Boxoffice-May.03.1952

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Loews Reorganization Gets Stockholder Okay NEW YORK—Stockholders of Loews, Inc.. this week approved the reorganization plan to divoi-ce the theatre operation from production and distribution as required by the antitrust decree. They also re-elected all directors who. In a subsequent business session, renamed Nicholas Schenck as president. The following directors were elected: George A. Brownell. Leopold Friedman. F. Joseph HoUeran. Eugene W. Leake. Charles C. Moskowitz. William A. Parker, William F. Rodgers. J. Robert Rubin. Nicholas M. Schenck. Joseph R. Vogel and Henry Rogers Wlnthrop. Officers, in addition to Schenck, elected by the board at a subsequent meeting were: Moskowitz, vice-president and treasurer; Rubin, Rodgers. Edgar J. Mannix, Dore Schary, Louis K. Sidney, Howard Dletz, Vogel. Benjamin Thau, Marvin H. Schenck and J. J. Cohn, vice-presidents; Friedman, vice-president and secretary; Jesse T. Mills, controller and assistant treasurer; Dolf Schadler and Charles H. Phelan, assistant treasurers, and Nicholas Nayfack, Irving H. Greenfield and Harold J. Cleary. assistant secretaries. A resolution of regret over the death of David Warfleld, a director for 28 years, was read. Cleary and Morris Sher were elected Inspectors for the new year. The meeting proceeded smoothly up to the point when questions were solicited from the stockholders. Mia Copping, who appears at a number of annual meetings in the industry, asked a long series of questions. She said she repre.-sented the Women's Shareholders in American Business, Incorporated Investors, which owns 57,000 shares of common stock, She was the one who had unsuc- and others. cessfully proposed Norma Shearer as a director at the session. Miss Sopping questioned the payment of $2,750,000 to Louis B. Mayer upon his termination of his interest in the company, and was told the matter was in litigation for the court to decide. She was critical of retirement provisions, employment of "hordes" of relatives of Mayer and other executives of the com- Loew's Considering TV, Stockholders Hear NEW YORK—Loew's is considering seriously an entry into the television field, but hasn't reached any final decision. J. Roljert Rubin, vice-president and counsel, told stockholders at the annual meeting Tuesday (29). He said applications may be made to the Federal Communications Commission for stations for the picture company and for the theatre company to be formed, or for either company. As for plans to enter television production, Rubin .said none is being considered at present time but that Loew's "may change its mind as some other companies may do." He emphasized that the company considers films "finer quality entertainment." NICHOLAS SCHENCK Re-elected Loew's. Inc., President pany and alleged expenditures for luxuries through expense accounts, and asked if President Schenck or any other executives "had anything to do with the popcorn concessions." Rubin said the company planned to set a ceiling of $25,000 on pensions for future employes. In answer to a charge of excessive spending in plans to take 100 exhibitors to the coast studio by plane, Rubin said it would be done to show them the latest product and would constitute valuable public relations. It was also said that Schary and other studio executives have monthly expense accounts of $15,000 and that they are carefully audited. Neal Grootegood, another stockholder, questioned the amounts of salaries paid top management, asked for voluntary reductions and inquired about the business outlook. Rubin said dividends had to be decided from time to time by the board, and reminded that in the past sums had been set aside for the payment of dividends as a protection against decreased earnings, and that the company wanted always to pay dividends. He also referred to salary cuts taken by management in 1932 when it seemed advisable. In response to other questions, Rubin said it was his belief that Louis B. Mayer did not plan to reenter production in a big way, but only to make one or two pictures a year, that the company had no plans for the sale of its backlog of old pictures and that the Cinerama process had been investigated and found unfeasible economically. He also said two theatres had been sold during the past fiscal year and that two more would be sold within a week. Before adjournment another, stockholder commented on the subject of relatives in business by saying: "Sometimes we have them because we have them and sometimes because we have to." There was general laughter. After a showing of "Singin' in the Rain," luncheon was served in the headquarters cafeteria. About 150 attended. RKO Summer Release Lineup Includes 10 HOLLYWOOD—Despite the studio's current production lull, RKO Radio will release ten top-quality features during the summer and fall, Ned E. Depinet, company president, disclosed on the eve of his departure for New York after several weeks of local huddles with Howard Hughes, managing director of production, and C. J. Tevlin, studio head. Hailing them as representing the "greatest cash investment of any group of films ever to be consecutively released in company history." Depinet informed exchange managers that the Uneup will include "Jot Pilot" with John Woyne. "Androcles and the Lion," starring Jean Simmons. "The Big Sky," starring Kirk Douglas. "The Adventures of Robin Hood," o Disney Production. "Clash by Night," with Barboro Stanwyck ond Paul Douglas. "The Wild Heart," produced by David O. Selznick in association with Michael Powell and Emeric Pressburger, starring Jennifer Jones. "Montano Belle," starring Jane Russell. "The Lusty Men" with Suson Hayword and Robert Mitchum, "Sudden Fear" starring Joan Crowford. Depinet urged his distribution personnel to exploit and merchandise each release with "intelligence, excitement and enthusiasm" and promised additional releases when these have been "properly liquidated." United Artists to Handle 3 Major Lopert Releases NEW YORK—United Artists has concluded an agreement with Lopert Films Distributing Corp. to handle three major Lopert films for general distribution in the U.S. The pictures are: "Outcast of the Islands," "Tales of Hoffmann" and "African Fury," formerly titled "Cry, the Beloved Country." I. E. Lopert, president of Lopert Films, explained that he is turning over the pictures to UA because they warrant a major commercial release. He will act as producer's representative and supervise the sales of the three films. He will also retain his sales organization to continue to handle films of a more specialized nature, as in the past. "Outcasts of the Islands," which was directed by Carol Reed, will open at the Astor Theatre on Broadway and the Fine Arts on the east side May 15. "African Fury" played its only U.S. engagement at the Bijou Theatre, New York, where it played for nine weeks. "Tales of Hoffmann," a Michael Powell-Emeric Pressburger production in Technicolor, played a 35-week two-a-day run at the Bijou, New York, and has since played 350 roadshow engagements in other cities. United Artists will also release "Encounter," now being completed in Rome, starring Paul Muni in his first film in six years, according to Arthur B. Krim, president. Joan Lorring is featured with Vittorio Manunta, Italian child star of the current "Never Take No for an Answer." Settled Out of Court CHICAGO—The Piccadilly Theatre Eintitrust suit against eight major film companies and Balaban & Katz Corp. was settled out of court April 25. One of the largest actions here, amounting to $5,400,000 damages, suit filed by Schoenstadt & Sons ace house, was filed here September 1950 by Thomas McConnell, attorney for the independent circuit. 18 BOXOFnCE May 3, 1952
B FECIAL , e;/ice for xibitors.. THE BOOKING OF THE WEEK ^.DESIGNED TO HIGHLIGHT CURRENT AND CHOICE PRODUCT Judy's "Just Married"— and just wonderful in the heartwarming story of a young couple in love up to here! IL"'" .ulrmy Awiinl ^tiniirr il iill ov«T iiîiiii w illi "IJiirii YesU-nlay" liir, (>forpc* Ciikor, that "Horn Yester- ' >vrit«T, Ciarhoii in, .) JUDY HOlllDAY introducing moo m Judy's light of love Bilh Madge Kennedy wmien by RUTH GORDON and GARSON KANIN Produced b, • BERT GRANET Directed by GEORGE CUKOR ISTRIBUTOR:
Page 1 and 2: I !|i # Vorierir Clubt Intcrnoliono
Page 3 and 4: TRADE FRBSS Cte^ \\ * tYONO ft UtVI
Page 5 and 6: RUTH I PICERNI RICHARO WEBB • •
Page 7 and 8: i Wishington I , BEN i lAMES I I Pu
Page 9 and 10: JOHNSTON SEES INDUSTRY DUE FOR NEW
Page 11 and 12: DP CITATION WON BY DAYTON TENT /ARI
Page 13 and 14: j ste&aca^ MAY REtEASE DEADLINE-U.S
Page 15 and 16: wing ii'me! HE'S GOING PLACES IN CO
Page 17: NCA HOLDS UNIQUE FORUM 150 Press Ex
Page 21 and 22: Bfetiifeen the Sea and the Sierras
Page 23 and 24: In the Newsreels Movietone News, No
Page 25 and 26: n^RSi 11! Peak As A 1 T T i 1 D YOU
Page 27 and 28: YOOR P/CWRBS/ fg^ûT^^^ ^^tk ^ WITH
Page 29 and 30: The audience walked out! In the las
Page 31 and 32: CHESTER FRIEDMAN EDITOR HUGH E. FRA
Page 33 and 34: EYE APPEAL IN LOBBY DISPLAYS DOWN I
Page 35 and 36: ) Merchants Gel Proof That Theatres
Page 37 and 38: Brandt, Weisman Keep Trans-Lux Cont
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Page 41 and 42: . . Morris . . Tent PHILADELPHIA Be
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Page 45 and 46: . . . Lewis outdoor rally arranged
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Page 49 and 50: t Hollywood NEWS AND VIEWS THE PROD
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Page 59 and 60: I Third Warner Meeting Convenes in
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I BOXOFnCE PEEN" YOUR LDQUARTERS T
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HARRY HART By pRED McLENDON and Al
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U Hoblitzelle to Get Good Citizen H
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Tent 17 Distributes Tickets for Der
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. . . Corpus M. J. Mullin Receives
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'Convertible' Theatre Started at Un
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NORTH CENTRAL ASS'N INVITES COOPERA
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. . Arden MILWAUKEE TTnivcrsal and
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. . Reno MINNEAPOLIS . . Four drive
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. . . Frank . . Roy . . Sam OMAHA
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'HOW TO IMPROVE BUSINESS/ THEME OF
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. . Junior . . Bob . . . . Disney's
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I light . . Waller Norris Named Bul
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. . With he came here seven years a
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LYNN f*lem L. McCann, Lynn's younst
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. . State . . The . . Rubin . . Mrs
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Seek Formula for Maritimes Drive-In
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. . The Only Two Pictures Rejected
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profit picture! X-.^J," i i Just as
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Mq\% Any Other (Z^nlea/tUu Consider
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The Accent is on Comfort at the New
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LUXURY HOUSE • For Shopping Cente
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LUXURY HOUSE • For Shopping Cente
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USE SCREEN TO PROMOTE SALES Continu
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REFRESHMENT SERVICE Prominence of T
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REFRESHMENT SERVICE Research Progra
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MORE POP TO THE POUND Continued hor
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Like everybody else, he's kept an a
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REFRESHMENT SERVICE Check the Smoki
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REFRESHMENT SERVICE Many Theatres M
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HI AVE a motor directly to the carb
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The iônara tu la tionS '9 to HARRY
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IT'S A PLEASURE TO PLAY A PART IN P
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32 The MODERN THEATRE SECTION
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These views 0/ production processes
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Anniversary of Harry Strong and the
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j MEMOIRS OF PROGRESS Continued fro
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j j PROJECTION AND SOUND Change You
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SNAPIJTB USERS CHECK YOUR OIL? Cont
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CHECK YOUR OIL? Continued from page
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A cleanup campaign must precede a g
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MANUAL OF PREVENTIVE MAINTENANCE Co
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^ Exhibitors Should Strive to Win G
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You Can't Buy A GOOD Rectifier for
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A Manual of Drive-In Design and Ope
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c e i t, BALLANTYNE'S Completely Pr
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DRAW CROWDS WITH FIREWORKS! DRIVE-I
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READERS' BUREAU For literature on p
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RCA'S Comprehensive As on adjunct t
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ARE YOU COVERED? An Insurance Execu
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Removable Film Trap Door P-894 Aids
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KROEHIER Easy ^'"'"^ "^ office! "l^
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PICTURES UNSTEADY 9 No. E-78L Remov
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J. Robert Hoff, president of the Th
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advance was | I The EXHIBITOR HAS H
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Good; REVIEW DIGEST Very Good; ' '
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Your projectors . . . your sound sy
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Boxoffice-May.03.1952

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