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4/6/49
I Heinl Radio-Television News Service
RCA TO MNUPACTURE THEATRE TELEVISION EQUIPMENT
The Radio Corporation of America expects to start manufact¬ ure of instantaneous theatre television equipment in pilot run quan¬ tities by the end of this year and figures on marketing such video equipment for theatres at less than ^25,000 per single unit. Barton Kreutzer, head of the company *s film recording and theatre equipment activities, disclosed during a demonstration held in conjunction with the 65th semi-annual convention of the Society of Motion Picture Engineers, N ew RCA theatre TV equipment demonstrated is said to be more practical than any previously shown in that the only element of equipment required in the theatre auditorium is an optical b arrel projector, 30 inches in diameter and 36 inches long, mounted on a seven-foot-high pipe standard.
All other equipment, power supply, etc, are in cabinets, which can be stored at some distance away. The projection throw of theatre TV has been increased from 40 to 65 feet. At 65 feet it is capable of projecting a picture 15 by 20 feet. The demonstration was limited to an 11 by 15-foot picture because of room dimensions.
Questioning the economic feasibility of commercial theatresize television at present, except for a limited number of major sports attractions, Dr, Allen B, DuMont suggested selective use of regular TV broadcasts in motion picture houses until video receivers become more plentiful, DuMont recommended theatre spotting of home telecasts during an address at a luncheon opening the convention,
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TRUSTEES* SUIT FACES EX-HEAD OF MJESTIC RADIO CORPORATION
Federal Judge ¥/alter J, LaBuy last week in Chicago gave trustees of the Majestic Radio and Television Corporation permission to sue its former president. Attorneys said they might sue for ^^500,000,
Martin A, McNally, lav;yer representing trustees John E. Dwyer and Donald J, ’J?alsh, said they proposed to sue Eugene A* Tracy, In outlining their proposed suit to the court, they cited these charges ;
That Mr, Tracy unlawfully exercised stock options and thereby realized ^273, 000; that he shifted certain personal obliga¬ tions to the corporation; that employees had realized "substantial profit" through company stock deals arranged by J.ir, Tracy; that he realized ^72,000 in profits from a partnership to sell radio crystal controls in competition with Majestic, contrary to his contract with Majestic; that he received excessive salary and bonuses, and that he voted to pay a former president *s family two years* salary of the former president after the latter had died.
Judge LaBuy postponed to may 16 a hearing on a trustees* plan for reorganization of the company under Federal bankruptcy law. Creditors opposed the postponement,
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