4 years ago


Senate Bill Would Deny

Senate Bill Would Deny TV Rights to Trust Violators Senator Tobey. chairman of powerful interstate commerce committee, introduces bill which would prohibit FCC from granting license to a film company which has been convicted of antitrust violations in suits brought by government. Bill appears to be aimed at proposed merger of United Paramount Theatres and American Broadcasting Co. Preamble to bill says it would be "contrary to public interest" to permit entertainment over TV and radio to be "dominated by any persons who have violated the antitrust laws in connection with any other form of entertainment." * AlUed of West Virginia Upholds National Board Second rejection of arbitration approved: Indiana unit expected to act January 28; national directors to meet in Milwaukee March 27 at time of drive-in convention. * Proposes Measure to Study Federal-State Taxation A bill which would set up a commission for research on overlapping of theatre admission levies introduced by Sen. Robert C. Henrickson tR., N.J.) * Two More Bills Are Filed ToKm20% Ticket Tax Sen. Everett M. Dirksen (R., 111.) drops first such bill in the Senate hopper; Congressman Clement J. Zablocki (D., Wis.) adds his propo-ed bill to many similar measures in House. Hal Roach and H. J. Allen In New Distribution Deal Allen is owner of three Canadian film companies—Cardinal Films, Ltd., Screen Guild Productions and Film Classics; new firm called Guild International Films, Inc. * Amended Complaint Filed In Federal 16mm Suit Posted by government attorney James Mc- Grath in Federal Judge William Byrnes' court in Los Angeles as directed by Byrnes on December 20; have until February 19 to file answer. * West Coast Drive-Ins File Against Projectionists lATSE Local 150 of Los Angeles sued by operators of 12 drive-in theatres for an Injunction and $200,000 damages; charge mass picketing and patrons being di-scouraged by the scattering of nails along driveways. * Big Pictures Taking Over, Declares Bertram Blovury Fox eastern story department says two kinds of stories in demand—spectacular, highly exploitable type for big budgets and intriguing stories that can be done on low budgets. loe^'s Net for '51- 52 In Substantial Drop NEW YORK—The net income of Loew's, Inc.. for the fiscal year ended Aug. 31, 1952. was $4,692,806. equivalent to 91 cents a share, compared with $7,804,370. or $1.52 a share, for the preceding year, according to the annual report mailed stockholders. This meant a decrease in net income of $3,111,564 in a year. The figures were after deductions for depreciation, taxes, adjustments of prior year tax reserves and other purposes. There were 5,142,615 shares of capital stock outstanding at the end of the last year. Current and working a.ssets for the 1952 period totaled $112,611,380, compared with $113,948,402 a year earlier. Current liabilities totaled $28,744. 233 against $26,685,286. The report noted that the financial statements of all foreign subsidiaries were con- .solidated except those operating in France, Italy, the Netherlands, Japan and some smaller countries in Europe and the Far East carried in the balance sheet at no value. No income from the excluded countries is included in the profit and loss statement until realized. Net assets amounted to $20,713,171, not including cash in foreign countries or money allotted to production in foreign countries but retained on the books in the U.S. The amortization table was revised March 13, 1952, as to films released after that date. It allocates 66% per cent of the negative cost to domestic, including Canada, and 33'-j per cent to foreign, instead of 75 and 25 per cent RKO Ad-Publicity Offices Moved to Hollywood HOLLYWOOD—RKO Radio Pictures Co. has become the third major film company to establish its headquarters for adverti.sing, publicity and exploitation on the coast. In a realignment of the department this week, it was announced that Perry Lieber will be in charge of the national publicity and exploitation departments, and EUi-ston Vinson, west coast executive of the Foote, Cone & Belding agency, which handles the RKO account, will direct the advertising. Richard Condon will continue in charge of RKO's New York publicity-exploitation activities under supervision of the west coast home office. It is expected that Lieber will meet with Condon either in Hollywood or New York soon to discuss the realignment. Several months ago, Mort Blumenstock, director of advertLsing, publicity and exploitation for Warner Bros., moved his headquarters to the coast, while David Lipton. who holds the same position with Universal, has headquartered on the coast for some years. Monogram, Republic and Lippert have adpublicity departments, at the studios. Plan Candid Camera Film NEW YORK—Candid Enterprises. Inc., will produce a feature-length film with concealed cameras for distribution in foreign markets. The format used in the "Candid Camera" radio shows and the "Candid Microphone" shorts of Columbia will be used. Allen Funt, producer, hopes to have the picture ready for distribution in the spring. formerly. The total cost of each picture is written off as follows: 44.1 per cent instead of 44.8 per cent at the end of 12 weeks, 67.7 per cent instead of 70.7 per cent at the end of 24 weeks, 77.5 per cent instead of 85.1 per cent at the end of 36 weeks, 87.7 per cent instead of 95 per cent at the end of 52 weeks, and 100 per cent at the end of 78 weeks. "Quo Vadis" is being amortized over a longer period, resulting in a residual value of $5,433,777 at the end of the last fiscal year. Mayer, former The company paid Louis B. production head, $550,000 during the year under a contract calling for payment of $2,750,000 in five years. It was the first such payment after the cancellation of an employment contract which allowed Mayer a percentage of revenue from certain films over a period of time. Loew's reported it had divested 11 theatres under the consent decree, which called for divestiture of 24—12 by Feb. 6, 1953, and the remaining 12 by Feb. 6, 1954. The company also reported for the 12 weeks ended Nov. 20, 1952, an estimated net operating profit after taxes of $332,206, equivalent to six cents a share. In the corresponding 1951 period, additional realized income from some foreign countries of $2,000,000 before taxes and an adjustment for prior taxes of $515,276 brought net profits after taxes to $2,089,339, equivalent to 41 cents a share. Similar earned income from the countries is not included in the 12-week period because not yet realized. Allied Artists Schedules 1 1 Films for Cameras HOLLYWOOD—Allied Artists will end its current productional hiatus within a few weeks with a program of 11 new features, live in color, to go before the cameras by late June. Such was disclosed by Walter Mirisch. executive producer, at a meeting of AA filmmakers. At the same time Mirisch announced the elevation of Edward Morey jr. from associate producer to full producer status. Morey has drawn "Green Hills of Idaho." outdoor action film in color, as his first assignment. When physical improvements on the lot, now in process, have been completed, AA will signal the start of "The Black Knight" and "Wiclvita," both in Technicolor; "Green Hills of Idaho," "Pocahontas," "Fighter Attack" and an untitled horse-racing subject, all in color: and "Slade," "Tabloid," "Clipped Wings," "Safari Drums" and "Murder Without Tears." Producing for AA release are Walter Wanger, Scott R. Dunlap, Richard Heermance, Hayes Goetz, Lindsley Parsons, Vincent Fennelly. William Calihan. Ben Schwalb. William F. Broidy and Morey. 'Wax Works' Underway kOLLYWOOD— "The Wax Works," Warners' first feature in the Natural Vision three-dimension process and WarnerColor, went before the cameras Monday (19* with Vincent Price in the starring role. The Bryan Foy production is being directed by Andre de Toth. 10 BOXOFFICE :: January 24, 1953