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THEY
MADE THE NEWS
(Continued from Page 10)
LIEBER
PERRY W. LIEBER ended a 25-year association with RKO Radio when he resigned as national director of advertising to take a post with 20th Century-Fox's publicity department in Hollywood. Fox announced that Lieber will handle special assignments on the studio's production schedule of 34 pictures in 1956. A University of Illinois graduate, Lieber joined RKO as office boy in 1930. Meanwhile, it is generally believed that Lieber's replacement at RKO will come from the O'Neil-Mutual Broadcasting ranks.
0
PRESIDENT EISENHOWER'S budget message, sent to Congress January 16, called for a continuation of all Federal tax rates at present levels and indicated that a rise in Federal admission tax receipts is expected in the next 18 months. Estimated tax collections for the fiscal year ending June 30, 1956, are put at $108,000,000 and $110,000,000 in 1957, compared with $105,086,000 for the year ending last June 30. The President asked for an increased allocation to the U. S. Information Agency, of which the motion picture service would receive $12,883,000.
BENJAMIN, TODD, KRIM
MICHAEL TODD inked an agreement with United Artists to distribute his multimillion dollar Todd-AO production "Around The World In Eighty Days". Entrepreneur Todd told UA board chairman Robert S. Benjamin and president Arthur B. Krim that he is "extremely impressed by the dynamic methods of operation displayed by UA's youthful management." Following the successful launching of his first film in the Todd-AO process, "Oklahoma!", Todd severed connections with the distributing company, Magna Theatres, and the Todd-AO Corporation, though retaining the right to make ten pictures in the new process. "Around the World" is based on the Jules Verne classic and will have a raft of stars, including Marlene Dietrich and Noel Coward, screenplay by S. J. Perelman.
O
ARTHUR M. LOEW released his first annual stockholder's report on Loew's, Inc., since becoming president. A decline in the profit for the year ending August 31 was noted. (See FINANCIAL BULLETIN, this issue.)
0
ROY DISNEY reported an increase in the net profit of Walt Disney Productions for the fiscal year ended October 1 as $1,352,576, compared with $733,852 for the same period the preceding year. Gross income amounted to $24,638,632, or $2.07 a share, against $11,641,408 and $1.12 a share. Much of the increase was attributed to good returns from "20,000 Leagues Under the Sea" and "The Lady and the Tramp". New activities last year, including television, drew heavily on working capital, Disney said, and unless a better profit from TV can be realized, TV output will be greatly reduced.
TESMA, TOA SIGN
I Executives of TESMA and TOA signed a contract to participate in the International Trade Show scheduled for . Sept. 19-24 in New York.
Seated, from left: TESMA di i rector W illiam Gedris. presiI dent Lee Jones: TOA president Myron Blank: TESMA r.p. Tom LaVezxL Standing: TOA's II alter /{cade. Jr. and
Herman Levy} TESMA executive set?) Merlin Lewis i TOA
OSs't tec?') Joe Alterman.
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more
John Wayne
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THE CONQUEROR
from RKO "di8
Page 22 Film BULLETIN January 23. 1954