Motion Picture Daily (Oct-Dec 1960)

riday, November 4, 1960 PEOPLE Motion Picture Daily ~ TOA-Academy Set Liaison IATSE-AMPP Pact Talks Jerome H. Adler, attorney engaged 1 the representation of clients in the iternational commodity and book ublishing fields, has been retained y the American Federation of Musiians as its New York counsel. □ Claude Allison, formerly supervisor 3r the Williston circuit, Indianapolis, as been named manager of the Garen Auto Outdoor Theatre, St. Peters,urg, Fla., owned by Ben Cohen. □ Robert Prunier Davis, director and cript-writer, is author of a new book, \ Film Is Made," describing his vpe of work. Slated for January pubication, the Ziff-Davis release inI ludes pictures taken from "Day of he Painter," featurette directed by )avis for Little Movies. □ Phil Isaacs is resigning his position is general manager and booker for F Theatres, Baltimore, effective later his month. He has not announced -lis plans for the future. Paramount Tube ( Continued from page 1 ) licteristics: (1) the value eventually to oe received from the sale of the post1948 film library; (2) increments to per share results through continued retirements of common stock; (3) crrowth possibilities in the Autometrie Division, and (4) the tremendous potential of both the Chromatic and International Telemeter Divisions We believe that success in either of the latter areas could have an enormous impact on earnings, lending unusual speculative merit to the stock. Points to Subsidiaries The report observes that "Excluding Paramount's basic earning asset (motion picture production), as well as those divisions with greatest potential (International Telemeter, Chromatic and Autometrie), its other assets, after payment of capital gains taxes and on a per share basis, are roughlv equivalent to the stock s cur" rent price (51%, off Vi yesterday). It assigns asset values as follows: 42 200 shares of Fairchild Camera & Instrument, $7,300,000; 316,000 shares of Ampex (if proposed merger with Telemeter Magnetics is approved at special stockholders meetings Nov. 15), $7,270,000, and 888,500 shares of Famous Players Canadian $17,770,000, or a total value of securities of $32,340,000, or $19.21 per share. Other Properties Listed Values assigned other assets arc: Station KTLA and Sunset Properties, $5,000,000; Dot Records, $5,000,000; Paramount Bldg., $5,000,000; pre-'48 film library, $29 millions to $40 millions, and a like amount for the post-'48 films; and total other assets of $74,500,000 up to $95,500,000, for a total of $106,840,000 to $127,840, ( Continued Angeles in September, a small TOA committee held an informal exploratory meeting with Academy executives and found an immediate acceptance of the closer liaison proposal. Appointment of the committees was the first result of this initial session. The TOA committee will consist of M. Spencer Leve, assistant to the president, and executive vice-president of National Theatres and Television Company, Los Angeles, chairman; E. D. Martin, a past president, and president of Martin Theatres, Columbus, Ga.; Walter Reade, Jr., also a past president, and president of Walter Reade, Inc., of Oakhurst, N.J.; and Roy Cooper, president of West Side Valley Theatres, San Francisco, and chairman of the executive committee of TOA. Diamond Chairman The Academy committee includes: Davies; Steve Broidy, chairman of the Academy's awards program committee; Jack Diamond and John Flinn, representatives of the public relations branch on the Academy board of governors; and Dan Baer and Archie Lee of Harshe-Rotman, public relations counsel for the Academy. Diamond is chairman of the committee. The new liaison was hailed by Pickus and Davies as beneficial not only to the two organizations but to the entire industry. "We of TOA have long believed," Pickus said, "that best results can be achieved by sitting down with people and discussing mutual endeavors candidly and in a business-like manner. This has been a most beneficial procedure for us in our new relationship with the Screen Producers Guild. We expect it to be equally helpful in our new contact with the Academy of Motion Picture Arts and Sciences. 'We Also Have Ideas' "We know there is much we can do, working in close cooperation with the Academy, to increase public interest in the Academy's already widely accepted annual presentation prooram. We also have ideas that we feel will enable the American theatre op from page 1 ) erator to achieve greater benefit and impact from the 'Oscar' telecasts. These we intend to explore with the Academy, and in the light of the Academy's program and policies, and problems, work towards a mutually helpful solution. Hopes for Sponsorship "Our new liaison could also lead, on a long range basis, to an eventual return of the Academy Award program to industry sponsorship. We thing this would be desirable, and want to study the problem carefully with the Academy. But regardless of the solution to this problem, we know that our face-to-face, cooperative work with the Academy must have beneficial results." Pickus also disclosed that TOA was cooperating with the Reuben Donnelly Agency in the setting up of a "Spot the Stars" Sweepstakes, to be conducted in conjunction with the Academy Awards on Monday night, April 17. The Donnelly Agency aims to distribute some 22,000,000 "Spot the Stars" entry blanks in major American markets, in which up to 8100,000 in prizes will be awarded to the persons naming the winners of the "Best Actress," "Best Actor," and "Rest Picture" awards. Unlikely Before December From THE DAILY Bureau HOLLYWOOD, Nov. 3. Negotiations between the IATSE and the Association of Motion Picture Producers on IA's demands for its new basic agreement, (the present contract expires on Jan. 30), are not expected to get under way until early in December. Preliminary meetings are being held with each individual local involved in studio production to review its situation and demands before meeting with IA representatives on general proposals, it was reported by a spokesman for AMPP. 000, which, after deducting estimated capital gains tax, would leave asset values of from $85,630,000 to 8101,380,000, equal to $50.85 to $60.20 per share. The report states that it "understands" Telemeter is now negotiating with the Bell Telephone System preparatory to starting a test in this country', presumably in the New York metropolitan area. About a year ago, the company conceded this to be a possibilitv around the end of I960. However, there is no current indication that a test here will be started bv that time. The report also states that Telemeter estimates the current cost of wiring each home for Telemeter reception at $100, and says a weekly average receipt of $2 per set "would provide a more than adequate return." Welcomed by Davies Speaking for the Academy, Davies said: "We welcome the support of the Theatre Owners of America in promoting the Academy Awards telecast. We have always done our best to cooperate fully with members of the TOA. "That is why we have scheduled the 'Oscar' telecast on Monday nights, so as to have a minimum effect on motion picture theatre attendance, even though this increases the Academy's show expenses because of heavy overtime charges for weekend rehearsals." Injunction Denied ( Continued from page 1 ) by Warners. Judge McGivern said in his decision that Warners and Seven Arts were "acting within their rights in licensing the pictures." Five of the Batjac pictures involved starred John Wayne. They are "Big Jim McLain," "Island in the Sky,' "Hondo," "The High and the Mighty" and "Blood Alley." The others are "Plunder of the Sun" starring Glenn Ford and "Track of the Cat" starrino Robert Mitchum and Tab Hunter. Wayne Editing ( Continued from page 1 ) et" policy. The shortened version of the film is expected to be in use at the Rivoli tonight or tomorrow. Wayne's $12,000,000 epic was found by some critics and audiences to lag in its early stages leading up to the climactic battle scenes. The editing now in progress is believed to be in response to that reaction. The revised film will run approximately 160 rninutes, it was said. AFM-AMPP ( Continued from page 1 ) here late last night between the two groups. Other provisions of the agreement, in addition to salary increases reported earlier, are payment of one per cent on all theatrical films started after last Jan. 31 when they are released to free television; the banning of canned music in tv films on productions starting after May 31, 1961; and a guarantee of 18 hours scoring time for each 13 half -hour episodes of tv series. It was also agreed that any film produced in the U.S. or Canada will be scored in those countries. A meeting to ratify the agreement has been called for the AFM on Saturday. Albany Editorial Lauds Fabian 'Faith' in City Special to THE DAILY ALBANY, N.Y., Nov. 3.-"In adding our congratulations and best wishes to Fabian's New Palace, as it emerges like a resplendent butterfly from the artisan's coccoon, we hope it becomes a shining lighthouse for those whose faith in their downtown section may have wavered." The Times-Union made this comment, in a leading editorial which appeared with the opening of the refurbished theatre last weekendafter a $250,000 job had been completed. The morning paper pointed out, "Those who own and operate the rebeautified Palace Theatre in Albany are not impulsive people. Before they committed a quarter of a mulion dollars to modernizing and refurbishing their plant, they studied with care the potential of downtown Albany vis-a-vis that of the suburbs surrounding the capital city." Fabian Theatres' "faith" in putting so much money into the face-lifting of the 29-year-old house not only won the praise of Gov. Nelson A. Rockefeller and Mayor Erastus Corning, but also of area film industry men.