The Film Daily (1935)

THE Friday, Jan. 11,1935 PA. COUNSEL SEES OPPOSITION TO PLAN (Continued from Page 1) Judge Coxe by Alfred A. Cook, counsel for Paramount-Publix, during a hearing on the Paramount reorganization plan, which was adjourned to Friday, Jan. 18. Cook declined to identify the "interests." The hearing concluded presentation of formal proof of the Paramount-Publix plan and ended with a plea by Cook that after the Paramount Broadway proof is in and all objectors heard that Judge Coxe shall state whether the plan is fair or if changes are necessary before the plan is submitted to the creditors for their approval. Cook promised that any proposals advanced would be promptly accepted. He said that if Judge Coxe accepted his suggestion, a speedy reorganization, which everyone favored, might be had, and that otherwise the plan might go out to security holders and be returned because of objection to some part of it. Judge Coxe did not commit himself on whether he would take the suggestion, but indications are that he may do so. During cross-examination of P. A. Raibourn by Archibald Palmer it was brought out that the bank settlement provided for payment of interest at 6 per cent up to Jan. 1, 1934, on both the old and new money. Judge Coxe indicated that payment of 6 per cent interest on the debt, in view of the fact that banks had the money on deposit while Paramount was making use of it, might be considered excessive by him. Palmer attacked as unfair the provision of the plan under which the $6,500,000 on new money is subscribed by stockholders. Subscribers of new money ought to be guaranteed dividends on their stock at the very least, Palmer said. George J. Schaefer testifying on the need for adding $5,000,000 to the present film inventory of $14,621,303, stated that under present conditions the company had to release films as fast as they received them without adequate time to prepare a proper advertising or exploitation campaign. With between $4,000,000 and $5,000,000 additional, the company could have seven or eight films always ready, Schaefer said. Schaefer testified also as to the scope of the pictures group operations and gave earnings figures for the group. Y. Frank Freeman testified on the financial condition of the theater companies, their current earnings and gave an estimate of probable earnings for 1935. :m File New Rialto Plans ({M Tentative plans for a $150,000 lour-story theater and mercantile building to replace the present Rialto have been filed by Rialto Times Square, Inc., of which Anthony Campagna is president. ■JZM DAILY r MCfTHt HPH It, M. »ALY • • • THAT CLEVER troupe of Voices that make "The March of Time" program one of the few Intelligent Items that keep us from chucking the radio set into the garbage can (one does get so fed up on these Dumb Radio programs, doesn't one?) well, as we were saying this vastly enter taining aggregation of Mere Voices gave the pressageys at the AMPA luncheon a demonstration of Showmanship . culled right from their own film biz • • • THERE ARE about a dozen of these highly trained Voices they worked behind a screened portion of the M. P. Club dining1 room using four mikes . with a prompter keying their lines and a couple of girls handling the cued musical bits they put on their show exactly the way thev work for their big weekly broadcast in the studio handi capped of course by technical limitations but personally we enjoyed their reproduction of the Film Daily Ten Best Pictures announcement better than when they broadcast it last Friday nite . in short selections of dialogue from big scenes in each of the Ten Best they made you believe that you were listening to the Voices of the film stars they portrayed in fact the Voice of Wallace Beery in "Viva Villa" sounded better than Beery's meaning that his imitator put more color into his tones than Beery does . . . . s'fact . the audience got it and broke out into spontaneous applause proving that it is sometimes possible for an Imitation to be superior to the Original • • • BUT THE tidbit of the show was a light satirical skit prepared under the personal supervision of John S. Martin managing ed of "Time" mag spoofing some of the major generals of the film biz in which they attended a conference with the President at the Capitol he asked them each a question pertaining to their particular film specialty their answers had the Ampaites convulsed with merriment it was probably the cleverest and wittiest satire ever concocted around film personalities and prepared just for this one Special Performance, too! that "Time" bunch certainly know how to do things with Class. • • • AND THE rest of the AMPA show was up to the usual high Ferguson quality . plenty of other talent to keep the luncheon diversified Harry Anderson sane: a gipsy song Biferno & Lyons did their electrical musical act with harp and guitar Raggini, Metropolitan Opera star, corrected Prexy Ferguson who introduced him as a baritone he said he was a tenor . sure enough when he sang, he was a tenor Mrs. Curtis B. Bailling, the Mamie Lou of the Vas Family, did a radio negro skit • • • BACK FOR a return engagement was Zelaya . the Spanish raconteur and pianist a Show By Himself ... . . he told a story comparing the way a guy is pronounced dead in the Youessay and in Turkey in the latter country they lay him out on a slab in a big room and bring in five beautiful naked girls to dance around his bier if the guy doesn't get up then he's officially Dead Celebs in troduced included Charles A. Stillman, Alexander Markey, Roy Larson and Editor John S. Martin of "Time" William A. Bach of Audio Productions, Harry Thomas, Frank Marshal'. Pauline, the Hypnotist and Pauline Starke the Hollywood Hypnotist « <€ « » » » ACTORS' GUILD VOTES TO TIE WITH EQUITY (Continued from Page 1) charter, will meet next week to formally accept Guild's application. Upon voting to join with Actors' Equity, the Screen Actors' Guild has decided tentatively to request office space for a secretary and an assistant in Equity's New York headquarters. Such a plan is favorable to Equity, it was learned. Columbia to Release Canadian Film Series (Continued from Page 1) Northern Films studios, Victoria, B. C, with the Royal Canadian Mounted authorities cooperating on details of the stories. First picture, an adaptation of a James Oliver Curwood story, is scheduled for March release. Bishop has returned to Canada after a trip to New York, where he closed the releasing deal and purchased RCA recording equipment, Goldburg Gets Interest In Northern Films, Ltd. (Continued from Page 1) n Victoria, British Columbia, and has produced two British quota films, "Crimson Paradise" and "Black Robe," which were acquired by Columbia for distribution in England. Nick Stuart and Lucille Browne head the cast of both films, which will form the nucleus of a program of six pictures, the others to be made in Hollywood. An American company, Northern Films Co., will be formed in California to produce these pictures and handle distribution. Goldburg will be president of this unit and in charge of its activities. Grant Year's Protection Against Non-Theatricals (Continued from Page 1) tion of May 8 in which six months was the limit. The ruling is effective in 30 days. The board secretary has been directed to obtain monthly reports from each exchange covering non-theatrical bookings includng theater, picture and date, to insure a strict check. This new ruling is regarded as taking care of the non-theatrical situation here. $1,900,000 Net in 1935 Seen for Para. Theaters (Continued from Page 1) examined in Federal Court in connection with presentation of proof of the Paramount reorganization plan. He said the Saenger group would probably earn between $200,000 and $250,000. Booked for the Roxy Forthcoming bookings for the Roxy include two Gaumont British releases, "Secret Bride" and "Jack Ahoy." Paramount's "Behold My Wife," with Sylvia Sidney, also is set for the house.