Boxoffice-November.12.1955

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Canadian
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months
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nine-month
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In
I Samuel
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by a non-recurring net profit on the sale
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! render a decision within the next two weeks.
F.^^°'°ri!?*°^;N^* Allied Artists Has Gain
Up $2,122,000 in Year
Nr\V YORK Piuainouiit has o-'itimaud
consolidated earnings of its domestic and In Quarter Earnings
>icture and the licensees, who will spend
chin Insurance ( o.. and Joseph G.
nore than $1,000,000 this year to promote .\lterman. TO.\.
he cowboy character.
operations after taxes for the nine
ended October 1 at $7,680,000, equal HOLLYWOOI>—A substantial increase in
to $3.51 a share. This compares with 1954
earnings of $5,558,000, or $2.52 a quarter of the present fiscal year, ending Oct.
share.
1, 1955, over the same period in 1954 was
the 1954 period an additional amount disclosed at the company's annual meeting of
of $832,000, or 38 cents a share, was earned stockholders, held here Wednesday (9) and
followed by a meeting of the board of direc-
and adjustment of investments in subsidiary
and affiliated companies. No such profit was The stockholders re-elected the entire directorate
and, by large majorities, voted ap-
realized this year.
The compajiy also estimated its third-quarproval
of two proposals by the board—one to will bring.
amend the certificates of incorporation to
increase the number of $1.00 par value common
stock from 1,500,000 to 3,000,000; the
other to establish aji employes' stock purchase
plan for the sale of 172,000 shares of common
to certain key employes, including officers
Prosecution and
and executives.
Defense
President Steve Broidy reported to shareholders
that the gross in the quarter just
Rest Their 16mm Cases
L06 ANGELES—Boih the prosecution and ended amounted to $3,705,462, compared to
defense had rested their cases at midweek in $2,907,177 in the same quarter in 1954. This
the government's 16mm antitrust suit against represents an increase of 27.4 per cent. Profit
three
months of the current fiscal year was $252,043,
compared to $200,697 in the corresponding
period a year ago. In the 1955 quarter, the
provision for federal income taxes was $135,-
000, as compared with $108,000 in 1954. Thus
the net after taxes in this year's first quarter AA to Hold Sales Meeting
was $117,043, compared to $92,697 in the same
In Chicago Nov. 13, 14
1954 period.
After the stockholders' session, the directorate
met and re-elected aU present officers.
Sunday and Monday (13, 14)
A quarterly dividend of 13 ^i cents a share
joint agreement to ban the sale of such celluloid
was voted on the company's 5k> per cent
to TV. On the contrary, many witnesses cumulative convertible preferred stock, pay-
testified, video interests to date have not able Dec. 15, 1955, to stockliolders of record
offered enough money to make feasible the
as of December 2. The directors also voted
disposition of theatrical backlogs.
Flatow is the chief government
pial attorney. Counsel for the defendants Revised Insurance Rates
are Homer I. Mitchell and Macklin Fleming.
tie suit is directed against Columbia, RKO To Cut Drive-In Costs
iio, 20th Century-Fox, Universal-Intertiational.
Screen Gems
New York—Owners of drive-in theatres
will benefit by a new single rate
and United 'World
and cIa.ssification for compensation insurance
premiums, the Theatre Owners
of .Vmerica was informed by the National
Wrather, WB Planning
Council on Compensation. The new rates,
to be promulgated in each state, probably
Lone Ranger' Meet
by June 1956, will save drive-in tiieatres
NEW YORK—Jack Wrather, president of approximately S250,000, it is estimated.
Cone Ranger, Inc., and Mort Blumenstock, This ruling will result in lower compensation
premiums for drive-in theatres. At
iflce-president in charge of advertising and
jubllcity for Warner Bros., have Invited the present time, drive-in employes, except
for booth operators, are classified as
leads of 15 major advertising companies and
nationally known merchandising licensees auto attendants.
a New York meeting November 14 to make The National Council has jurisdiction
3lans for the 23rd anniversary of the Lone in 30 states, but it is expected that the
danger and the simultaneous presentation remaining states will follow its recommendations.
)f the Warner Bros, feature-length picture,
I'The Lone Ranger," based on the radio and The entire matter of rating and classification
was recently reviewed at a
'rv personality. The film will be made in
VamerColor.
hearing of the Council in New York.
The meeting, to be held in the main Terrace Representing the industry was a special
toom of the Roosevelt Hotel, will be the TO.\ committee composed of Philip
-one Ranger affiliated organizations. The berg, broker of Walter Rcade Theatres;
nerchandising conference will discuss and Robert Rawley, broker of Michael Redstone
Theatres; Jack G. Wallens. A. Y'ar-
mplement promotional plans for the motion
over-all of the Marling. Fabian Theatres; Milton Blum-
irst national gathering
ter 1955 earnings at $2,515,000, equal to $1.15
'a share on 2,188,911 shares outstanding. The
1954 figure was $2,428,000, or $1.10 a share
on 2.208.133 shares then outstanding.
five major film companies and two TV organ-
Jizations with tlie expectation that Judge Leon
R. Yankwich of the federal court might
It is the Justice Department's contention
that production, distribution and exhibition
segments of the industry conspired to with-
,hold 16mm versions of their feature product
from television and other outlets. Such
charges were denied by a lengthy parade of
witnesses for the defense, whose consensus
testimony held there had never been any
i4
Allied Artists' gross Income for the first
tors.
before federal income taxes in the first
a 15 cent casli dividend on common stock,
payable Jan. 24, 1956, to stockholders of
record as of January 9.
Broidy predicted increased profits In future
montlis, declaring foreign operations of the
company are constantly expanding, and expressed
hope that the type of pictures which
AA is now engaged in making will offset the
over-all increase In production costs which
the new five-day work week in the Industry
The re-elected officers, in addition to
Broidy, include W. Ray Johnston, board
chairman; George D. Burrows, executive vicepresident
and treasurer; Norton V. Ritchey, G.
Ralph Branton, Harold Mirisch, Edward
Morey, Morey Goldstein, Herman Rifkin and
Alfred Crown, vice-presidents; Sam Wolf,
secretary; G. N. Blatchford, assistant treasurer
and controller; Earl Revoir, assistant
treasurer; Marvin Mirisch, assistant secretary;
J. P. Friedhoff, assistant secretary;
James Weinberg, assistant secretary, and
Andrew MacDonald, assistant controller.
The board comprises Broidy, Branton,
Arthur C. Bromberg, Burrows, Johnston,
Mirisch, Morey, Rifkin, Ritchey and Howard
Stubbins.
CHICAGO—Originally scheduled to be held
in New Orleans,
the first in a series of regional Allied Artists
sales meetings was instead switched to the
Blackstone Hotel here on the same dates.
Four midwest branches are to participate
with the company's southern group under
the chairmanship of Morey R. Goldstein,
vice-president and general sales manager.
Early Fox CS Films Seen
Grossing $106,850,000
NEW YORK — Tiventieth Century-Fox
.sources have reported that the company's ten
early CinemaScope releases, now practically
played out. will reach an international gross
of $106,850,000. The total was split into $55.-
350,000 from the U. S. and Canadian market
and $51,500,000 from the foreign market.
"The Robe" alone was expected to gross
$32,000,000 internationally. It was predicted
that a few of the films will gross more from
the foreign than from the domestic market.
It also was said that the company's foreign
gross for 1955 will be $52,000,000, a record.
UA Goes Ahead With Plans
For Sale of 'Golden Arm'
NEW Y'ORK—United Artists will exercise
its option to release Otto Preminger's "The
Man With the Golden Arm" in spite of the
lefusal of the Production Code Administration
in Hollywood to approve the script for a
Production Code Seal.
Arthur B. Krim. president; Robert S. Benjamin,
chairman of the board; William J.
Heineman. vice-president in charge of distribution,
and Max E. Youngstein, vice-president,
attended a special screening of a rough
cut of the film in Hollywood.
lOXOFnCE :: November 12, 1955 21