Exhibitors Herald (1927)

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March 19, 1927 EXHIBITORS HERALD 21 Eastern Papers Run Riot With Rumors of Mergers Toss Millions and Millions About (in Type) with Stories Including Almost Every Company — All Caused by Two Deals, One in Ancient History Class (Special to the Herald) NEW YORK, March 15. — New York trade and daily paper writers have had the opportunity of a lifetime during the past week to run riot with big money figures. Stories have been printed nearly every day of motion picture mergers involving $100,000,000, $200,000,000 and $500,000,000, or what have you. Almost Every Company Included These mergers have included almost every company in the business with the exception of Famous Players and Metro, and if the orgy of speculation keeps up these are liable to be included if Adolph Zukor and Marcus Loew don’t look out. Too Late to Classify Theatre Location WILL MAKE LONG TERM ground rental lease or will consider the erection of a theatre building on the most desirable location in Fort Worth, Texas, to a financially responsible lessee. The plot of 100x150 feet is in the heart of a highly developed business and residential area. Fort Worth is one of the fastest growing and most prosperous cities in the Southwest. I consider this location as offering the best opening in the Southwest for a popular price theatre. Responsible and capable parties write the owner. Address M. A. Rosenthal, 211 West First Street. Position Wanted ORGANIST — Union; Experienced; Cue Correctly. Library; Classic; Standard; Snappy. Good organ essential. South Preferred. Address R. C. Wright, 822 Montrose Avenue, Chicago, 111. [Til* ab.ove advartlsemeats w#re reeeired too lata to ba classtBad aad distributod ia tlie re^lar want ad department of tbe HERALD this woek on page 44. There is no teat of a paper’s prestige and ability to ‘^deliver** eomparable to Its want ad department. Read it this week and see for yonr> self why the HERALD carries more elassihed ads than all of the rest of the nationals combined.] Bill Would Throw Sunday Offenders in Jail 90 Days (Special to the Herald) OKLAHOMA CITY, March 15.— Representative Fauck has introduced a drastic measure which would prohibit the operation of theatres in the state on Sunday. The bill includes each and every person operating a theatre such as managers, cashier, ushers, actors and other attendants. Penalty for the second offense is 30 to 90 days in jail. Supreme Court Of U. S. Upholds S. C. Theatre Tax ( IVashi^igton Bureau of the Herald) WASHINGTON, March 15.— The United States Supreme Court has upheld the validity of the South Carolina admission tax law levying one cent upon each ten cents or fraction thereof collected for admission to places of amusement in incorporated towns having a population of 2,000 or more. Collegians Cause Riot in Theatre, 11 Fined ( special to the Herald) CAMBRIDGE, MASS., March I'S.— As a result of rioting by a group of Harvard Students in which heavy damage was done to the lobby of the new University theatre, autos were smashed and other property damage done, 11 Harvard students were fined and 30 more were freed. Gertrude Short Faces $27,000 Damage Suit ( special to the Herald) SANTA BARBARA, March IS.— Eleanor Mehan of Santa Barbara has brought suit for damages amounting to $27,000 against Gertrude Short, actress, as the result of an automobile accident several weeks ago in which Miss Short was also injured. And it all springs from two consolidations, one of which has been under way so long that it is ancient history, and the other now a couple of weeks old with no further moves being considered until the signing of the final papers in what already has been agreed upon between The Stanley Company, West Coast Theatres and First National. Everyone in the film business has known for months that Pathe and Producers Distributing Corporation were merging. The Keith-Albee Circuit having a substantial interest, if not a controlling one, in P. D. C., these two were, as a matter of course, parties to the contractual relations. Here’s the “Lowdown” Now here is the “lowdown” on the merger rumors which involve Pathe, P. D. C., Fox, Keith-Albee, First National, Stanley, West Coast theatres, F. B. O., and North American Theatres, all of which, in printed stories, have been getting together in the “greatest consolidation in film history.” Last Thursday those handling the details of the Pathe-P. D. C. merger got together in the P. D. C. offices and signed a memorandum of understanding and agreement on the details of the consolidation which will merge these two companies into one organization. Further sessions were held Friday and more will be held this week to work out the many details of welding together two organizations of such size. No statement has been made by either side and none will be made until these details have all been cared for and the final papers signed. This might happen any day this week and again it may not. Almost every company mentioned in the $500,000,000 guessing contest has come out with denials, with the exception of Pathe and P. D. C., both of whom are going quietly along closing up their merger and saying nothing. Stanley Directors Deny Keith-Albee-Orpheum Move PHILADELPHIA, March 15. — Directors of the Stanley Company of America, when questioned regarding reports of a huge combination with the Keith-Albee, Orpheum and other vaudeville and motion picture circuits, said that while consideration was being given to further expansion plans no actual steps had been taken toward such a consolidation. The rumored combination will receive little attention until the consummation of the recently projected $100,000,000 merger whereby the Stanley Company and West Coast Theatres will take over control of First National. Several banking institutions are interested in the triple consolidation now being worked out. Purchase of seven New Jersey theatres, in Newark, Hackensack and the Oranges, was made by the Stanley Company last week. The theatres will continue under the same management but will be owned by the Stanley-Fabian interests, which operate more than fifty theatres throughout the state. The seven just purchased are the Oritani, Lyric and Eureka in Hackensack, the Embassy in Orange, the Hollywood in East Orange and the Roosevelt and Hawthorne in Newark, theatres which formerly constituted the Bradder-Pollock group. Two pieces of property, one on Lyons avenue, Newark, and another in Belleville, on which theatres probably will be erected in the future, were also bought. Dick Talmadge Sued by 2 Firms for $50,000 (Special to the Herald) LOS ANGELES, March 15. — ^Richard Talmadge was named defendant in two suits aggregating $50,000 filed last week in superior court. One is by Carlos Productions claiming $30,000;' the second is by Talmadge Productions asking $20,000 and the return of the film “The Poor Millionaire” said to be held unlawfully by Talmadge and the Consolidated Film Industries. Connecticut Film Tax Repeal Asked By Committee at Governors Request (Special to the Herald) HARTFORD, CONN., March 15. — The much opposed tax on films coming into the state, enacted in 1925, which resulted in many exchanges moving out but later returning, is recommended for repeal by the Committee on Finance of the Connecticut Legislature, Senator Walcott, chairman, announced last week. There had been practically no opposition to repeal. Tax Commissioner Blodgett urged repeal, as did large numbers of citizens. In 1925, as a measure for deriving additional revenue, the Legislature enacted the tax. Governor Trumbull asked the present legislature to takd steps to repeal the law.