Motion Picture Daily (Jan-Mar 1957)

81, NO. 41 NEW YORK, U.S.A., FRIDAY, MARCH 1, 1957 TEN CENTS miy to Buy |S-PT Winds lb Theatre Issolutions e & New Hampshire •est Sold to Partners By J. A. OTTEN 5HINGTON, Feb. 28-AmerBroadcasting-Paramount Thealis dissolved the last remaining literest required to be dissolved | the consent decree, and is now seek court approval for new acquisitions. became known when Justice Iment officials revealed that (Continued on page 4) Denver, Cleveland s Meeting Slated I first two in a series of regional Itieetings of Allied Artists diviI d branch managers will be held leekend in Denver and CleveIt was announced yesterday by I R. Goldstein, vice-president I neral sales manager. Plans for lieting were formulated at the lay's recent studio executive lessions. I Western division meeting, at I (Continued on page 2) is to Coast for Promotion Meets pi H. Lewis, United Artists naj lirector of advertising, publicity J ploitation, will leave here today Jllywood to conduct conferences production and pre-production of the company's new $6,000,pmotion program, meetings will begin Monday (Continued on page 2) decision Sweepstakes Outdrawing Audience Awards: Stellings Special to THE DAILY CHARLOTTE, Feb. 28 The Academy Awards Sweepstakes, first phase of the industry's business building Jubilee program, which got under way with the announcement of annual nominations for Academy Awards last week, is going very well and "currently is way ahead of the Audience Awards of last year in popularity with theatre patrons," Ernest Stellings, president of Theatre Owners of America, said at his headquarters here today. Stellings is head of the Stewart and Everett Theatres here, which is participating in the Sweepstakes. Four Topics Highlight TOA Board Meeting Special to THE DAILY CHARLOTTE, Feb. 27.-Ernest G. Stellings, president of Theatre Owners of America, today reported that arbitration, industry promotion, the Minimum Wage Law and the Small Business Administration will be the (Continued on page 4) Combined Business Plan Submitted to Companies The report on combining three industry business-building plans has now been submitted to the individual distribution companies for consideration, and MPAA spokesman reported yesterday, following a meeting of the (Continued on page 2) At 38th Annual Meeting Profit Main Goal of 'New' Loew's: Vogel Stockholders Told of Changes Made in Studio Operations; Production Plans By LESTER DINOFF The new board of directors of Loew's Inc. and its management "will not be restrained by ties of the past" and will serve the interest of all stockholders without fear or favor in working to rehabilitate the company, "to make it show more pro Zanuck Resigns Post On 2Qth-Fox Board Darryl F. Zanuck, producer and member of the board of directors of 20th Century-Fox, yesterday resigned "with great regret" from the directorate, a post to which he was recently elected. The announcement,, made by Spyros P. Skouras, president of the company, stated that Zanuck had not been able to attend a meeting of the board since his election. It was further stated that Zanuck will continue to make himself available to the board and to Skouras for counsel on matters involving company policy. Zanuck felt that with five of his films scheduled to be in production in different parts of the world, it would be impossible for him to devote the necessary time and effort to (Continued on page 2) Joseph R. Vogel at the Sees Loew's Film Sales to TV Producing $40,000,000 Gross The sale of the pre-1949 Loew's Inc. film library to television stations in the U.S. will produce a gross revenue of $40,000,000, payable over a period of five to seven years, according to Joseph R. Vogel, president. Vogel yesterday told company stockholders that thus far the M-G-M feature film library has been leased to 32 stations under seven-year license deals. He said that these deals alone will produce over $34,000,000. If the company can conclude an agreement with another station, negotiations in which were expected to be finished yesterday, the revenue from this sale plus the $4,500,000 return from the sales of the pre-1949 short subjects to television, will give Loew's the $40,000,000 television gross, he explained. The industry veteran said that the sale of the short subjects to television does not include the "Tom and Jerry" cartoons. Motion Picture Daily (Continued on page 4) fit from its farflung operations, and to make its equity more valuable," Joseph R. Vogel, president, declared yesterday. Presiding over his first stockholder meeting, the 38th annual in the history of Loew's Inc. which was held Loew's State Theatre here, Vogel informed some 800 investors that he is "exploring every avenue to save corporate money" and that he is "only interested in making money ( Continued on page 5 ) To Meet Next Week on Loew's Stock Split Officers and attorneys for Loew's, Inc., Loew's Theatres and eight insurance company representatives will appear before Federal Judge Edmund L. Palmieri early next week in New York District Court to further work out compliance with the Consent Decree so as to speed up the company's (Continued on page 4) Village Trust Suit Set For Fourth Trial Special to THE DAILY SALT LAKE CITY, Feb. 28.-The fourth trial of the anti-trust suit of the Village Theatre Corp. against Paramount Pictures, Intermountain Theatres, Inc., and other defendants (Continued on page 2)