Close Up (Mar-Dec 1933)

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192 CLOSE UP at an unfamiliar way of speech or American slang will not help towards mutual understanding'. And above all, in the choice of films to see, remember the many directors, actors and film architects, who have been driven out of the German studios and scattered across Europe, because they believed in peace and intellectual liberty. The future is in our hands for every person influences another. The film societies and small experiments raised the general level of films considerably in five years. It is for you and me to decide whether we will help to raise respect for intellectual liberty in the same wav, or whether we all plunge, in every kind and color of uniform, towards a not to be imagined barbarism. Bryher. STORM OVER HOLLYWOOD At the present moment of writing a resolution has been introduced in the United States House of Representatives calling for the appointment of a Congressional committee to investigate the American film industry. According to the charges set forth in support of the resolution, " assets of corporations within the industry are being dissipated, dividends are being passed, stock values are being lowered, and nothing is being done to protect the rights of stockholders. Moreover, many picture corporations are asking for or being placed in the hands of receivers, are going into bankruptcy or being involved in equity proceedings, due to existing conditions within the industry itself and to financial operations of outside elements seeking control of the industry." Whether the film magnates, through their heretofore powerful political influence, will be able to forestall this threatened investigation, is neither here nor there. The significance of the immediate circumstances lies in the fact it points an expressive finger at the heart of the present critical situation of the American cinema. The fantastic extravagance that for more than a decade has characterized the management of the industry would alone years ago have wrecked any ordinary business, and when to this there has been added a giddy revel of stock juggling and madcap speculation, with producers more interested in playing the market than in making pictures, an already bewildered world stands lost in amazement at Hollywood's so long evasion of the inevitable whirlwind. However, out of the clouds of the depression the storm has broken at last. Whether it will have blown itself out bv the time this appears in print, is, like everything else pertaining to Hollywood, beyond logical calculation. At any rate, history has already recorded that its preliminary blasts swept three major companies into bankruptcy, closed the studios of two others,