Motion Picture Daily (Oct-Dec 1959)

Motion Picture Daily I Thursday, October 22, 195S,! 3 ^u3 TP □ cm — Moiion Picture Daily WALT DISNEY'S Third Mrn ontmi Mountain TECHNICOLOR® Compo Meet (Continued from page 1) membership, subject to confirmation by the member organizations which they represent. The triumvirate is comprised by Abe Montague, Columbia Pictures executive vice-president, representing distribution company members of the Motion Picture Association of America; Sam Pinanski, president, American Theatres Corp., Boston, representing Theatre Owners of America, and Marcus, head of Marcus Theatres Management Co., Milwaukee, representing Allied States. Other officers are: Herman Robbins, president of National Screen Service, treasurer; Sidney Schreiber, general counsel of MPAA, secretary, and Charles E. McCarthy, information director. McCarthy to Report McCarthy will make the annual report to the meeting, covering Compo's recent work in opposition to censorship and other measures opposed by the industry and on behalf of legislation favored by it, as well as other activities. Manning Clagett of MPAA also will report to the meeting on censorship legislation. Pickus' research committee has held several meetings recently and his report is expected to indicate the prospects of any significant action in this field for the near future. Industry research for a time was a project of the American Congress of Exhibitors but since Compo had a research committee organized and working, ACE relinquished the project to it. Tax Drive on Agenda Reports also will be made on the work of the Compo national publicity network and on the status of the continuing campaign for abolition of the Federal admission tax. It is expected that about 50 representatives of the various organizations comprising COMPO will be present from all over the country. These organizations are Allied, TOA, Metropolitan Motion Picture Theatre Association, Independent Theatre Owners Association, Motion Picture Association of America, Society of Independent Motion Picture Producers, Variety International and the trade press committee. Paramount Theatre in Asheville, to Close Special to THE DAILY ASHEVILLE, N. C, Oct. 21.Manager Easton L. Hulme says the Paramount Theatre, an AB-PT operation, this city, will close its doors next Saturday night, after almost 50 years of operation. "The Paramount has suffered the same fate befalling many second-run theatres across the country," Hulme explained. Formerly known os the Majestic, the Paramount was once the home of many vaudeville shows and was recognized as one of the finest theatres in Asheville from an acoustical standpoint. -Variety r WALT DISNEY'S Third Mrn onthe Mountain TECHNICOLOR® RCA 9-Month Earnings Up 38% Over Last Yeat Net profit from sales of product) and services of the Radio Corporation of America and its subsidiaries for th< first nine months of 1959 amounted ti $27,300,000, representing an increase of 38 per cent over the same periot ; last year, it was announced by Davie, Sarnoff, chairman of the board, an<j John L. Burns, president. Sales for the first three quarter!! totaled $978,200,000, compared witf $834,800,000 for the period in 195^ an increase of 17 per cent. Third quarter sales amounted t| $344,500,000, compared with $292/ 200,000 for the quarter in 1958. Nej profit after Federal taxes totaled $7] 900,000, compared with $6,300,001 for last year's third quarter. Earnings per share of commof stock for the third quarter amountej to 51 cents, an increase of 28 per cer| over the quarter in 1958, and brought the total nine-month earnings ptj share to $1.80, an increase of 43 pej cent over the first three quarters cj 1958. Singapore Tax (Continued from page 1) rived from Singapore but to thosl transmitted there from all of Malay as well. Thus, removal of the offic would at least reduce the taxable i come. The board also heard a report oj the consolidation of all American dis tribution operations for Australia i Sydney. Branch offices in other Aus tralian cities will be dispensed wit in the move, understood to have bee: dictated by the need for economies i Australian operations. Favors Mexican Festival The board has virtually agreed t enter the Mexican film festival to b held in Mexico City, Nov.25-Dec. 1$ Actually, the event consists of show ings of only those films which havj won awards in film festivals els where. American films such as "Co pulsion," "The Black Orchid" an others would qualify. The America participation is regarded as a goo will gesture, perhaps influenced b the recently announced decision t open a new Western Hemisphe MPEA headquarters in Mexico Cit with Robert J. Corkery, MPEA vie president, in charge. The board also heard reports on th progress of negotiations for a ne\ film import agreement with Pakista; to replace the one which expired las June, and on the status of local labc and censorship problems in Brazil. WB Host in Albany ALBANY, N. Y., Oct. 21. -Warn? Bros, will play host to exhibitors | an "open house" in its new quarter at 991 Broadway here Nov. 6, fror 3 to 5 P.M. Division manager Ralp Iannuzzi and branch manager Herbei Gaines will greet the guests. The ai fair will be part of the "Operatio: Christmas Tree" drive.