The Exhibitor (1966)

Retirement Benefits For Managers Aim Of New iowa-Based Association Loew's Earnings Up In First Quarter Report NEW YORK — Leow’s Theatres, Inc., an¬ nounced that the earnings for the hrst quarter ended Nov. 30, 1966, showed income from operations of $1,665,200, equal to 87 cents per share (after income taxes of $1,230,000). In addition, the company reversed the unused portion of a reserve for decline in market prices of securities owned amounting to $1,394,100, equal to 73 cents per share (after taxes of $468,000). The reserve, which had been established at Aug. 31, 1966, was charged with $127,900 of capital losses in the current quarter, and the unused portion of the reserve is not presently required. For the comparable period last year, Loew’s Theatres, Inc, reported income from operations of $1,644,900, equal to 83 cents per share (after taxes of $1,468,000), and in addition capital gains of $1,065,400 equal to 54 cents per share (after taxes of $457,000). Gross revenues for the quarter ended Nov. 30, 1966, amounted to $28,635,000, as com¬ pared with $26,758,000 for the same period last year. Lapidus Heads L.A. Tent LOS ANGELES — Alfred S. Lapidus has been elected chief barker of Variety Club of Southern California, Tent 25, for 1967, it was announced by James H. Nicholson, who con¬ cluded a two-year term as chief barker for the local Variety tent. Additional crew officers include Monty Hall, first assistant chief barker; Herbert L. Copelan, second assistant chief barker; Robert L. Lippert, dough guy; Michael Forman, prop¬ erty master; and Milton Moritz, reelected as press guy. Canvasmen for the year will be Robert H. Benton, Robert L. Cohn, Bruce C. Corwin, Gerald Lipsky, Ezra E. Stern, and William LI. Thedford. Mich. Exhibs Battle To Keep Standard Time DETROIT — Henry E. Capogna, adver¬ tising director of Butterfield Theatres, has designed an eye-catching lobby display to be used in theatre lobbys to help keep standard time in Michigan. Lobby displays are 40 x 60 and can be ordered through Copy Craft, Inc., 58 West Adams, Detroit. National Screen Service Corp. is offering a special trailer to help keep Michigan on standard time. Milton London, NATO of Michigan president, is urging Michigan exhibitors to have petitions signed and sent in immedi¬ ately. Juroe Returns To Para. NEW YORK — Charles P. Juroe has been appointed executive assistant to George H. Ornstein, Paramount Pictures’ vice-president in charge of European production. The newly-created production assignment, in which Juroe will be based in London, marks his return to Paramount, where he served for 14 years in a number of key posts, including director of advertising and publicity for Para¬ mount International Films and director of international publicity for Cecil B. DeMille’s “The Ten Commandments.” Juroe assumes his new duties in London on Feb. 6. He has resigned as United Artists’ di¬ rector of publicity and advertising for the United Kingdom and Europe to accept his new assignment. WATERLOO, IA. — Formation of the U nited Theatre Managers Association of America was announced by Don Bowin of W aterloo as president. Bowin is manager of the Waterloo theatre. 1 he chief aim of the new organization is to provide retirement benefits for theatre man¬ agers. Bowin said he has been laying the groundwork for the organization for three years. He said a poll of theatre managers in 36 states indicated the pension plan is needed and will be well received. Incorporators with Bowin are Glenn Margang, manager of the Starlite Drive-In, Water¬ loo, and Henry Cutler, Waterloo attorney. The organizers will serve as officers until sufficient members are signed up to call a general meet¬ ing which is expected to take place in about six months. Plans call for the pension benefits to be financed by a $2 a month dues from each man¬ ager and an annual benefit performance at his theatre. Cooperation from the theatre owners will be needed, but Bowin said he has talked with some of the owners and they appear to be receptive. The association is designed largely for man¬ agers of the independent theatres since the larger chains normally have their own pension plan. Managers of the independent theatres lose their pension rights when they move to another job, and under the association plan, the benefits will move with them. Wometco Dividends Set MIAMI — Wometco Enterprises, Inc., de¬ clared a regular quarterly cash dividend of 15j/2 cents on class “A” stock and 5J4 cents on class “B” stock. Dividends are payable March 15 to stock¬ holders of record March 1. In announcing the payout, the board again stated that the divi¬ dend payment adhered to its previously an¬ nounced intention of paying quarterly cash dividends at the annual rate of 62 cents on class “A” stock. Shares now outstanding total 2,223,416. The board announced the annual meeting would be held April 10 in Miami, with stock¬ holders of record as of March 10 to be entitled to vote. The Wometco board meeting was held in Freeport, Grand Bahama Island. Wometco’s wholly-owned foreign subsidiary, Wometco International, Ltd., has a one-third interest in Grand Bahama Theatres, Ltd., in Freeport. Para., Rank In Deal NEW YORK — The newest in a series of important agreements with leading overseas film-makers has been concluded by Paramount Pictures with the Rank Organization of Great Britain, it was announced by George H. (Bud) Ornstein, Paramount vice-president in charge of European production, and F. L. Thomas, managing director, Rank Organization Film Distribution Division. Two films are involved in the agreement: “The Long Duel,” starring Yul Brynner and Trevor Howard, and “Maroc 7,” starring Gene Barry, Elsa Martinelli, Cyd Charisse, and Leslie Phillips. Both motion pictures will be released in the Western Hemisphere by Paramount and in the Eastern Flemisphere by Rank. Edward Miller, manager. Center, Buffalo, attracted a lot of fair sex attention when he turned his lobby on opening night of "Penelope" into a fashion couturier's workroom, where students and models of the Mrs. Eve M. Klipfel fashion school in Amherst displayed the methods used by Edith Head in designing the fashions worn by Natalie Wood in the Warner Bros. Production. 1 1 January 18, 1967 MOTION PICTURE EXHIBITOR