Monogram Signs Pact For $1,200,000 Loan HOLLYWOOD—Disclosure of a new loan agreement making available a direct credit of $1,200,000 highlighted the annual meeting of stockholders and board of directors of Monogram Pictures Corp. here Wednesday (8). The stockholders re-elected all incumbent members of the board of directors and the directorate, then renamed all incumbent officers to continue in their posts for the 1950- 1951 fiscal year. President Steve Broidy and George D. Burrows, executive vice-president and treasurer, announced the signing of the loan agreement with the Security-First National Bank of California. Running for a one-year period and revolving in form, the agreement covers, in addition to the $1,200,000. a bank loan guarantee of an additional S500.000 for Monogram producers. Because of the revolving feature, it is anticipated Monogram will utilize for production purpo.ses during the 1950-51 season an aggregate of from $6,000,000 to $8.00-0.000 in bank funds. Banks participating with Security-First National include the California Bank. Guaranty Trust Co. of New York and the Bank of the Manhattan Co. THOSE WHO ATTENDED Attending the stockholders' and directors' sessions, in addition to Broidy and Burrows, were Norton V. Ritchey. president of Monogram International; Morey Goldstein, general sales manager; Edward Morey, Monogram vice-president; W. Ray Johnston, chairman of the board, and franchise holders including Charles Trampe. Milwaukee; Arthur Bromberg, Atlanta; William Hurlbut, Detroit; Herman Rifkin, Boston, and Howard Stubbins. west coast franchise owner. Set to continue in office, in addition to Broidy and Burrows, were Harold J. Mirsch, Rifkin, Morey, Goldstein and Ritchey, vicepresidsnts; Sam Wolf, secretary, and G. N. Blatchford, controller and assistant treasurer. The re-elected incumbent directorate comprises Johnston. Broidy. Morey. Burrows, Rifkin, Stubbins, Brom.berg, Hurlbut. Trampe and Ritchey. Faith Domergue to Visit 7 Key Cities for RKO NEW YORK — Faith Domergue, Howard Hughes' film discovery whose two completed features will be released by RKO late in 1950, will visit seven key cities in advance of the openings of "Vendetta," originally completed in 1947, and "Where Danger Lives," completed early this year. Miss Domergue arrived in Cleveland November 9 for magazine, press and radio interviews and went to Cliicago November 10, 11. She will visit Baltimore November 13, Washington November 14. Philadelphia November 15 and Boston November 16, 17. After visiting Cincinnati November 20, she will return to her Los Angeles home for the Thanksgiving holidays. Ml.ss Domergue is accompanied by Edith Lynch of the RKO publicity staff and her schedule is being arranged by RKO field men, under the direction of Terry Turner, director of exploitation. 14 Industry Hears a Threatening Report Bar to Film Holding TV WASHINGTON—Rumors that the Federal Communications Commission plans adoption of a policy which would bar film companie.s as television station licensees, or at the very least severely limit the scope of their applications, are causing great concern among industry leaders, it was learned this week. The general policy which the commission is reported to be considering either would prohibit the film industry from entering the TV broadcasting field on the ground that it is a competing communications medium, or would grant a motion picture applicant a license only if there were no other equally qualified applicants seeking the same license. This is the same rule now applied to newspaper applicants for broadcast licenses. The proposed policy would be apart from any ruling which may be laid down with regard to the qualifications of antitrust violators as broadcasters, according to the reports. It is reported 20th Century-Fox has requested an industrywide hearing if the FCC contemplates any action which would place film company applicants at a disadvantage in relation to nonmotion picture company applicants. It was learned this week that the request was made in a letter to FCC Chairman Wayne Coy from Fox Attorney Kenneth Royall, of Dwight, Royall, Hams, Koegel and Caskey. The letter was written last month, but no announcement was made at the time. Also kept under cover for the past few weeks was a conference between Coy and MPAA President Eric Johnston on the problem. And another report from a key industry source, which MPAA officials declined to confirm, said that Johnston plans to huddle with top company executives and attorneys to design an industry defense if it becomes necessary. Royall told Coy that if the commission is considering the adoption of a "policy placing motion picture companies at a disadvantage in comparative proceedings which al;o in- Companies Licenses? volve nonmotion picture company applicants," Fox wanted a hearing on the issues. Basis for the concern, said Royall. was a business paper article last July (Business Week), which suggested that the FCC had the issuance of such an adverse general policy statement in mind. Royall pointed out in his letter that the article reached this conclusion : "At worst, movie men think that the FCC's new policy might be so tough that movies would be barred from TV on the ground that it is a competing communications medium." About the best they could hope for. said the article quoted in the Royall letter, is that "movie companies will be able to get licenses if there are no other equally qualified applicants seeking the same license." Royall said the industry also was concerned that "such a general policy might be confused with matters involved in the antitrust hearing." Fox believes, he concluded, that the motion picture industry has much to offer to television, and that its participation in the field would be "beneficial." Therefore, he declared, "its opportunity to participate should not be limited without an industrywide hearing." The FCC reply, written by vice-chairman Paul Walker, was nothing more than a formal acknowledgement stating that the Fox request would be considered if the commission took up the question. Royall then restated the Fox position in another letter, which stressed the difference between this issue and the antitrust question. Some industry circles here take the view that the threat is most serious, and a commission utterance of policy along these lines is imminent. Others, however, say the rumors are beginning to quiet dow'n and that the idea may be dropped entirely by the commission, presuming that the July article was corract in its original assumption that such a course was being considered in the first place. Independent Producers Say 'No' To Bank Offer of $10 Million Loan NEW YORK—The Society of Independent Motion Picture Producers will not participate in the tentative plan of the Bankers Trust Co. of New York to set up a $10,000.- 000 corporation for independent film financing. Ellis Arnall. president, has notified Alex H. Ardrey, bank vice-president, to this effect after hearing from George Bagnell that not enough members are willing to op3n their books for bank inspection, a stipulation made by the bank. Arnall originally said the plan was worth testing. Ardrey said it was made on a "take-it-or-leave-it" basis, and that if not approved the bank would abandon the project. The plan was .suggested by the bank several months ago. It called for all independent producer participants to agree to open their books for bank inspection. The understanding was that if the inspection proved worthwhile from the bank's standpoint, means w'ould be found for advancing the financing. Bagnall met with Ardrey on the coast. The matter of distribution of questionnaires prepared by the bank was taken up at a meeting of the SIMPP executive board on the coast early in September, and it was then decided to pass them around to members. The questionnaires proved to be voluminous and searching, calling for information on operations, profits and losses over a 12-yeBr period. BOXOFFICE November 11, 1950
. . . . amateur The High ^^^ of Crosby's Career -U^ITH THIS OCTAVE OF HIGHLIGHTS: starring BIMG * CROSBY -* MAIWC* *- OLSON * CH/IRLES * RVTH * SEE GROUCHO MARX team uith ISinR in hil iiif: .ind kiddinfi that's hoxoffitc ni itcn il ro SEE PEGGY LEE In a hep duet as she and BniR rock the llns «ilh hot lieu hitf hv liurke and Van Heusen . SEE DOROTHY KIRSTEN, star uf the NKtn.pohtan Op. and of radio, join her matchless voice with Ring's SEE MARGE AND GOWER CHAMPION, new dan sations. as the hfe of IJing's colorful penthouse party • ROBERT * sxacK - TOM EWELL CHARLES KEMPER Marge and Gower CHAMPION fi[/fsr %im GWHOMARX DOROmndRSIDI PEGCyiEE SEE THE MERRY MACS, radio and record favorites, har- SEE BING GO COLLEGIATE in a youth-and-beau inoni«- with Hliif; in one groovy nunihcr after another . show that's fresh, fast, furious and terrific . THE MEBUy MACS Prodnceil by ROBERT I. WELCH Directed liy RICHARD HAVDN Suggested by a Play by Samson Raphaelson SEE BING IN NEW GAGS with his butler. Cupcake, SEE BING'S FAVORITE BLONDE—she's Ruth Hussey, the played by comedian Tom Ewcll of "Adam's Rib" fame... most romantic screen sweetheart Bing's had in years... Written lot the Screen by Arthur Sheekman . Lyrics by Johnny Burke • Music by James Van Heusen SONGS "LIFE IS SO PECULIAR" "ACCIDENTS WILL HAPPEN" "HIGH ON THE LIST" "AND YOU'LL BE HOME" "WOULDN'T IT BE FUNNY" "WASN'T I THERE' • "MILADY" "ONCE MORE THE BLUE AND WHITE" "MISTER MUSIC" BOXOFFICE :: November U. 19iO
- Page 1 and 2: V/etoen. MctuM yndocd^ Bob Hope, Lu
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- Page 33 and 34: Monogram and U-I Have Big Backlogs
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' ATLANTA—East , tured I The I dr
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I surest , The ; intricacies I I I
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' I . . . Abe . . . MGM q I CONGRAT
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Texas Variety Club Re-EIec!s Office
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;. mary Lowgrade Operations Are Thr
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• . . Katharine . . "La . . . . R
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HALT TO COMPETITIVE BIDDING IS ASKE
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; BOXOFFICE Small-Towner Must Watch
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, Samoa ,s Monogram ; .-,3—Copper
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fcondenmed by many exhibitors for p
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' TOwTisend I DETROIT—lATSE 1 The
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f i I (15) • Rufe, Allied Film Cl
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Hartford Theatre Marks Fifth Year H
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I 1 O'Rourke . . The . . For . . .
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BOXOFFICE BookinGuide Nov. 11, 19 ^
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' j ' ExhihiioT Has His Say (Contin
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tt Very Good; + Good; — Fair; —
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1 Western : .'iinan-Ward I CHECK RU
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; onal 1 New ! Box , 12 : Advertisi
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