The Film Daily (1948)

DO NOT REMOVE PLEASE NOTE 1 it Intimate in Character International in Scope Independent in Thought The Daily Newspaper Of Motion Pictures Twenty-Nine Years Old VCg ^93, NO. 56 NEW YORK, TUESDAY, MARCH 23. 1948 TEN CENTS LEWIS ALLIED SCRPEG0RT-T0R $33 Million Parapet? Paramount will show a net profit in the vicinity of $33,000,000 jfor 1947, according to' an estimate made by Merrill Lynch, Pearce, Fenner and Beans, investment brokers here. This would represent about $4.60 per share on approximately 7.3 million shares of stock as compared with an actual net of $44,000,000 $5.92 a share on about 7.4 million shares) in U946. American Seating Net Up Sharply md American Seating Co. wholly owned subjsi diary report a 1947 ttet income of $557,333 compared with $121,129 for the preceding year. |*CC Meets In Frisco Apr. 6 Hollywood— PCCIT01 s annual convention is to be held in San Francisco Anr. 6-B. Two-hundred exhibitors from the Seattle Portland, Los Angeles and Salt Lake City territories are expected to attend. Gamble Tells House Judiciary Com, Affiliated Theaters Coin Goes To Five Allied States Units Washington— Ted R. Gamble, TOA president, testifying at the House Judiciary Committee^ Lewis Bill hearing here yesterday, told the Committee he thinks National Allied is using Chairman Earl Lewis of the subcommit tee as ua scapegoat" and also that Allied although charging distributor interests in other associations itself receives financial support from affiliated theaters in Ohio, Michigan, Wisconsin, Indiana and New Jersey. LEVY, MYERS IN LEWIS CLASH Washington-Herman Levy, TOA general counsel, told the House Judiciary Committee yesterday that there is complete agreement among those for and against the Lewis Bill that all it is intended to do is to shift the collection task for ASCAP, and that it will not in any way relieve exhibitors of their requirements to pay performing rights". Abram F. Myers, Allied general counsel, favoring the measure, asserted that the new rate schedule negotiated between TOA and ASCAP solved no basic issue, charged that ASCAP is "wholly unauthorized by the copyright law" and contended exhibitors will benefit from the bill in that it would pit ASCAP against the producers and so "inject some good old fashioned competition." TOA MEETS ON DELIQUENCY B.O. Upturn Due--Broidy Better pictures are on their way from Hollywood that will reverse the trend of declining b. o. receipts, in the opinion of Steve Broidy, Monogram and Allied Artists president. Broidy told THE FILM DAILY that the intelligent producer had foreshortened his perspective upon the realization that economic conditions had changed since the war boom days. Rank, Johnston To Meet Press Washington Eric A, Johnston and J. Arthur Rank will hold a joint press conference here tomorrow afternoon at the MPAA offices. Consideration of TOA's role in the National Conference on Prevention and Control of Juvenile Delinquency began here yesterday. Thirty theater and publicity men, representing TOA affiliates throughout the country, held initial discussions on a plan which is expected to be completed tonight. Charles P. Skouras, chairman of the special committee handling the project, presided. ILM DAILY'S "New Look" Today /s Occasioned by the N.Y.Printers Strike Toledo Weighs Ticket Impost Toledo, 0. City Council is considering the possibility of enacting an admission tax, in order to raise sufficient revenue to grant the $20-a-month pay hike demanded by about 2,400 employees.