagram's) was a Canadian multinational beverage and during the last few years of its existence, entertainment Conglomerate (company), conglomerate formerly headquartered in Montreal, Quebec. ...
acquired PolyGram, merging its film division with
Universal Pictures Universal City Studios LLC, doing business as Universal Pictures (also known as Universal Studios or simply Universal), is an American filmmaking, film production and film distribution, distribution company headquartered at the 10 Universal Ci ...
. As a result, Interscope Communications, October Films and
Gramercy Pictures Gramercy Pictures was an American film production label. It was founded on May 20, 1992 as a joint venture between PolyGram Filmed Entertainment and Universal Pictures. Gramercy was the distributor of PolyGram films in the United States and Canada ...
were sold off to
Barry Diller Barry Charles Diller (born February 2, 1942) is an American billionaire businessman. He is chairman and senior executive of IAC and Expedia Group and founded the Fox Broadcasting Company with Rupert Murdoch and USA Broadcasting. Diller was ind ...
, who owned HSN, which in turn, had a major stake in
USA Network USA Network (or simply USA) is an American basic cable television channel owned by the NBCUniversal Media Group division of Comcast's NBCUniversal. It was launched in 1977 as Madison Square Garden Sports Network, one of the first national sports ...
s. In 1999, the three labels were merged to become USA Films. In 2001, Universal Pictures bought USA from Diller and in 2002, combined USA Films, Universal Focus and Good Machine Releasing to become
Focus Features Focus Features LLC is an American independent film production and distribution company, owned by Comcast as a unit of Universal Pictures, which is itself a unit of Comcast's division NBCUniversal. Focus Features distributes independent and fore ...
.


Interscope Records

In 1989, he and record executive
Jimmy Iovine James Iovine ( ; born March 11, 1953) is an American entrepreneur, former Music executive, record executive, and media proprietor. He is the co-founder of Interscope Records and became chairman and CEO of Interscope Geffen A&M Records, Interscop ...
co-founded
Interscope Records Interscope Records is an American record label based in Santa Monica, California, owned by Universal Music Group through its Interscope Geffen A&M imprint. Founded in late 1990 by Jimmy Iovine and Ted Field as a $20 million joint venture ...
. The label sustained a distribution deal with
Atlantic Records Atlantic Recording Corporation (simply known as Atlantic Records) is an American record label founded in October 1947 by Ahmet Ertegun and Herb Abramson. Over the course of its first two decades, starting from the release of its first recor ...
, but in 1995, became a free agent following controversy surrounding Interscope's signage of gangster rappers including
Dr. Dre Andre Romell Young (born February 18, 1965), known professionally as Dr. Dre, is an American rapper, record producer, record executive, and actor. He is the founder and CEO of Aftermath Entertainment and Beats Electronics, and co-founder of ...
and
Suge Knight Marion Hugh "Suge" Knight Jr. ( ; born April 19, 1965) is an American former record executive, former National Football League, NFL player, and convicted felon, who is the co-founder and former CEO of Death Row Records. Knight was a central f ...
's
Death Row Records Death Row Records is an American record label that was founded in 1991 by The D.O.C., Dr. Dre, Suge Knight, and Dick Griffey. The label became a sensation by releasing multi-platinum hip-hop albums by West Coast-based artists such as Dr. D ...
. The label was shortly bought by MCA Inc. for $200 million. In 1996, following a sale to
Seagram The Seagram Company Ltd. (which trade name, traded as Seagram's) was a Canadian multinational beverage and during the last few years of its existence, entertainment Conglomerate (company), conglomerate formerly headquartered in Montreal, Quebec. ...
by Matsushita Electric (parent company of
Panasonic is a Japanese multinational electronics manufacturer, headquartered in Kadoma, Osaka, Kadoma, Japan. It was founded in 1918 as in Fukushima-ku, Osaka, Fukushima by Kōnosuke Matsushita. The company was incorporated in 1935 and renamed and c ...
), MCA was rebranded as
Universal Pictures Universal City Studios LLC, doing business as Universal Pictures (also known as Universal Studios or simply Universal), is an American filmmaking, film production and film distribution, distribution company headquartered at the 10 Universal Ci ...
, and its MCA Music Entertainment faction was renamed
Universal Music Group Universal Music Group N.V. (often abbreviated as UMG and referred to as Universal Music Group or Universal Music) is a Netherlands, Dutch–United States, American multinational Music industry, music corporation under Law of the Netherlands, ...
. Then, in December 1998, Seagram acquired PolyGram and merged its music division of labels with Universal Music Group, resulting in Interscope, on January 1, 1999, being merged into
Geffen Records Geffen Records (formerly The David Geffen Company from 1980 to 1992 and Geffen Records Inc. from 1993 to 2004) is an American record label, founded in late 1980 by David Geffen. Originally a music subsidiary of the company known as Geffen Pi ...
and
A&M Records A&M Records is an American record label owned by Universal Music Group and functions as a branch of Interscope Geffen A&M Records, Interscope-Geffen-A&M. Established in 1962 by Herb Alpert and Jerry Moss, the label initially operated independent ...
to become
Interscope Geffen A&M Records Interscope Geffen A&M Records (IGA) is an American umbrella label operating as a unit of Interscope Capitol Labels Group, owned by Universal Music Group. It currently consists of record labels Interscope Records (with its subsidiary, A&M Records) ...
. He and Iovine were co-chairmen of IGA. After leaving Interscope in February 2001, he and
Marc Geiger Marc Geiger is an American music executive and entrepreneur. The CEO and co-founder of SAVELIVE, a platform created in 2020 to help live music venues recover from the impact of the COVID-19 pandemic, Geiger co-founded Lollapalooza and ARTISTdire ...
formed
Artistdirect Artistdirect (stylized as ARTISTdirect) is an American online digital media entertainment company. Overview Founded in 1996, it owns several websites, including artistdirect.com and artistdirectinterviews.com. These websites are a group of affi ...
Records with the backing of BMG's
RCA Records RCA Records is an American record label owned by Sony Music Entertainment, a subsidiary of Sony Group Corporation. It is one of Sony Music's four flagship labels, alongside Columbia Records (its former longtime rival), Arista Records and Epic R ...
. The label folded in 2003.


Radar Pictures

Since forming the company in late 2000, Field is currently chairman and CEO of Radar Pictures. The company initially used Interscope's library for the company's development slate. Field and Radar Pictures have faced legal action in years between 2007 and 2019 over allegations of fraudulent misconduct. In December 2016, Field and his company assigned profits from then-upcoming '' Jumanji: Welcome to the Jungle'' (2017), to Filmula Entertainment, to satisfy a breach-of-contract over the unsuccessful reboot of Trauma Records.


Personal life

From 1984 to 1998, he owned a mansion formerly owned by
Howard B. Keck Howard Brighton Keck (September 20, 1913 – December 14, 1996) was an American businessman. He was also a Thoroughbred horse racing, racehorse owner and breeder, and the owner of an auto racing team that twice won the Indianapolis 500. Early ...
located at 1244 Moraga Drive in the gated community of Moraga Estates in Bel Air, California. From 1986 through 1993, Field owned the Harold Lloyd Estate (also known as Green Acres) in Beverly Hills, California.''
Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...
'', August 1998, p. 3
Los Angeles (magazine)
/ref> Field is a tournament chess player who sponsored the 1990 World Chess Championship in NYC between Garry Kasparov and Anatoly Karpov. He is currently developing a movie about former world chess champion
Magnus Carlsen Sven Magnus Øen Carlsen (born 30 November 1990) is a Norwegian Grandmaster (chess), chess grandmaster. Carlsen is a five-time World Chess Championship, World Chess Champion, five-time World Rapid Chess Championship, World Rapid Chess Champio ...
.


Racing record


24 Hours of Le Mans results


Filmography (producer)

He was a producer in all films unless otherwise noted.


Film

;Thanks


Television

;As an actor


See also

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


References


External links

* * Filmbug
Ted Field biography
{{DEFAULTSORT:Field, Ted 1953 births 24 Hours of Daytona drivers 24 Hours of Le Mans drivers Film producers from Illinois Living people Racing drivers from Chicago Marshall Field family Pomona College alumni Formula One team owners IndyCar Series team owners Sports car racing team owners American animated film producers