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. Jinx: Do you think ' we 11 ever equal the 28 years of popularity achieved by the public's favorite sport series? . ^'-r^ QQ Grantland Rice Sportlights Produced by JACK EATON «^'^ They're an industry institution . . . reports on sports that are both completely authoritative and dramatically entertaining . . . Tex: News is my department , Jinx ... so I want to say that no film news coverage can compare with . . Paramount News The Eyes and Ears of the World 104 Issues— Plus 52 Issues of Canadian Paramount News > Jinx: Since we're a typical American family, Tex— let's make sure our favorite theatre in our home town, Manhasset, books all the ^
Skouras Reports on Economy: // Now Takes 20 Days Less To Shoot a 20th Feature NEW YORK— Spyros Skouras, president of 20th Century-Fox, in his annua! report to stockholders this week revealed the extent to which the company has been able to slice the cost of production. Pointing out that 18 pictures released in 1947 cost an average of $2,- 300,000, and took about 72 days to shoot, Skouras said that releases scheduled in 1948 cost an average of $1,900,000 and that those now before the cameras will cost an average of $1,600,000 with shooting schedules down to an average of 52 days per production. Emphasis these days, he said, is on intimate stories which do not require elaborate sets. Skouras brought out an interesting point. He revealed that 20th-Fox productions to be shot in England are being written in this country. The tempo, as a result, will be for American audiences—and, he added, whereever possible boxoffice names will be used in these British films. The 20th-Fox president also estimated that his company will receive about 22 per cent of the $17,000,000 to be pooled as American remittances in England. Included in the 22 per cent will be additional revenues from rentals earned by British-made films shown in this coimtry. The financial picture which was reported to stockholders showed a net profit for the company of $2,926,842.40 for the first three months of 1948, ending March 28. This was below the same period the preceding year by $2,970,761. The net for the first quarter of this year was at the rate of $1 per share on the common. For the same period last year the rate was $2.07 per share. Gross receipts from film rentals and the- Bidding Still Allowed, Says 20th-Fox Lawyer NEW YORK — Distributors are permitted to use competitive kidding or competitive negotiation despite the fact that bidding has been eliminated from the antitrust decree by the supreme court. This opinion was given by Otto Koegel, general counsel for 20th-Fox, at the annual stockholders' meeting May 18. He pointed out that bidding and competitive negotiation would probably be used where competing exhibitors are similarly situated. Koegel's views on bidding have been backed up by several other industry lawyers. RKO and Loew's are still undecided whether to continue competitive bidding, Warners and Paramount have stated they have never used bidding and do not intend to start now. Universal will probably continue bidding wherever it is now being used, but will not introduce it elsewhere. Columbia and United Artists will not use bidding. atres were $46,996,356.91 in the 1947 first quarter. For the first quarter of this year the gross receipts were $40,316,174.23. These figures were presented to the annual stockholders' meeting May 18 by Spyros P. Skouras, president. The slump, he said, was due principally to a falling off in foreign revenues. Domestic business was good during the period, he stated. Theatre receipts were off, but domestic film rentals were higher than in the previous year. Skoui-as predicted that the second quarter report would show a pickup in the earnings rate to $1.25 per share on the common, and that profits for the first 39 weeks of the year would equal the same period last year. The board of directors has declared a quarterly dividend of $1.12 li per share on the outstanding prior preferred, payable June 15 to stockholders of record on June 1. A quarterly dividend of .37 »- has been declared on the convertible preferred, payable June 30 to stockholders of record on June 7. On the common stock a quarterly dividend of 50 cents has been declared, payable June 30 to holders of record on June 7. Skouras was reelected president of the company by the board of directors, as were all other officers. Move to Settle 20th-Fox Stockholders' Suit NEW YORK—An out-of-court settlement of a stockholders' suit against 20th Century- Fox and National Theatres executives is to be sought, and whatever agreement is reached will be presented to stockholders for approval after it has been given court approval. The suits grew out of a bonus arrangement set up in 1944 for four National Theatres executives—Charles P. Skouras, president of National; Elmer C. Rhoden, president of Pox Midwest; F. H. Ricketson jr., president of Fox Intermountain, and Harold J. Fitzgerald, president of Fox Wisconsin. Forty shares of "B" stock were created and sold to these executives for $565,000. These shares were to be convertible into a 20 per cent interest in National Theatres on payment of an additional $5,650,000, but could not be sold until National Theatres had been given an opportimity to meet any outside offer. When the three-judge expediting court handed down a decision setting up the 95 per cent—five per cent ruling on theatre ownerships a new situation was created. Some months later Ti-ansamerica Corp. offered the four executives $7,415,000 for their holdings. This offer was reported to National Theatres which promptly equaled it and reacquired the stock. Later an arrangement was made for the purchase of 240,000 shares of 20th-Fox common by 20 officers and employes of National Theatres and 20th-Fox. The suits were filed by six stockholders and examinations of a number of officers of the company have already taken place. Skouras Sees No Loss From Divorcement NEW YORK—Divestiture will not hurt 20th-Fox, Spyros P. Skouras, president, told the .stockholders at the annual meeting May 18. He predicted the company would be able to get a good price for its theatres and that film rentals would rise as a result of divorcement. Skouras said that conipany officials were studying Spyros Skouras ways of selling the National Theatre holdings if the New York statutory court should order divorcement in a new decree. He pointed out that the theatres could be sold as one circuit, as a series of circuits or as individual units. The decree also was di.scussed by Otto Koegel, general counsel. He predicted a new and long trial would be necessary to determine which theatre sittiations were acquired or operated with monopoly intent. He told the stockholders that closed situations are subject to divorcement. 20th-Fox to Enter The Television Field NEW YORK—Twentieth Century-Fox plans to build five television stations, the maximum number allowed to one operator by the Federal Communications commission, according to Spyros P. Skouras, president. He told the company stockholders at the annual meeting May 18 that the company either has applied for or will apply for permits in Los Angeles, Boston, San F^-ancisco, Seattle, and Kansas City. He also said that 20th-Fox is going ahead with experiments for large-screen television in cooperation with RCA. He did not think that television will hurt the theatre business, but could become part of it. He discussed the possibilities of coaxial cable tieups linking as many as 200 theatres which could simultaneously telecast special stage shows and other entertainment events. Hearings on 20th-Fox and National Theatres application to the Federal Communications commission for this largescale entry into television will be held in San Francisco May 24. 20th-Fox 1848 Contracts Up 52 Per Cent From '47 NEW YORK—The 31 20th-Fox sales branches in the United States and six in Canada made 52 per cent more feature contracts with theatrical accoimts during the first 18 weeks of 1948 than for a corresponding period of 1947, according to Andy W. Smith, general sales manager. The branches in the southern division, headed by Han->' G. Ballance, sold a total of 3,600 feature contracts in the single week ended May 1. Smith said. BOXOFFICE :: May 22, 1948 15
Page 1 and 2: TOTAL NET PAID CIRCULATION OF THIS
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Page 7 and 8: I are , people I 1 I Pcd
Page 9 and 10: VIDEO'S YEARLY FILM NEEDS SET AT 18
Page 11 and 12: "Hi, Jinx. .." "Hello, Tex. . ." JI
Page 13: . . Jinx: Can I tell about The Pace
Page 17 and 18: 1 1 America's — Go and see for yo
Page 19 and 20: u .V Who is Henry Morgan ? TEl I X
Page 21 and 22: He's the guy|]];lJjQ says is "a fir
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Page 25 and 26: directors ' -^"^ The Foreign Pictur
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Page 29 and 30: Argentina Suspends Remittances to U
Page 31 and 32: . THE IRON CURTAIN MAKING THE YEAR'
Page 33 and 34: CHESTER FRIEDMAN EDITOR HUGH E. FRA
Page 35 and 36: McGUIRE • HILLARY BROOKE • ADEL
Page 37 and 38: I I Anniversary Observed With Big C
Page 39 and 40: Ad Deal in Cincinnati Mr. Flatfoot
Page 41 and 42: WINDOW TIEUPS Still highly popular
Page 43 and 44: NOW being distributed to all subscr
Page 45 and 46: Adv. A THOUGHT OR TWO FROM HYGIE ,
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Page 51 and 52: PHILADELPHIA ping Crosby slipped in
Page 53 and 54: . . " WASHINGTON /^harles Schlaifer
Page 55 and 56: LLYWOOD NEWS AND VIEAVS THE PRODUCT
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Sidelights of Kansas-Missouri Allie
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, Drive-In Most Drive-ins in USA I
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. . MINNEAPOLIS All Home Circuit Ma
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. . Alex . . . Marie . . . Charlott
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Carver Leads Drive To Kill Fast Tim
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Most Drive-ins in a&A ir- Equip wit
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. . . Mrs. . . — Decision Due Soo
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. . . Out-of-town . . Harold . . Jo
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Rejects Barnum's Bid For Less Clear
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Most Drive-ins in USA £
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—— 2nd — — . . William New
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. . Manager . . Ozzie . . . . The .
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— jDallas Grosses Low; iReissues
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MostDririve-ms Jti USA Equip with M
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i BOXOFFICE . . Manager From the BO
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C.WA. MacCormack, Industry Pioneer,
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Variety Will Provide Vacation for B
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Most Drive-ins 111 US.A I £(|uip w
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! BOXOFFICE Sports Shorts Program R
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Charles Children's Shows Gain Favor
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Odeon Will Construct Five More Quon
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ommunJ ormunce jj THE PROJECTOR All
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. . The . . Toronto I TORONTO /3 pc
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. . Paul — . . Bill FPC Ready to
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f«D99 B" PICTURE? NO...A DRAFT! Po
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WHY DRIVE-INS EVERYWHERE RELY ON BA
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w KROEHLER PUSH -BACK Seats Give Yo
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about ^t d I oor Cîconomu YOUR SEA
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: L^nair fabrics . . . A GREAT VARI
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FILMS INFLUENCE ARCHITECTURAL TASTE
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ôme t lew Jjdieas IN PLANNING THE
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THEATRE DISPLAY SYSTEMS .... vom jt
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JUS! Off 1 BOflRDS Architectural re
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. — i Summer Confections . . What
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( a Remove 1 H^ Dear Subscriber: Pl
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m Renovations /or the Projection Ro
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Cine Clinic (Continued from page 36
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THE \Qûiiz POT A CAULDRON FOR COOK
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Black Light Murals Package Is Oifer
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1 — wm News of What's New In Mode
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Mlfe New flsllwwood Premiere i^llfc
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DIT-MCO IS tAmn
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Theatre Psychology and Its D.HE mot
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V DEO ICATE D TO SOUND AT ITS BEST
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Drive-in Don't Delay -- Specials! O
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j ] , , TOR HAS HIS SAY ABOUT PICTU
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JULY 12 m Feature productions, list
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i FEATURE CHART CHECK RUNNING TIME
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DIGEST and Alphabetical Picture Gui
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SHORTS REVIEWS Op/n/ons on the Curr
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M PROJECTION AND SOUND SYSTEMS Manu
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