The Film Daily (1945)

loew's Net Rises $1,094,403 to $14,517,256 (Sec Column 4 Below) Intimate in Character [nternational in Scope Independent in Thought )L. 87. NO. 36 NEW YORK, WEDNESDAY, FEBRUARY 21, 1945 TEN CENTS ISTRIBUTORS DENY VIOLATIONS OF LAW iidnight Curfew Order Hits 1,000 Key Theaters chedules to be Revised; xpect Majority of 'Owl' atrons to Switch Hours Approximately 1,000 key theater tuations throughout the country ill be affected by the "midnight irfew" order which goes into effect 'onday, it was eastimated in a suriy of the theater chains yesterday. The downtown situations in most jy cities operating on a late show isis, with closings at an average ; 1:30 a.m., will revise their schedles to comply with the order issued ionday by James F. Byrnes, direc(Continued on Page 6) Major Network Rushing Plans to Estahlish Television Newsr eel-Motion Picture Division Plans for the establishment of a television newsreel and motion picture division are being quietly whipped into shape by one of the major radio networks, it was learned authoritatively yesterday. Principal hurdle encountered by these given the assignment to formulate plans is said to be the union problem, which presents certain jurisdictional and other angles. Top newsreel men are understood to have been approached for executive spots in the early post-war period. iusell, Cres Smith 0 Vanguard Posts Two new appointments to Vanuard Films' executive sales staff nd a new sales setup were announc1 yesterday by Neil Agnew, viceresident. Milton Kusell, former New York istrict manager of Paramount, has 2en named Eastern supervisor of lies. Cresson Smith, prominent lies executive who has held imporI (Continued on Page 9) New PRC Sales Heads; (Carthy to Studio WB Quarterly Up to $2,350 Bert Kulick yesterday was appointed general manager of domestic distribution for PRC and Morris Safier was named Western division sales manager. Leo J. McCarthy, who has been general sales manager for the last year, remains with the company in an executive production capacity. Appointments were made by Leon Fromkess, president, who arrived from the Coast on Monday. Kulick, recently placed on the Navy (Continued on Page 8) Wilmington, Del. — Preliminary figures made public yesterday at the Warners annual stockholders' meeting give the company a net profit after taxes of approximately $2,350,000 for the quarter ended Nov. 25, 1944, as against $1,981,730 for the same period of 1943. The November, 1944, net is equivalent to 63 cents per share of common stock outstand(Continued on Page 9) Stanley Co. Reports Year's Net Income of $1,474,689 Paramount to Release !8 Pictures in 1944-45 Paramount will release a total of 8 pictures during 1944-45, Charles L Reagan, vice-president in charge f distribution, informed the reg)nal sales meeting of New York, ioston and Buffalo district sales (Continued on Page 8) Colo, Admission Tax Will Expire Feb. 28 Denver — ^The two per cent service tax, which applied to all admissions over five cents, will be dead Feb. 28, as a result of the bill passed by the Legislature and signed by the Governor. The Stanley Co. of America yesterday reported a net profit of $1,474,689 after all deductions for the year ended Aug. 31, 1944. This figure compares with $1,889,870 for the preceding year. The showing last (Continued on Page 6) RKO Plans Full-Scale Production in Britain London (By Cable) — Full scale British production by RKO in the post-war period is included in the company's program for the early war years, according to Phil Reisman, RKO's foreign sales chief, now visiting London. Reisman this week is discussing (Continued on Page 8) D of J's Request For An Injunction Opposed in Distribs.' Reply to Brief Allegations by the Department of Justice that the various clearance de , cisions of the arbitration appeal ^ board proved that the distributors were violating the anti-trust laws were denied by the distributors in their answers to the D of J this week, it was reported yesterday. The letter, which was signed by the legal firms of the five consenting companies, reportedly opposed the D of J's request for an injunction and asserted that an injunction was (Continued on Page 3) $14,517,256 Loew's Net Up $M94,403 Net income of Loew's, Inc., and subsidiaries for the fiscal year ended iAug. 31, 1944, was $14,517,256, an i increase of $1,094,403 over the net profit of the preceding fiscal year when the earnings were $13,422,853. Latest net income was equivalent to (Continued on Page 6) Atlas' Picture Holdings Now Reach $13,140,448 Bigger Red Cross ^Take^ Seen Industryites Briefed for March Campaign "Co-Pilot" to Gamer $10,000 for AAF Aid Macon, Ga.— A $10,000 gross for the Army Air Forces Aid Society will be realized from the gala premiere performance of Warners' "God Is My Co-Pilot" at the Grand Theater tonight, according to Lamar (Continued on Page 9) Briefing more than 1,200 members of filmland who packed the Grand Ballroom of the Waldorf-Astoria to attend the Red Cross Breakfast yesterday under WAC auspices as a preliminary to the Motion Picture Industry's 1945 Red Cross War Fund Week, N. Peter Rathvon, national chairman, declared that preparations for this greatest drive of all have (Continued on Page 9) Amusement securities in the $27,855,189 portfolio of Atlas Corp. as of Dec. 31 last were valued at $13,140,448, with RKO holdings accounting for $12,662,273 of that total, ac(Continued on Page 8) Expect No Stoch Allocations Change Washington Bur.. THE FILM DAILY Washington — Lincoln V. Burrows, head of the WPB Motion Picture unit, said yesterday that it will be another 10 days to two weeks before all requirements are in for 35 mm. raw film allocations for the second quarter with the probability of no change. However, the 35 mm. picture is not nearly so attractive and at present there is no indication of any loosening up after April 1. jUglfg.