Motion Picture Daily (Apr-Jun 1959)

MOTION PICTURE DAILY 85, NO. 76 NEW YORK, U.S.A., WEDNESDAY, APRIL 22, 1959 TEN CENTS Ahead Bar Loew Theatres from Using 'MGM'; Joint Statement v — m**mu -www. W *cord Net Will Change Name of Radio Station Conditions for Fabian r Quarter, df for S-W ts Revenues Also Show s for Both Periods lley Warner Corp. and subsidvesterday reported that profits ith the second quarter and the alf of the jury's curiscal year |j the largn its hisNo breakof earn.of theatre tions and I was sup H. Fabian, Lent, re1 that net Ike for the mth pe ■nded Feb. 28 last was $2,253,^qual to $1.11 per share, com(Continued on page 5) {MO) Becomes fi Alden Corp. Special to THE DAILY LKES-BARRE, Pa., April 21.ndustries Corporation today was :d into Glen Alden Corporation ng a company with assets of than $132,000,000. The RKO re circuit is owned by List Ines. m uncement that the merger had (Continued on page 5) ■v UPA Shorts Plan nounced by Haines From THE DAILY Bureau )LLYWOOD, April 21. Roy ■s. newly-appointed general sales ger of UPA Pictures, will instia new short subjects sales plan sure a continuing supply of top ty cartoon shorts on a selling [Continued on page 4) From THE DAILY Bureau WASHINGTON, April 21.-Loew's Theatres, recently divorced exhibition arm of Loew's, Inc., may not "in any way or at any time" use the name MetroGoldwyn-Mayer or the letters MGM as part of any present or future cor : porate identification, according to papers filed with the Securities & Exchange Commission here. As a result of this agreement between the two companies, Loew's Theatres has until next month to change the name of its subsidiary, WMGM Broadcasting Corporation, which operates radio station WMGM in New York City. Out of consideration for the "established" reputation of the radio station, however, it has been agreed that ( Continued on page 5 ) Schaefer Vice-President Of Carlyle Productions Special to THE DAILY ISHPEMING, Mich., April 21Otto Preminger, who is directing "Anatomy of a Murder," here, has a n n o u n ced that George J. Schaefer, veteran distribution executive, has joined Carlyle Productions as vice president in charge of sales. S c h a e f er, whose appointment becomes effective i m mediately, is a former president of RKO Radio Pictures and previously was top sales (Continued on page 4) B&K's 1958 Profit Rises to $362,529 Special to THE DAILY CHICAGO, April 21. Balaban and Katz reported earnings $1.38 per share for 1958 as against $1.28 per share for 1957 at its annual meeting of stockholders here today. Total profit after taxes amounted to $362,529 for 1958 as compared to $336,284 for 1957. A $2.50 dividend for stockholders of record on Jan. 3 remains. The present directors: David B. Wallerstein, Elmer C. Upton, Arthur A. Goldberg, Simon B. Siegel, Leonard (Continued on page 4) Pact Review Stated by U.A. Heineman Meets ivith TO A Leaders; Reiterates Policy Tenn. T.0. Afeef Hears Report on TOA Action Special to THE DAILY NASHVILLE, April 21. Theatre Owners of America is now trying to salvage material originally intended for the industry's defunct Business Building Campaign for distribution as a package to exhibitors, George Roscoe, TOA director of exhibitor relations, told the convention of the Tennessee Theatre Owners Association at the Hermitage Hotel here today. Roscoe said that the records pre(Continued on page 4) George Schaefer W1SION TODAY— page 5 Kansas Attorney General Reverses Self After Holding Films on TV Subject to Censorship Special to THE DAILY KANSAS CITY, Kan., April 21.-Reversing an opinion given last week, John Anderson, Jr., Kansas attorney general, today said that the State Board of Review is not required to approve all films shown on television stations in the state. c. The State Censor Board has no authority whatever to pass on any nims shown on television stations in Kansas, since the stations are under the licensing jurisdiction of the Federal Communications Commission. While changing signals regarding television films, Anderson reiterated that "motion picture films or reels publicly exhibited by Kansas University and Kansas State University ... and publicly displayed 16-millimeter film in the state of Kansas would be subject to examination and approval by the Board of Review." A pledge that any exhibitor who is unreasonably hurt by United Artists' contract terms would be given a thorough review of his complaint and could obtain relief if warranted has been made by William J. Heineman, U.A. vice-president in charge of distribution, as a result of discussion of the company's recently announced "look-see" policy, it was revealed yesterday by Theatre Owners of America headquarters here. The assurances were part of a three-point statement on the policy, jointly announced by Heineman, George G. Kerasotes, TOA president, and Albert N. Pickus, chairman of the TOA executive committee. The three met here last Thursday to discuss the new U.A. "look-see" policy and attempt to clarify it further, according to the announcement. While the joint statement reiterated earlier assertions by Heineman that relief would be granted exhibitors if (Continued on page 2) Midwest Owners Form Business Builders Ass'n. Special to THE DAILY KANSAS CITY, April 21. An organization designed to bolster theatre attendance in the midwest was organized here yesterday at a meeting of area film circuit leaders and publicity staffs at the Hotel Muehlebaeh. The newly formed group, whose (Continued on page 4) Goldwyn Here May 15 On 'Porgy' Premiere Samuel Goldwyn is expected to arrive in New York May 15 to personally supervise activities in connection with the world premiere of his "Porgy and Bess" at the Warner Theatre on June 24. The producer will remain in New York following the premiere for con(Continued on page 4)