The Film Daily (1948)

Record Sales, Profits ForTechni. in 1947 (Continued from Page 1) the delay due to strikes and other causes which increased the elapsed time between completion of the photography of a feature production and the delivery of release prints will be reduced so that it will be Dr. Herbert Kalmus, in his report to the stockholders, stated that Technicolor "is aware of ten to fifteen competitive processes, some of which are doing a substantial volume of business. Competition is a challenge to us to constantly improve our service and products both in quality and price. It should help to hasten the day when our customers will want only color." steadily approaching normal during the year 1948," the report said. "About September, we expect to begin to receive the new Technicolor three-strip cameras which are currently being built as a part of the expansion program," Dr. Kalmus said. By the end of 1948 or in early 1949. Technicolor should reach a volume of about 320,000,000 feet a year of positive prints, the report indicated. Release prints in Technicolor for 1947 totalled 222,017,439 feet as compared with the previous year's 165,027,297. Of the 36 feature-length productions photographed in color by Technicolor last year, six were made by the British affiliate. Scheduled for 1948 are 57 Technicolor productions of which nine will be made by the British company. Technicolor's net sales in 1947 amounted to $17,407,975.12 — a record — as compared with the previous year's $13,057,510.40. Consolidated net profit before deductions Technicolor has thus far not used any of the $2,500,000 standby line of credit which the company arranged for three years ago with the Bank of America, Dr. Herbert T. Kalmus disclosed in his annual report to the stockholders. Arrangement with the bank is for a 10-year span. amounted to $3,492,049.28 (1946 — $938,824.58). Net profit after all deductions was a record $1,422,752.03 (1946 — $436,168.21). Dividend per share of capital stock amounted to $1.00 to a total of $913,497.51 (1946— $.50; total $454,978.01). Net earnings per share were $1.55 (1946 —$.48). Consolidated current assets were $9,123,002.30 and consolidated current liabilities were $4,024,646.26. The cash balance and U. S. Government obligations together, amounted to $7,036,850.20 on Dec. 31, 1947. Net current assets were $5,098,356.04 (1946 — $4,438,820.95). Net profit of Technicolor, Ltd., for its fiscal year ended Nov. 30, 1947, was £63,214 (1946 — £47,591). Total footage sold was 50,487,851 feet. Wednesday, March 10, 1* ■ • ■ ■■ ■ ■ Send Sirtltdaut Qreeting,A ZJo — | March 10 Lowell Calvert Stuart Holmes Floyd E. Stone Gregory LaCava Warner Anderson *>V»«V<»Vt.VtV«V*'W+V»V*«V*.W»** "^PHILM. DALY Mid-weeU Memos • • • A SCHEDULED BOSTON VISIT of J. Arthur Rank, who arrives on the SS Queen Elizabeth late today from Old England, could have financial aspects. ... • It's dollars to doughnuts, as 'twere, that Br'r Rank will be asked during his conferences with Eagle Lion toppers for a 50-50 break on U. S. distribution of Rank pix Up to now. Universal Int'l has skimmed off the cream. ... • Personal Note to Ronald Colman: Why don't you do "Othello" on Broadway? You'd mop up. ... • General Electric will hold a television seminar in Syracuse March 16-18. ... • George Stevens and Harriet Parsons are both due in for tomorrow's Radio City Music Hall bow of "I Remember Mama" Miss Parsons is due in today for a month's visit, Stevens tomorrow, also for an extended sojourn. ... • They've named a new sweet pea after June Lockhart It couldn't have happened to a sweeter maid. ▼ V ▼ • • • WAS THE ADOPTED SON of Sir Stafford Cripps in F. Del Guidice's entourage under a non de plume on the British producer's recent American pilgrimage? Just askin'. ... • Now CBS is reported seeking to buy into Madison Square Garden You guessed right — it's because of the part sports play in the television picture. . . . • There's a healthy New Look to New York film theater advertising copy appearing in the met. dailies Especially eye-catching copy: RKO-Music Hall for "I Remember Mama" 20th-Fox-Roxy for "Sitting Pretty" Universal-Capitol for "Naked City" And Universal^ for "All My Sons" which opens at the Criterion March 27 First ads used for the latter, quoting trade reviews by "those who see all the pictures," were especially smart Your Favorite Industry Newspaper, whose critiques are widely quoted by newspapers across the country, has ample reason to know their box office value to exhibs It's a wonder New York showmen haven't caught on before. ▼ ▼ ▼ • • • JOCK LAWRENCE has set an hour-long press conference for J. Arthur Rank at the Sherry Netherland, starting at 10 ayem today. ... • This afternoon, the Bob Benjamins and the lock Lawrences are giving a cocktail party for the Ranks at the Lawrence Park Ave. apartment. ... • Tee-off of Enterprise's "So This Is New York" is being tied in with the golden anniversary of the consolidation of the five boros into one city. ... • John Krimsky is joining the Institute of Public Relations. ... • What's this about Maurice Bernheim, Hollywood cameraman, teaming up with Ingrid Bergman and Greta Garbo to make pix in France? ... • The New York Roxy starts its 22nd year today Happy birthday! ... • Thought-in-Passing Dep't: Why don't some smart theater operators experiment with the sale of pretzels? ... • JAR will be glad to know, no doubt, that by the end of June "Henry V", distributed here by UA, will have earned him a total of $1,600,000 At recent openings in Daytona Beach, Fla., and Sheboygan, Wis., biz was so terrific that two houses were used ...... At Daytona, it was necessary to bicycle the print At Sheboygan, UA was prepared Comments Capt. Harold Auten, "The situation is delicious." ▼ ▼ ▼ • • • IF YOUR CHILDREN'S patronage is down, you might give a thought to this in seeking the whyfor: Sunday newspaper comic sections are running strongly these days to box top premium offers, aimed at kids, and calling generally for some coin to boot Quarters that go for "magic" rings, etc., don't find their way to the box office. . . . • RKO is sending Horace Heidt's band into Keith's, Syracuse, the week of April 15. . . . • Boni & Gaer are bringing out both SI and $3 editions of "Hollywood on Trial." written by "The 10," on April 12. U. S. Czech Filming Is Now Doubtful (Continued from Page 1) month's coup by the Communists, d tails were reported just about se It had been proposed, accord^"* information released today ^. ) partment of Commerce pix^Lii Nathan D. Golden, that the Unit* States group produce a film most within Czech borders. It had bes agreed that 30 million crowns block* within those borders — a part of tl sum actually due the American grot — be released to the claimants spec fically for the making of the fill Plans called also for shooting in tl United States, with production cos here to run to about $250,000. Golden said, in a report writtf prior to the recent developments Prague, "if the picture proves su cessful, it is planned to extend th United States co-operation with tl Czechoslovak industry to permit e port of the product and acquisitit of dollars for account of the Czech Slovak economy on a percentaj basis for the United States partk pants." Hollywood pix accounted for 1 per cent of the box office take Czechoslovakia during the first h: of 1947, domestic product for abo 20 per cent, British 20 per cent, Ru sian 17 per cent and French ten p cent. The Government operates four st dios with 11 stages. Russian pr ducers are utilizing the facilities the Barraadov studios, in Pragi with the Czechs receiving in retu raw stock from the USSR. Ansco Film Manufacturin Pace Sets Company Recoi (Continued from Page 1) pointed out yesterday. New faci ties are scheduled for complete next year. Present shortage of film, Frye sa^ is due to a lack of manufacturing f eilities to supply the demand, addition, the extraordinary dema: for color film and X-ray film h slowed potential production of bla and white stock. Ansco presently producing about 50 per cent mo black and white film than in 1940. Gloria S wait son Set For WPIX Tele Show Gloria Swanson will star in a one hour weekly television show originating at Station WPIX (N. Y. Daily % News) which is scheduled to begin operations June 15, Harvey Marlowe, program manager for the station, announced yesterday. Tentatively set for Friday afternoons, "The Gloria Swanson Hour" will be divided into 15 minute segments, each sponsored by a different fi; advertiser. Subjects treated will include fashions, home making, kitchen hints and interviews.