Exhibitor's Trade Review (Sep-Nov 1921)

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UW 15 1921 ionnan^ ^^^^^^^ Connick's Retirement From Famous Players Officially Announced — Radical Changes in Policy Expected With Zukor Now In Control T, HE "resignation" of H. D. H. Connick as chairman of the Finance Committee of the Famous Players-Lasky Corporation and his retirement from active connection with the Corporation were officially announced a few days ago. Behind this announcement is one of the most dramatic stories in motion picture history. Those who have been following closely the recent developments in Famous Players — particularly since the fight of the Motion Picture Theatre Owners of Americe and Exhibitors Trade Review against certain methods employed by the corporation— were not surprised at Mr. Connick's resignation. Connick's Fateful Speech They. have been certain it would come ever since his fateful speech before Governor Miller at Albany, because that address, made in Mr. Zukor's absence in Europe, brought to a focus a fight for actual control of Famous Players that has been brewing ever since Mr. Connick, as the personal representative of Otto H. Kahn and Kuhn, Loeb & Company, took his seat on the Famous Players directorate. Mr. Connick held the key position in the corporation, because he was the chairman of its Finance Committee. It has been known for a long time that while Mr. Zukor, as president of the corporation, wielded a very great influence in shaping its policy, he was not in absolute control. He had to submit to the Finance Committee for its O.K. on any question of first importance, especially if it involved the expenditure of money. He was thus subject to the overlordship of the Wall Street interests which brought about the financial reorganization of Famous Players in 1919. Mr. Connick was not a practical film man. As he himself said before Governor A/filler at Albany, he had come up to 485 Fifth avenue from the lower end of Manhattan Island to learn the business and to attempt to put business methods into play in the film industry. While he may have succeeded in some matters of detail, the observers of what went on at 485 after Mr. Connick joined the corporation pointed out over and over again his failure to grasp the political nature of the industry — a failure which led to serious blunders in the open. The most celebrated of these were his assertions to Governor Miller that Famous Players-Lasky was the largest theatre-owner in the world and that it, together with four or five others, could control the whole industry. (Continued on Next Page)