Arnold Leaves Planet

11/06/1998 at 12:00 AM EST

It's over between Arnold Schwarzenegger and Planet Hollywood. The action star said Tuesday that he is terminating his five-year contract with the financially troubled theme-restaurant chain. "It was lots of fun and very challenging to come up with and develop the celebrity restaurant concept on an international level," said Schwarzenegger, who has sold his interest in the Orlando-based company. "Of course, I am disappointed that the company did not continue with the success I had expected and hoped for." There's been no word on whether or not other members of the original celebrity group of investors -- Sylvester Stallone, Whoopi Goldberg, Demi Moore and Bruce Willis -- will follow Arnold's example and back out of their association with the chain, which only last week emerged from federal bankruptcy court.

Your Reaction

Follow Us

On Newsstands Now

Robin Roberts: How Loved Saved Me
  • Robin Roberts: How Loved Saved Me
  • Emma and Andrew: All About Hollywood's Cutest Couple
  • Prince George! More Yummy Photos

Pick up your copy on newsstands

Click here for instant access to the Digital Magazine


From Our Partners

Watch It

Editors' Picks

From Our Partners

Sign up for our daily newsletter and other special offers.
    Choose your newsletters
Thank you for signing up! Your request may take up to one week to be processed.
    see all newsletters