Motion Picture Daily (Jul-Sep 1950)

Wednesday, July 26, 1950 Motion Picture Daily 7 Theatre Admissions Down (Continued from page 1) Ill-time high in 1949, going from 10,040,000,000 in 1948 to $10,184,00,000. Money paid for admissions If various tvpes dropped slightly, from 1,820,000,000 in 1948 to $1,802,000,000 ■fa 1949. Yet motion picture theatre Ldmissions dropped even more, from !;l,364,00,000 in 1948 to $1,342,000,000 In 1949. Tt->^1949 figure was the lowest since: The total has been propping ste^.-.y since the 1946 high bf $1,512,000,000. : One of the chief items on which ftriore recreation money was spent in El 949 was "radios, phonographs and flrecords" — that includes television. ■ This went from $1,760,000,000 in 1948 [o a record $1,989,000,000 last year. rCollege football admissions were also §ip considerably. Corporate Income Up Corporate income after Federal and tate income and excess profits taxes ent from $63,000,000 in 1948 to $73,000,000 in 1949. But from 1943 [•through 1947, the figure was over ($100,000,000, hitting a peak of $187,1.1000,000 in 1946. Corporate income beIfore taxes was up from $119,000,000 iin 1948 to $124,00,000 in 1949, but in :ll946 the total was $322,000,000. The industry's corporations paid 1$S1,000,000 in taxes, compared to $56,1 000,000 in the previous year. This was [the industry's smallest tax bill since [I1941, when it paid only $26,000,000. In 1943 and 1944 it paid $156,000,000 annually. Corporate dividends were down ' to $44,000,000 in 1949, compared I with $61,000,000 per year in 1947 and 1948 and a $64,000,000 high in 1946. The 1949 figure was the lowest since 1945. Unincorporated enterprises in the film industry had an income of only $57,000,000 last year, the lowest since 1942. In 1946 they had a record $89,000,000 and in 1949 they had $64,000,000. There were 226,000 full-time equivalent employes in the industry in 1949, compared with 225,000 in the previous year and a high of 229,000 in 1947. Altogether, there were 250,000 fulltime and part-time employes, compared with 249,000 in 1948 and 253,000 in 1946 and 1947. Of the industry's workers last year, about 238,000 were in production, compared with 237,000 the year before and 241,000 in 1947. Average annual earnings per full time employe were $2,916 last year, compared with $2,911 the year before and a $3,031 high in 1947. Corporate sales were down to $1,819,000,000 in 1949, from the 1947 peak of $1,942,000,000 and the 1948 figure of $1,864,000,000. . It was the lowest total since 1945. One bright note in the report was that the amount of money retained by industry corporations for working needs was up sharply, to $29,000,000 from $2,000,000 in 1948. The $29,000,000 figure, however, was still far below anything from 1942 through 1947. Retain More Capital The industry accounted for $871,000,000 of the national income of $216,000,000,000. This compares with $867,000,000 in 1948 and a high of $1,116,000,000 in 1946. About $659,000,000 was paid out in wages and salaries last year by industry firms, compared with $655,000,000 in the previous year and a 1947 high of $694,000,000. " The industry paid out about $5,000,000 in the year before. In 1942, the figure was $8,000,000. Opposes Tax Cut (Continued from page 1) cises may be reduced when the taxboosting bill finally clears Congress. Sen. Taft, a member of the Senate Finance Committee, is on record for a cut in the admission tax "war or no war," and Sen. George said he still felt some of the "more severe inequities in the excise structure" should be eased in the general tax bill. The President also urged Congress to leave in the tax bill the Houseapproved provisions to plug so-called tax loopholes, including that outlawing collapsible corporations. In another emergency phase of interest to the industry, Administration officials continued their efforts to get Mobile TV for Canada Ottawa, July 25. — Two mobile units for use by the Canadian Broadcasting television stations in Toronto and Montreal have been ordered in Britain at a cost of $190,000 and delivery is expected early next year. Total investment here in television equipment by CBC now is $875,000, with previous orders including two transmitters to be built in Canada. Congressional approval of allocation and other economic controls. Commerce Secretary Sawyer, citing steel as one of the items likely to be allocated first, said he would attempt to work out a voluntary allocation system before ordering mandatory allocation. a most unusual picture tliect -ever h "to CPU HOLLYWOOD STORY! . . . W/// 6e one of tAe Greatest things t/iat ever happened, to a Theatre / (tts from U-l) "Louisa is first rate entertainment all the way. Suited for every segment of the audience." FILM DAILY WORLD PREMIERE, CHICAGO THEATRE, CHICAGO, AUGUST 11th