For many who know Milchan, that means talking about one of the 120-plus films he's produced since launching the privately held New Regency in 1991.
New Regency's agreement with 20th Century Fox expires in three years.
New Regency owned the movie rights and the profits or losses.
In 1996, for example, New Regency started investing in Puma, the German athletic footwear company, with the idea of cross-promoting the talent of such stars as Venus and Serena Williams on the court and on the silver screen.
Milchan gets on the speakerphone, calls an assistant at New Regency Enterprises, his production company, and asks to be connected to some people who earlier that day had discussed his investing in a national media company whose name Milchan would prefer not to see in print.
For instance, it helped the Hyatt hotel chain name a new property Hyatt Regency Trinidad instead of Hyatt Regency Port of Spain.
Renovation is not quite accurate - after being devastated by Hurricane Katrina, the 30-year old Hyatt Regency New Orleans basically needed to be rebuilt.
In addition to putting in the new infrastructure, he has used the regency's windfall to abolish tuition fees at local schools.
At Toll's Regency at Monroe community in New Jersey, the 40, 000-square-foot clubhouse includes a tennis pavilion, a billiards room and a fitness center.
The Hyatt Regency has immediately become the headquarters hotel for most national sporting events that have come to New Orleans, including recent Super Bowl XLVII.
Business travellers may also check in at the classy 260-room Leela Palace New Delhi near the Presidential Palace, with its oversized 51sqm guestrooms, or the modern 507-room Hyatt Regency Delhi, one of the largest five-star hotels in town.
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