The Film Daily (1933)

DAILY Wednesday, Feb. 1,1933 RCA MAY LOSE CONTROL IN RKO READJUSTMENT (Continued from Page 1) in RKO as a result of underwriting the debentures issued in December, 1931. inization plans are ti"w being form 1 since it is believed no modi fication of fixed obligations can be made without disturbing the capital structure, it almost certain that RCA will be affected in the reorganization. Harold B. Franklin, head of RKO the terday held a lengthy conference with Andrew Chri-tenscn of Irving Trust -ver for RKO, at which time vari theater records were turned over. In the KKO Midwest theaters actions filed Monday. Franklin said yesterday that there are no grounds for a receivership for these houses and that the orders would be vacated. The theaters have been showing lit right along, Franklin declared. M. P. Club Completes Inaugural Ball Plans Organization for the forthcoming Motion Picture Inaugural Ball was completed yesterday. The function will be held at the Waldorf-Astoria coincident with the Inaugural Ball in Washington, and plans have been made to tie up the event here with the festivities at the Capital. At yesterday's meeting at the club, Lee A. Ochs was designated honorary chairman. Active chairmanship of the Ball was assigned to William Brandt. The following comprise the Ball Committee: Louis F. Blumenthal, treasurer; John W. Alicoate, Harry Charnas, Sam Dembow, Howard Dietz, Herbert R. Ebenstein, Harold B. Franklin. Nils T. Oan lund, E. B. Hatrick, Leo Klebanow, David Loew, William Morris, Jr., S. L. Rothafel, Marvin H. Schenck, Sypros Skouras, Arthur W. Stebbins, Thomas Wiley and Eugene Zukor. New Para. Committee Has Burkan As Counsel (Continued from Page 1) ment of Charles D. Hilles, Republican national committeeman, as coreceiver of Paramount Publix with Adolph Zukor, have been made, was revealed yesterday. It was learned, however, that the opposition has now subsided. Next move in the receivership situation takes place tomorrow at 10:30 a. m. when the joint hearing will be continued. RECEIVERS FOR FILMS Supreme Court Justice Lydon today is expected to appoint temporary receivers asked by Robert S. Levy. Paramount bondholder, for 24 films that were assigned to Film Production Corp.. a subsidiary, in connection with bank loans. In opposing Levy's application, Ralph A. Kohn. Paramount treasurer, said $6,777,000 had been spent on negatives and they could not be Time Out for Directors West Coast Bur., THE FILM DAILY Hollywood — A director should disassociate himself from pictures about once every two years and take enough time out to give him a fresh perspective, in the opinion of Richard Wallace, who just finished "The Masquerader" for Samuel Goldwyn. In line with his theory, Wallace has passed up other directorial offers and is going on a Mediterranean cruise with Mrs. Wallace. Other directors, including George Hill, Roy Del Ruth, Robert Leonard and Clarence Brown, also are reported planning long jaunts. • • • IN A recent column in the "Sun," John S. Cohen Joonior deplores the fact that the first-run theaters do not properly diversify their showings he pleads for more weekly variety and thinks it is an imposition on the public to be forced to see three mystery stories out of five pictures in a week or the same overbalanced proportion of horror pix . . or whatever the type may be Jawn sums up with "It is better for one theater to fight another with opposite rather than similar products." it's all too true but with the studios all aping one another in picture styles slavishly following one cycle after another there is no choice for the theater bookers. ....... the problem is strictly up to the studios * # * * • • • A NEW poster technique is being developed by Warners' publicity dep't which will first be seen in the paper for "The King's Vacation" 0. Soglow was commissioned to do a series of original cartoon drawings with his famous conception of a king the comedy sketch is combined on a poster with a drawing of George Arliss as the Human King the completed product looks like a Real Innovation getting away from the stereotyped poster that we have always with us it's swell Reason Why copy folks have to be inveigled, cajoled and intrigued into buying these tough days it looks as if the Warner publicity boys have opened up a vastly fertile new field permitting ingenious application of the new technique to every variety of picture * * * * • • • ANOTHER EVIDENCE of avoiding the ruts in film advertising First Division's pressbook on "Dassan" the novelty feature on those funny penguins it is miles away from the pressbook formula a Pleasant Surprise product of George Harvey's shop DEFLATION MUST INCLUDE STUDIO END , SAYS MYERS (Continued from Page 1) chairman and counsel, in his current bulletin to members of the organization. Myers believes "friendly" receivers will not do sufficient good because it is unlikely that they will insist on necessary reforms in operating policies. Speaking of mergers, either following receiverships or in an effort to avoid such action, Myers says that while the outgoing Administration has no time to take action against combines, the new Administration sounds "progressive" and will be urged to take up film matters. Meanwhile, newlyelected Senators and Congressmen are being educated coi ctrning the situation. Myers also has called on Allied members to notify him of any effort on the part of Fox salesmen to force Educational shorts with Fox features, or vice versa. Transferring of Assets Clarified by Counsels (Continued from Page 1) statutes set aside transfer of assets effected at any time within four months prior to the actual bankruptcy. Attitude is that such an assignment is unlawful, without the question of attempt to defraud entering into the matter. In an equity receivership, however, more latitude is given to the corporation involved. Transfer of assets may be made prior to granting of the petition without conflict with the statutes. However, this action may be attacked on the grounds of attempt to defraud creditors. Major Studio Economies Will Aid Independents (Continued from Page 1) profitable business. The opinion was expressed to The Film Daily yesterday by John R. Freuler, president of Freuler Film Associates. The plan also will apply to directors and writers, Freuler believes, and will contantly contribute to improvement of independent product. EVANSTON WINS SUN. FIGHT Evanston, 111. — By a vote of 9 to 7, Sunday movies have been approved here. Wm. Saal and Burt Kelly May Withdraw From KBS (Continued from Page 1) who owns 51 per cent of its stock. The remaining 49 per cent has been controlled by Saal, Bischoff and Kelly. Under the new deal, it is understood Bischoff will get a larger piece of KBS stock. He returns to the Coast next week, having postponed the trip. Five more features are to be delivered by Bischoff. Although the agreement under which Fox sells and distributes Educational product runs for five years, the deal covering World Wide pictures affects only this season. At its conclusion Fox can either renew the deal or Hammons can make other distribution arrangements for his features. Plenty Independent Films Available for Old Roxy A sufficient number of first-run pictures will be available to supply the Roxy for the next three months, Howard S. Cullman, receiver for the house, told Film Daily yesterday. "Our present gross is the largest since the phenomenal business that was done Christmas week," said Cullman. "The present policy of stage show will continue. Our grosses now leave us a clear net on this week's business." finished at the time without the loans. Films involved and their cost are : "One Hour With You," $1,135,000. "The Broken Wing," $300,000. "The Miracle Man," $469,000. "Sensation," $321,000. "This Is the Night," $335,000. "Sky Bride," $250,000. "The World and the Flesh," $417,000. "Sinners in the Sun," $228,000. "Strange Case of Clara Deane," $182,000. "Thunder Below," $382,000. "Jerry and Joan." $189,000. "Come On, Marines," $177,000. "Merton of the Talkies," $159,000. "Horse Feathers." $466,000. "On Your Mark." $125,000. "Lives of a Bengal Lan$100,000. "Love Me Tonight," $580,000. "The Chejlenger," $162,000. "Bride of the Enemy," $154,000. "Ten Commandments," $79,000. "Siren and Tritons," $208.000. "Velvet," $334,000. "Countess of Auburn," $19,000. DENVER ACTION U. S. District Judge Charles S. Sackman in Denver has granted an order preventing Mountain States Theater Corp., Publix holding unit in that region, from disposing of assets pending disposition of a suit filed yesterday for $16,500 said to be due as rent for the Denver Theater and $9,525 back rent on the Paramount in that city. Plaintiffs seek to bold Publix to its theater leases. The Denver situation is somewhat similar to that in the Northwest, where Minnesota Amusement Co., controlling about 70 houses in Minnesota, the Dakotas and Wisconsin, was placed in receivership by Judge M. M. Joyce in the Federal Court, St. Paul, with William Hamm, Jr., named receiver. Action also is pending on two petitions for ancillary receivers for Paramount Publix filed in Federal Court, Los Angeles, by William Boal of New York and E. W. Reynolds Co., a creditor. MANY HAPPY RET18NS Best wishes are extended by THE FILM DAILY to tb« following members of the industry, who are celebrating their birthdays: Jan Feb. 1 Zane Grey Marcia Manners Adele Watson Clark Gable Helen Chandler Ernest Hilliard Tallulah Bankhead Joyce Murray Marcella Daly Maxwell Silver Harold Rodner Gene Sheldon