The Exhibitor (1962)

NEWS CAPSULES \f FILM FAMILY ALBUM Arrivals Mrs. Rebecca Young, wife of Buddy Young, United Artists’ home office publicity depart¬ ment, gave birth to a six pound, 14 ounce girl, Elise Karen, at Central General Hospital, Nassau County, N.Y. The Youngs have an¬ other child, a boy. Obituaries Rex Bell, 58, one-time western star and Nevada’s Lieutenant Governor, died of a heart attack shortly after a political picnic. He was the husband of Clara Bow, former “It” girl of the films. Earle L. Hendren, 58, president, Tennessee Theatre Owners Association, and president of Capital Amusement Company, died in an Erwin, Tenn., hospital following a heart at¬ tack. Arnold B. Huff, 73, retired theatre operator of High Point, N.C., died there. A native of Salisbury, N.C., he had theatres in Salisbury, Greensboro, Kinston, Dunn, Randleman, and High Point before retiring in 1952. He en¬ tered the business in 1914. He is survived by his wife, a son, two sisters, and a brother. Frank L. Newman, Sr., 77, who at the time of his retirement in 1954 was president of Evergreen Theatres Corporation, died in Seattle. His death marked the end of a career that spans many years in the industry. In 1925, he sold a chain of nine theatres in Kansas City to Paramount. He then operated Paramount theatres on the west coast and became general manager of Warner theatres on the coast. Earlier in his career he had theatre interests in St. Louis and Milwaukee. He came to Seattle in 1932. A Shriner and member of B’Nai B’rith, he was a former trustee of the Seattle Chamber of Commerce and a club-man. Surviving are his wife, a son, and a daughter. Jerry Wald, 49, prolific producer whose films ranged from “Peyton Place” to “Johnny Belinda,” died at his Beverly Hills, Calif., home of a heart attack. A former screen writer and newspaperman, he headed his own production company. He had in work 20thFox’s “A Woman In July” when he died. He is survived by his wife and a son. Loew's Revenues Steady NEW YORK — Laurence A. Tisch, chair¬ man of the board of Loew’s Theatres, Inc., announced that for the 39 weeks ended May 31, gross revenues amounted to $29,619,000. After providing for income taxes of $1,706,000 and depreciation of $2,273,000, a net income of $1,661,9000, equal to 62 cents per share of common stock was realized. For the com¬ parable period last year, gross revenues amounted to $30,082,000, and after providing for $1,891,000 for income taxes and $2,079,000 for depreciation, a net income of $1,628,800, equal to 61 cents per share of common stock was realized. Net income for the third quarter ended May 31, 1962 was $493,300 equal to 19 cents per share, and for the comparable quarter last year was $675,100, equal to 25 cents per share. FORMS FOR THIS PAGE CLOSED AT 2 P.M. ON MON., JULY 16 MGM Earnings Drop; Top Pix Await Release NEW YORK — Joseph R. Vogel, president of Metro-Goldwln-Mayer, Inc., reported to stockholders that the company earned $3,308,000 or $1.30 per share for the 40 weeks ended June 7, based on the 2,554,229 shares out¬ standing. In the corresponding period of the last fiscal year, consolidated net income amounted to $9,442,000 or $3.74 per share. Earnings for the third quarter of the current fiscal year amounted to $755,000 or 30 cents per share, a decrease from $2,758,000 or $1.09 per share in the third quarter of the previous year. Vogel stated that revenues and earnings for the first three quarters of the current fiscal year are substantially lower than the company had anticipated, due in large meas¬ ure to the fact that some of the biggest pic¬ tures were not completed for release as originally scheduled. Consequently, these pic¬ tures will not be reflected in revenues and earnings in this year’s profits but will be re¬ flected in revenues and earnings for the com¬ ing fiscal year. Vogel pointed to the company’s confidence in a favorable earnings trend for the com¬ ing fiscal year when “Mutiny on the Bounty” and the two MGM-Cinerama productions, “The WONDERFUL WORLD of the Brothers Grimm” and “How the West Was Won,” will be released in addition to an oustanding group of regular productions. A dividend check for 50 cents per share accompanied the report. This was voted by the board to stockholders of record June 15. At Christmas time, MGM will release “Billy Rose’s Jumbo,” starring Doris Day, Stephen Boyd, Jimmy Durante, and Martha Ray. “Lolita,” which opened in New York and Los Angeles just after the end of the third quarter, gives every indication of being highly successful at the box office. “King of Kings” has proved to be a solid success in 3/, BROADWAY A GROSSES "Hatari!" In Bright Bow NEW YORK — With holdover product ex¬ cept for Paramount’s “Hatari!,” DeMille, which opened well, the Broadway first-runs had a satisfactory week. “MR. HOBBS TAKES A VACATION” (20th-Fox). Paramount reported $20,000 on the fifth week. “THAT TOUCH OF MINK” (Universal). Radio City Music Hall, with stage show, had $116,000 for Thursday through Sunday and a fine $195,000 for the fifth week. “LOLITA” (MGM). Loew’s State an¬ nounced $36,000 for the fifth week. “EL CID” (Allied Artists). Warner re¬ ported $31,000 for the 15th week. “HATARI!” (Paramount). DeMille opened to a $45,000 week. “BOYS’ NIGHT OUT” (MGM). Victoria garnered $20,000 for the fourth session. “THE MIRACLE WORKER" (UA). Astor stated the eighth week was $11,000. “THE SKY ABOVE— THE MUD BELOW” (Embassy). Forum did $14,500 on the fourth week. “ADVISE AND CONSENT” (Columbia). Criterion announced that the sixth week was $23,000. “WEST SIDE STORY” (United Artists). Rivoli reported the 39th week hit $37,000. “JUDGMENT AT NUREMBERG” (United Artists). RKO Palace announced $21,000 for the 31st week. the neighborhood and subsequent engage¬ ments and will produce a very satisfactory return. “The Tartars” and “Boys’ Night Out” are in release. Other summertime releases in¬ clude “Two Weeks in Another Town,” “A Very Private Affair,” “I Thank a Fool,” and “Tarzan Goes to India.” Vogel stated that television and record op¬ erations continue to move ahead. Edward L. Hyman, center, vice president, American Broadcasting-Paramount Theatres, confers with Paramount Pictures executives in the first of a series of business building luncheon meet¬ ings he is conducting with the national distribution companies. Seen with Hyman, from left: Joseph Friedman, Paramount's assistant director of advertising, publicity and exploitation; Howard Minsky, western sales manager; Hugh Owen, eastern sales manager; Jerome Pickman, vice president and domestic general sales manager; Tom W. Bridge, assistant domestic general sales manager; and Edmund DeBerry, circuit sales manager. July 18, 1962 MOTION PICTURE EXHIBITOR 7