Motion Picture Daily (Jul-Sep 1960)

3L. 88, NO. 7 NEW YORK, U.S.A., TUESDAY, JULY 12, 1960 TEN CENTS 'nded June 9 joew's Circuit tO-Week Net II, 633, 300 icome for Third Quarter hoivs Rise to $636,700 Loew's Theatres, Inc., had a net come of $1,633,300 for the 40 weeks ded June 9 of the current fiscal year, was a n iunced yestery by Eugene cker, p r e s int. Since the ■ rporation did t have inde1 ndent exist: ce until the ring of 1959, ;ien it was iparated from -G-M, there ] 3 no figures r the com Eugene Picker rable 40 week [riod of the preceding year. 'Gross revenues for the 40 weeks !s year amounted to $32,568,000. 'come taxes were $2,011,000 and deviation, $2,103,000. Net income for the third quarter (Continued on page 2) ysh for Greenville penings on Sunday Special to THE DAILY \ GREENVILLE, S.C., July ll.-Injrmed sources here say City Council ay be asked for permission to oper3 Sunday movies in Greenville joner than the city government anipated. j "The official 1960 census figures for h City of Greenville, which were nerally not expected until October, 11 be delivered to city officials and J orneys for a group of local theatre ierators within the next day or two," i! was explained. Mayor Ken Cass could not be concted and J. D. Todd, attorney for a ( Continued on page 3 ) UEVISION TODAY— page 6 Ask Unified Action For D bution in u sCanacla Of Dixie Exhibitors WB Board Approves Special to THE DAILY 1% ■ f JB 4% M ■ M • ■ • MEMPHIS, Jul) Ll.-Members of l#ACf . 40 fW £ OOff tfff Of? Allied Theatre Owners of the Mid ■ " TW WW VI m %m m W WWW South were urged today by Trueman T. Rembusch, chairman of tlie ~ „ ' ~l • rr\ 1 1*1 Emergency Defense Committee, to LOlllirmS 1 alKS With LreatlVe 1 eletllmS "unite as you did in the Federal # rrvwT amusements tax campaign in order Qn Deal tO Sell 100 PictlireS IOr Free TV to implement their insistence that they be permitted to acquire pictures "while at peak of box-office potential." Rembusch was one of the two key (Continued on page 3) 'International' Films Are Answer To British Market Decline: FBFM From THE DAILY Bureau LONDON, July 11. -"The outstanding feature of the year under review was the growing awareness of the opportunities open to Britain of becoming an international centre for the making of international films. This is the answer to the problems posed by a declining home market," states the third annual report of the Federation of British Film Makers. "British film production cannot survive with insular ambitions and methods," the report continues, "because in the contracted markets of this island only a few films can recover their (Continued on page 2) Warner Bros, may become one of the first of the major distributors to sell a substantial block of its post1948 pictures to television. The board of directors of the company yesterday approved negotiations, long rumored, with Creative Telefilms and Artists, Ltd., of Toronto for a license to distribute the pictures for free television in the United States and Canada. In Toronto yesterday G. Cass, president of Creative Telefilms said his company had deposited $1,000,000 toward the purchase of the license to distribute the films. A block of 104 pictures is said to be involved, less than half the total backlog available. The price, it was reported, will be a base guarantee of $100,000 per picture, or a total of about $10,000,000. After the initial guarantee is met both Warners and Creative would share in the revenue, according to terms now being discussed. The deposit of $1,000,000 is returnable if no agreement is reached, Cass indicated. Changes in Board of Cinerama Announced Several changes in the structure of the board of directors of Cinerama, Inc., have been announced by Nicolas Reisini, chairman, president, and chief executive officer. Bernard Goodwin has resigned as vice chairman of the board and as a director of the company. Walter Reade, Jr., has also resigned as a director of the company. B. G. Kranze, vice-president in (Continued on page 3) Koster Is Appointed Variety Heart Chairman William Koster, of Boston, has been named international heart chairman of Variety Clubs International by Chief Barker Edward Emanuel. He takes . over die assignment from Nate Golden, U.S. Department of Commerce official in Washington whose many years "of outstanding and de(Continued on page 3) Ask Protection from 'Harmful Movies Special to THE DAILY VATICAN CITY, July 11. Public authorities should "intervene more decisively in protecting the public from harmful movies," delegates to the International Catholic Office of the Cinema meeting in Vienna this week will be told. In a letter greeting clerical and lay delegates to the meeting from all over the world, Domenico Cardinal Tardini, Vatican Secretary of State, said intervention by public authorities in the motion picture field was "not only possible and desirable but becoming more and more necessary." 'Diligent' Efforts vs. Pay-TV Needed: Marling Special to THE DAILY BOSTON, July 11. There is no pay-TV system in operation in the U.S. today, and that condition can remain "if we are diligent and persevering in our efforts," Philip F. Harling, chairman of the Joint Committee Against Toll-TV, will tell a luncheon meeting of the Variety Club of New England here tomorrow. The round (Continued on page 6) Market Letter Rates Warner Stock Good Buy Warner Bros, common stock "offers substantial upside potential and only a limited downside risk" a G. M. Loeh stock analysis letter released here declares. The conclusion is reached after extensive analysis of the book value and earning potential of the stock. The letter says the immediate attraction of the stock is its hidden as(Continued on page 3) Jack Warner Heads Project Hope Group From THE DAILY Bureau WASHINGTON, July 11. Jack Warner, president of W arner Brothers, has accepted the chairmanship of the motion picture industry committee of Project HOPE. Announcement of the appointment came from Ernest R. Breech, board chairman of Ford Mo( Continued on page 3 )