The Film Daily (1948)

intimate in Character nternational in Scope ndependent in Thought ir^lFDAILY' The Daily Newspaper Of Motion Pictures Twenty-Nine Years Old OJ 3J\. NO. 54 NEW YORK, FRIDAY, MARCH 19, 1948 TEN CENTS 'urn wppoBTionmcnT of u.h. Rcminnnccs Estimate 20th-Fox '47 Net Ptotit at $14 Million A ompares with $22,619,535 !tibr Same Period in 1946; ; quals $4.81 Per Share tttj A An estimated consolidated net •\h ofit of $14,000,000 for the 52 weeks i ding Dec. 27, 1947, was reported ■; : sterday by 20th-Fox and its votingntrolling subsidiaries including Na wfcrial Theaters Corp. and Roxy The! «r, Inc. Reclassified actual figure ! rr the same period, 1946, was $22, 4;9,535. :«l The 1947 figure is equivalent to J .81 per share on 2,796,016 shares i common stock outstanding, Dec. fjjC 1947, after deducting for divi(Continued en Page 8) iiep. Stockholders to letud on CMPC's Sale Stockholders of Republic Pictures 11 be asked at the annual meeting April 6 to act upon a proposal to jj|;u the outstanding capital stock of nsolidated Molded Products Corp. Ir a minimum of $850,000, according the notice of annual meeting. A ■lolly-owned subsidiary, Molded was ii quired from Consolidated Film In (Continued on Page 4) L|Ten key men of Altec Service rp. will spend a week at the Colial Television Corp. plant, receiv; instruction in the assembly, test; and operation of Colonial's Yin-Master, a theater-size projection (Continued on Page 5> olonial to Train Altec en in Video Projection Philly Allied Buying Service Taking Shape (Philadelphia— Allied ITO of East| em Pa. expects to have its film buyng service in operation "within the ^* next few months," according to Sidney E. Samuelson, general manager. Unit will hold a general membership meeting here April 5 at which more specific announcement may be made. A regional meeting will follow in Lykens the following day. RANK TO VISIT KODAK PLANT Will Be Gen. "Ted" Curtis's Rochester Guest April 5 Rochester — J. Arthur Rank, British film tycoon, and president of the British Film Producers Association, now visiting in Florida, will come here on April 5 to be the guest for the day of Maj. Gen. Edward P. "Ted" Curtis, vice-president of Eastman Kodak, it was learned yesterday. Rank's visit will have a two-fold purpose. He will inspect the Eastman plants here, and he will discuss the British raw stock situation in the light of the stepped up production planned in the U. K. Petrillo Okays Live Music for Television An agreement under which live music may be used in television programs was included in the contract settlement announced yesterday by James C. Petrillo, president of AFM, and representatives of ABC, CBS, NBC and WOR, key station of the Mutual network. Effective immediately and running to Jan. 31, 1951, pact permits video outlets to telecast musical programs simultaneously -with AM and FM stations, to pick up music from outdoor events, and to use AFM musicians in independently produced video shows. While no definite rate schedule was set up, Petrillo said musicians would (Continued on Page 8) Johnston Believes U. S. Companies Will be Able To Obtain Majority of Pix Earnings in England In Long Run; MPEA Approves Pact, Embargo Lifting Allocation of remittable dollars from Britain to American companies will probably be based on the proportional earnings of individual American pictures in the United Kingdom, Eric A. . Johnston, MPAA president, said yes| terday following his return to this country aboard the Queen Mary. Johnston went immediately to a membership meeting of the MPEA which voted both approval of the agreement reached with the British Government last week and the lifting of the embargo upon the ship(Continued on Page 5) Tax End Will Have No Effect on Economies Settlement of the British tax will prove healthy to both countries but will in no way affect Hollywood's program of reducing costs wherever possible without the sacrifice of entertainment value, Jesse L. Lasky, producer of "The Miracle of the Bells," told the industry press at a luncheon interview in the SherryNetherlands Hotel yesterday. Lasky expressed his frank confusion at the reception which greeted his latest production by the public and the trade papers as contrasted with the attitude of the metropolitan press. The enthusiasm of the former weighed against the disappointing 'Continued on Page 8) Johnston, Mulvey Lauded By Blumberg for U. K. Job "Johnston did a wonderful job over there, and he's to be congratulated . . . so did Mulvey, for the independents," said Nate J. Blumberg, U-I president, at yesterday's press interview aboard the liner America. Blumberg and Joseph Seidelman, head of U-I's foreign department, were both enthusiastic about the repeal of the British tax. Seidelman (Continued on Page 2) Rush to Buy British Pix Seen Mulvey Cites Pooling of U.K. Film $$ Kalmenson Ups Moore to WB Eastern Div. Manager F. D. (Dinty) Moore, Pittsburgh branch manager for Warners, has been promoted to Eastern district manager for the company, with supervision of exchange centers in Albany, Buffalo, New Haven and Bos(Continued on Page 5) Outright purchase of British pictures by American companies was foreseen yesterday by James A. Mulvey, president of Samuel Goldwyn Productions and SIMPP representative at the negotiations leading to the settlement of the British tax in London last week. Mulvey pointed out that under the terms of the agreement, all earnings (Continued on Page 5) SEC Report Bares Exec. Slock Gifts Washington Bureau of THE FILM DAILY Washington — A number of gifts of pix company stocks by industry toppers featured the report on trading by company executives in the Dec. 11Jan. 10 period released todav by the SEC. All three of the Warner Bros, were reported making sizeable gifts of their company's $5 par common — (Continued on Page 4) Send Only Best U. S. Pix Abroad, Urges Havas Only the best U. S. pictures should be sent abroad, suggested Michael Havas, RKO's general sales manager, for Continental Europe and the Near East, upon arriving here aboard the America for his first visit in 18 months. Havas pointed out that people ev(Continued on Page 8) Agreement Difficult Sans MPEA — Dulles Settlement of the Anglo-American film impasse via the agreement negotiated in London last week by the MPAA-SIMPP would have been "difficult" without existence of the MPEA. it was conceded yesterday by Allen Dulles, MPAA legal adviser. Dulles said that so far as he knew the agreement, negotiated by a foreign industry with the British Government, was without precedent.