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Kodak Sales, Earnings At New Highs in 1964
Eastman Kodak Co. sales and earnings for 1964 advanced to new highs. Albert K. Chapman, chairman, and William S. Vaughn, president, report. Consolidated sales of Kodak's U. S. units in 1964 reached 81.237.i 7' :2V). about 12',' over the $1,106,670.760 of 1963. Net earnings were $187,248,263, nearly $43 million— or about 30rc over the 1963 total of >1 ll.12o.503. Net earnings equalled S4.64 a share of common stock as compared with $3.57 a share in 1963. They were 15.1'/' of sales for 196-1 as against 13.1' ', for 1963.
Cash dividends on the common stock advanced 21', to nearU $121 million in 1964. Dividends declared were $3 per share, compared with $2.60 on the shares outstanding in L963. V two-for-one stock split was voted by the directors, subject to approval by the share owners at the annual meeting in April. This action would double the number of shares authorized and issued and would reduce the par value from $10 to $5 per share. Total cash dividends on
the common stock have been increased in each of the past 16 years. Kodak has paid cash dividends on the common shares for 63 consecutive years.
On a world-wide consolidated basis (eliminating intercompany transactions). 1964 sales totaled $1,541.7 million, up about 12', from the previous year. iP
NEW TECHNIQUE A special optical photographic technique, incorporating still-picture color negatives into a motion picture, will be used for the first time in Warner Bros.' "The Third Day." starring George Peppard and Elizabeth Ashle\ under Jack Smight's direction.
The technique was developed 1>\ David Sutton, who was retained b\ \\ arner Bros, for special magazine photography on the drama, which is being filmed in Technicolor and Panavision. Technically, it involves a progression of images within a single exposure at the moment of shooting with a zoom lens, creating an illusion of movement within a -!ill photograph. iP
Westland Theatres Starts Construction of $500,000 Hardtop
COLORADO SPRINGS — A new
$500,000 dollar 850-seat hardtop, in construction by Westland Theatres, Inc.. is planned for mid-summer opening.
The new house will be called Cinema 70. it was designed by Lusk and Wallace, architects, and incorporates two dozen new features lacking in the present modern theatre, according to L.A. Staresmore. president of Westland.
Features include is the away-fromthe-auditorium lobby, lounge, concessions bar and boxoffice, which is housed in a separate circular building connected with a glass enclosed corridor.
The large parking area will be reached by a covered walk past landscaped grounds. A 25x56 ft. curved screen and projection booth large enough and so equipped as to accommodate any current and experimental system of projection is promised. iP
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ASHCRAFT MANUFACTURING CO,, INC
36-32 THIRTY-EIGHTH STREET, LONG ISLAND CITY, NEW YORK
International Projectionist March. 1965