The Film Daily (1924)

Record Details:

Title:
The Film Daily
Date:
1924
Publisher:
New York, Wid's Films and Film Folks, Inc.
Volume:
The Film Daily (Aug-Dec 1924)
Leaf #:
000503
Language:
English
Subjects:
Motion Pictures, Film Industry Trade Magazine
Collection:
Hollywood Studio System
Format:
Periodicals
Contributor:
Media History Digital Library
Sponsor:
Media History Digital Library
Coordinator:
Media History Digital Library
Description:
This leading industry publication, published out of New York, was founded in 1915 by Wid Gunning (who called his publication Wid's Daily until 1922). The Film Daily documented the rise of the Hollywood studios, the transition to sound, and the evolution of the American film industry (the paper finally shuttered in 1970). The Film Daily included feature reviews, news stories, and advertisements, but its extensive coverage of short films in the 1920s and 30s distinguished it from other trade papers of the period. -- Eric Hoyt, 2011/2013
Date Added:
September 21, 2023
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THE Ikirsday, November 6, 1924 J^%*_D/ DAILY Comparative Statements, Loew's, Inc. t The current statement for Locw's, Inc. is as of Aug. 31, 1924 and inudes all companies owned and operated btj the parent corporation, current earnings are equivalent to $2.78 a share on 1 060,780 shares n par capital stock. A compari.Hon with the preceding year is hereivith <hed: ASSETS 1924 ueiit and Working: ish $2,139,895.97 ceivables: Accounts receivable $798,970.17 >Jotes receivable 108,837.69 JDue from affiliated corporations (less tban 100% owned) 1,142,062,98 lentories : Films in process, completed and released (after amortization) $6,191,838.58 "ilm advertising accessories 155,267.79 Theater and studio supplies 201,102.13 vances: To producers, secured by productions $2,160,015.41 NfortgaRC and interest payments 159,126.09 2,049,870.84 6,548,208.50 2,319,141.50 Total current and workinfi itments : affiliated corporations $5,606,853.20 posits on leases and con racts 288.883.08 scellaneons 400,945.27 assets $13,057,116.81 'rerty 100% Owned: nd ; lildinps and equipment . aseholds $6,296,681.55 $4,422,797.57 16,820.650.96 307,498.84 $21,550,947.37 ss reserve for depreciation 2,708,980.83 • ■ $1.8.841.966.54 rred 740.262.98 es. contracts and goodwill 10,977,083.30 $49,913,111.18 LIABILITIES ent: xounts payable $2,437,309.64 Dtes payable 1,602.862.50 leater admission taxes.... 18.590.97 ;deral income taxes (net).. 185,795.18 :crued interest 161,446.51 Ivances from affiliated corps 173,467.13 'il current liabilities. 1 pay<'vl)le Sent. 30... .i.,irv corn, dividend payable .Sept. 15.. , Is. mnrtpaees and collateral tni^ obligations •nhsidiary corns Hjnrv r<>rnor,atinn Stock Outstanding: KTetro-r.olHwyn Tfd.) )prred credits: rurities from tenants $212,797.99 pnt.iU received in advance.. 734.988.84 [iscellaneous 18,554.18 P4.579. 530, 78, ital .Stock and Surplus: anitpl stork nnt^tandincr: 1 0«n 780 shares without urplus: Siirnliis Sept. 1. 1923 Net profit for fiscal vcar ended Aug. 31. 192'4... Dividends paid par v.ilue $2,961,485.73 2.949.052.52 $5,910,538.25 1.591.170.00 Di"idend declared, payable Sept. 30. 1924 Surplus Aug. 31, 1924. $4,319,368.25 530,390.00 3.788.978.25 $49,913,111.18 OPERATING STATEMENT 1924 ss Income: heater receipts, rentals, .sales of films and acces>:ories. . . $40.6'8.9'>8.I3 tentals of stores and offices. 1,448 048.59 I'vnking fees and commis'ns. 630.181.37 fiscellaneous income 230,110.51 $431,271.36 64,123.50 1,270,837.79 $2,057,526.96 211,627.2-8 73,516.11 $2,384,261.57 127,675.79 $3,374,894.01 234.878.06 129.366.10 1923 $808,362.21 1,766,232.65 2,342,670.35 *2, 539, 565. 44 $7,456,830.65 $3,739,137.17 S4.?86,194.04 13.546.633.44 242,498.44 $18.07.^.326.3? 1.495,141.12 $16,580,185.20 704.774.65 11.039,096.15 $39.520.024.8: $926,145.48 226.250.00 153.952.95 215.060.17 129.844.59 68.096.76 471.93 390.00 173.78 9.216.377.88 4.472,520.19 966,341.01 26,280,858.14 $284,810.72 299.251.39 8,935.55 $545,997.41 2,415.488.32 $1,719,349.95 7,965,333.34 592,097.66 26.280,858.14 2,961,485.73 $39,520,024.82 1923 $16,860,160.69 1,363 237.55 623.622.70 271,677.52 $42,937,268.60 Expenses: The.iters and office bldgs $24,182,952.90 I'ilm distribution 4,327,419,58 Amortization of films 2,766,547.35 Film advertising accessories. 436,177.11 Producers' share film rentals 5,862,032.10 ■ $37,575,129.04 Operating profit before depreciation and Federal l.-ixes $5,362,139.56 Depreciation of Iniildings and $8,320,485.54 2,958,354.72 2,118,832.26 366,656.68 2,793,633.70 t$19,634,aS?.33 equipment Federal taxes, estimated. Minority interests" share, affiliated corporations . . . . J^oew's Inc. share undistributed, affiliated corps $825,030.76 450,673.77 $946,350.59 112,858.14 1,275,704.53 $4,086,435.03 $409,711.73 251,192.38 $16,557,962.90 $3,076,392.43 660,904.11 Dividends declared on subsidiary's stock outstanding ( Metro-Gold wyn Pfd.) Net profit transferred to surplus $2,949,052.52 1,059,2'08.73 $3,027,226.30 78,173.78 $2,415,488.32 •This includes item for $27,628.08 for arlvances to artists and employes, tincluding $515,656.87 for dividends received from affiliated corporations. Kentucky Theater Bums Springfield, Ky.— Fire that started in a lumber yard, caused considerable damage to S. M. Campbell's theater. The lumber yard was across the street, but the flames and sparks spread rapidly, causing several buildings adjacent to the theater to blaze. Southern Territory Sold Rayart has sold the serials, "Battling Brewster," to Eltabran Film, of Atlanta, for the Carolinas, Georgia, Florida, Alabama and Tennessee. First Graphic Exchanges, of Albany and Buffalo, have bought it for Upper New York. Portland Still Leads The First National "Eschmann Month" drive is now about over, with Portland still in the lead. At the end of the fourth week a new percentage record was attained. The sales for the entire country were 98.97 per cent of the assigned quota. Hall Film Exchange Starts San Francisco— The Hall Film Exchange has started, opening offices at 295 Turk St., at the corner of Leavenworth. The new exchange has already acquired 40 releases for this territory. Bert Hall is behind the project. ! PRODUCERS WHO DESIRE THE UTMOST In Studio Efficiency And Production Facilities Will do well to investigate THE HIRLAGRAPH STUDIO FORT LEE, NEW JERSEY Completely remodelled and up-to-date in every particular. T 1 . (70 X 100,1, . 1 (28ft.,) Two large stages, size j ^q ^ ^q'^ j height 1 22 ft., j up-to-date carpenter shop, scene dock and the finest lighting of any studio in the east, — large comfortable dressing rooms and splendid offices. A trip through the plant will convince you. Telephone Bryant 5450 and our representative will be pleased to call on you. Hirlagraph Motion Picture Corporation 723 Seventh Avenue New York City