Boxoffice (Jul-Sep 1963)

Investment Profits Hike Paramount's Earnings From Eastern Edition NEW YORK — Profits on the sades of investments in the second quarter and the first half-year boosted Paramount Pictures’ earnings, although operating profits were below those of the two periods a year ago. However, the company reported that, based upon the income recorded to date in the third quarter of this year, especially on current product, an improvement of net income was expected. For the second quarter ended June 29, Paramount had an estimated consolidated net income of $335,000, or 21 cents per share, plus profits on the sale of investments of $1,340,000, or 82 cents per share, for a total of $1,675,000, equal to $1.03 a share. In the same period of 1962, net income was estimated at $572,000, or 34 cents per share. The estimated consolidated net income for the six months of 1963 was $610,000, or 37 cents per share, plus a profit on the sale of investments of $1,785,000, amounting to $1.10 per share for a total of $2,395,000, or $1.47 per share. Comparative net income in 1962 amounted to $1,701,000, or $1.01 a share. No investment profit was realized for the six months of 1962. At a meeting of the board of directors on Thursday (15), a quarterly dividend of 50 cents per share was declared on the common stock, payable September 20 to stockholders of record on September 3. Ruta Lee stars in AA’s “The Gun Hawk’’ with Rory Calhoun, Rod Cameron and Rod Lauren. DES MOINES greak-ins become almost monotonous when there are three in less than 24 hours. That was the record set recently at the SE 14th Drive-In here on a day that was NOT like all other days for Manager Vern Carr. First of the triple break-ins was after the airer had closed for the night, with another around noon, and the third in late afternoon. Most of the loss was in damage to office and concessions building when vandals gained entry. The airer was playing “The Great Escape.” Terry March, son of Mr. and Mrs. Phil March of Wayne, Neb., has been managing the Royal Theatre at LeMars since the death of Jim Lewis. Young March plans to attend college this fall and is filling the Royal post temporarily . . . Universal manager Ralph Olson says that “The Thrill of It All” is being received at the boxoffice as it deserves to be — just great! . . . Iowa United Theatres vacationers were June Gates who went north, and Joanne Green who headed south . . . The Cinema Arts new season will get under way September 20 with the Japanese-made “Throne of Blood” as the first of an eight-film series. Members may attend all eight for $6. The films are shown at the First Unitarian Church. The November selection will be “I Was a Fugitive From a Chain Gang,” only U S. feature on this year’s program. Still waiting for the first exhibitor in this region to tune up and stage a theatre hootenanny. It would seem to be an autumn natural, especially in the college towns, when the “hooters” return to campus with their guitars and folksong repertoires. If a Hootenanny Under the Stars, sponsored by a Vancouver radio station, drew more than 7,000 persons (2,000 had to be turned away) , seems it might have been worth trying on a slow summer night at an Iowa airer. These are not productions; need involve no celebrities, yet are sweeping the country. Would argue with those who compare the trend to the old rock and roll craze. Hootenannies have “class.” They must have something! One obvious cause for the zoom in guitar sales and amateur folksongfests is TV’s Saturday night Hootenanny half hour — so popular it is to be expanded to 60 minutes, come fall on ABC. In to do business on the Row were Dorothy Thiess from Waverly; Ade Mueting, Pocahontas; Dick Kuhl, Greenfield, and Art Sunde, Papillion, Neb. Quick Service Isn’t Just A Slogan With Fihnack It’s A Tradition For Best Service Send Filmack Your Next Order For Special Trailed 1327 S. Wabash Chicago, Illinois Join the Widening Circle Send in your reports to BOXOFFICE on response of patrons to pictures you show. Be one of the many who report to— THE EXHIBITOR HAS HIS SAY A Widely Read Weekly Feature of Special Interest (Address your letters to Editor. "Exhibitor Has His Say." 825 Van Brunt Blvd., Kansas City 24, Mo. BOXOFFICE Always in the Forefront With the News BOXOFFICE :: August 26, 1963 NC-3