Motion Picture Daily (Jan-Mar 1957)

MOTION PICTURE DAILY C. 81, NO. 24 NEW YORK, U.S.A., MONDAY, FEBRUARY 4, 1957 TEN CENTS 'ftduction Plans =BC To Watch <B-PTActivity Vith Interest' lies ''Integration Move'' ij/fs Annual Report I By J. A. OTTEN , WASHINGTON, Feb. 3.-The Sene Small Business Committee said it tid watch with interest efforts by Irican Broadcasting Paramount litres to produce feature films. l-ie committee made the comment I; annual report for 1956. Sections fie report dealing with the motion lire industry mostly rehashed the Inittee's earlier special report on ■ Sim hearings, including the conIons and recommendations in the ■ 3r report dealing with arbitration, ( Continued on page 2 ) ilaifer Appointed tsistant to Velde I J. (Jack) Schlaifer has been apIted assistant to James R. Velde, feed Artists general sales manager, il newly-cret<: post, Velde liiunced a t 1; weekend. m assignment Iks his return dUA where ehas held a iv ber of key ic "ions since Ei, most reMiy serving lji.954 and E i as special 1 represen B'e* hlaifer entered the industry in fa! with the Warner Features ex{Continued on page 2) !>king Chart on Page 6 IOTION PICTURE DAILY's »c ;ing chart, listing releases of the n >r film companies for the months >f )ecember, January, and February ;ars in this issue on page 6. Republic Net $1,023,401 Republic Pictures Corp. and its subsidiaries had a net profit of $1,023,401 before Federal taxes for the 52 weeks ended Oct. 27, 1956, the company reported at the weekend. Estimated Federal taxes were $265,000, the report states, leaving a net after taxes of $758,401. For the previous year, the 52 weeks ended Oct. 29, 1955, Republic and its subsidiaries reported a net profit of $3,334,034 before Federal taxes and reserve for contingency of $550,000. Estimated Federal tax on income for that period was $1,865,000 or a net after taxes and reserve of $919,034. Additional details of the financial report for the 1956 period were not revealed by the company. Six Circuits Will Enter Sweepstakes Promotion Six circuits, representing a total of 341 theatres, have advised the Council of Motion Picture Organizations they will participate in the Academy Award Sweepstakes, to be held from Feb. 19 to March 26. Three individually owned theatres also have given notice of their intention to take part. The Stanley Warner circuit, with 231 theatres, advised Robert W. Coyne, COMPO special counsel, that it would participate in the project. William Dipson, who operates 38 the(Continued on page 3) L. J. Schlaifer MPIC Offers New Film For Projector-Alignment From, THE DAILY Bureau HOLLYWOOD, Feb. 3 Motion Picture Research Council director William F. Kelley on Friday announced the availability, through the council, to theatres, manufacturers and servicing agencies a new all-purpose projector-alignment film, which can be used for all 35mm apertures. All aspect ratios, for both anamorphic and flat prints, can be checked for ghosts or irregularities by this film. Standby Order On Loew Debt By LESTER DINOFF Federal Judge Edmund L. Palmieri of the United States Southern District Court has issued a standby order setting aside the Department of Justice deadline of Feb. 6 by which Loew's, Inc., was required to divide a funded (Continued on page 3) AA Loses $798,000 In 26-Week Period Operations of Allied Artists Pictures Corp. and its wholly owned subsidiaries for the 26-week period ending December 29, 1956, unaudited, resulted in a net loss before federal income taxes of $798,000 as compared with a net profit of $385,(Continued on page 3) Investment Survey: Predicts Film Prosperity in '57; Sees Theatre Domination of TV Likely The motion picture industry is likely to enjoy a "prosperous 1957" and continued improvement for the ensuing several years, the Value Line Investment Survey, published by Arnold Bernhard & Co., investment advisers, states in its current issue, out today. The report points not only to improved product available to theatres but also to its belief that "Over the next few years the average American will probably have more money for recreation and more leisure time for entertainment. Also," it adds, "the population of Hollywood's most important customer group, the 15 to 24-year olds, will expand signi ficantly in the years which lie ahead." The investment survey also reports the belief that the industry is gaining the upper hand over its television competitor. It tells its readers: "Though the movie industry will always have to compete keenly with television, it now appears that Hollywood has been gaining the upper ( Continued on page 2 ) Shor Tells of Letter Allied Appeals To Presidents For Arbitration TO A Said to Have Joined Plea; Board Keeps EDC By RAY GALLO CINCINNATI, Feb. 3.-The text of a letter sent to all company presidents asking for action in the establishment of an industry arbitration system was released here Friday by Ruben Shor, retiring president of Allied States Association, following a meeting of the board of directors. Another letter, almost identical in subject matter also was sent by Theatre Owners of America, Shor said. The letter called attention to the recommendations of the Senate Small ( Continued on page 3 ) ffecf lanuck Member Of 20th-Fox Board Darryl F. Zanuck has been elected a member of the board of directors of Twentieth Century-Fox Film Corp., it was announced at the weekend by Spyros P. Skouras, president of the company. Zanuck, who resigned last year as vice president in charge of production at Fox to devote himself to independent film production, will also join the company's finance Zanuck's career Darryl Zanuck committee, has been closely [Continued on page 3) Television Today Page