Motion Picture Herald (Jul-Aug 1947)

PARTNERS AWAITING APPEAL {Continued from preceding page) two houses, and Ozark Enterprises, 50 per cent, six houses. Minnesota, Amusement. Paramount owns more than 95 per cent of this company, but Minnesota has 50 per cent interests in the following: Fairmont Theatre Company, two theatres; Madison Theatre Company, two; Rochester Amusement Company, four; Welwork Theatres of Wisconsin, two, and Winona Theatre Company, four. New England Theatres, Inc. Paramount owns more than 95 per cent of the company, but New England owns percentages in the following: 50 per cent of the voting and 60 per cent of the participating stock of Rockland Amusement, three houses; 50 per cent of the voting and 60 per cent of the participating stock in Rutland Enterprises, three; Haverhill Operating Company, 50 per cent, two; 51 per cent of the voting and 25 per cent of the non-voting participating stock of Allied Theatres of Bangor, four; Black and Churchill Theatres, 50 per cent, four, and Brockton Olympia Realty Company, 50 per cent, one house. Publix Netoco Theatres, 50 per cent by Paramount, 50 per cent by New England Theatres Operating Company, 15 houses. Publix's interests include: Connecticut Theatres Operating Company, 75 per cent, one house; Rivoli Theatres, 75 per cent, two; Dudley Amusement Company, 64.655 per cent; Roslindale Holding Corporation, 71 3/7 per cent, seven; Jamaica Amusement, 57.414 per cent, two; Allston Theatres, Inc., 50 per cent, three; Arlington Theatres, Inc., 50 per cent, one; Bayside Theatres Corporation, 50 per cent, one; Elizabeth Theatres, Inc., 50 per cent, two; Walthan Netoco Theatres, 50.1 per cent, four; Newton Amusement Corporation, 33 1/3 per cent, one ; Massachusetts Operating Company, three; Taunton Operation Company, 30 per cent, one, and Taunton Theatres, 30 per cent, one theatre. Notopoulas Operations: Pennler Theatre Corporation, 50 per cent, two houses; Fennware Theatre Corporation, 50 per cent, one. Pennware owns 66 2/3 of Alpen Theatre Corporation, four houses. Paramount Hollywood Theatre Corporation, 50 per cent, one theatre. Paramount-Nace. This is owned more than 95 per cent by Paramount, but has interests in the following: Studio Theatre, 50 per cent, one house; Phoenix Drivein, 30.59 per cent, one house. Paramount Pictures Theatres Corporation has a 50 per cent interest in joint operations of three Newburgh, N. Y., houses, and a 50 per cent interest in the joint operation of the Rivoli theatre. New York City. Paramount Richards Theatres, 50 per cent, 37 theatres. This company has interests in the following: Saenger Theatres of Texas, 100 per cent, four theatres; Capital Theatres, 50 per cent, five; KenningtonSaenger Theatres, 50 per cent of common stock, four houses; 50 per cent of the common and 45.7 per cent of the preferred stock of Richards-Lightman Theatres Corp., 15 houses; 100 per cent of the Helena, Hope and Pine Bluff Enterprises; Saengcr-Ehrlick Enterprises, 50 per cent, eight houses; all outstanding preferred and common stock of the Paramount-Richards Enterprises, Inc., five houses. In turn, P-R Enterprises owns percentages of the following: Chickasaw Amusement, 100 per cent, one house; 43.1 per cent of the preferred stock of Kennington-Richards Enterprises, one house; 50 per cent of the Richards Ehrlick Enterprises, one house. Penncom Corporation, 50 per cent of the common stock and all of the preferred stock. This corporation owns 100 per cent of the Comerford Publix Theatres Corporation, 58 houses, and 100 per cent of the Comerford Publix Corporation, owning sites only. C-P Corporation, in turn, owns 50 per cent of the Forty Fort Theatres, Inc., two houses; and 50 per cent of the Leban Theatres Corporation, three houses. Penncomm Corporation also owns 100 per cent of the Midas Theatres Corporation, three houses, and 100 per cent of Monroe Amusements, Inc., three houses. Pub'ix Bamford Theatres, Inc., 75 per cent, eight houses. Publix Wheeling Theatres Corporation, 50 per cent, one house. Straham Theatre Corporation, 50 per cent, one house. United Detroit Theatres, owned more than 95 per cent by Paramount, has interests in the following: 50 per cent in the Royal Theatre Corporation, 50 per cent in the United Artists Theatre Corporation of Michigan, and 75 per cent in the Alger Theatre Corporation, each with one house. Western Masachusetts Theatres, Inc., 52 per 'cent, 19 houses. WARNER BROS. Warners owns the Atlantic Theatres, Inc., operating the Birch Opera House, Burlington, N. J., and the Criterion, Moorestown, N. Y., in equal partnership with Mr. and Mrs. Ben Amsterdam. Warners leases 12 other houses in the territory and sublets them to Atlantic Theatres. No arrangements made for terminating the agreement. The company owns 50 per cent of the Mt. Oliver Harris theatre, Mt. Oliver, Fa.; the Shady side, Pittsburgh; the MacArthur, Washington, D. C, and a site for another house in Washington. The company owns all the A stock of the company operating the Griswold, Troy, N. Y. In Youngstown, O., Warners owns and operates the Warner theatre, the Shea circuit leases and operates the Park, and both Shea and Warner share the operation of the Paramount. Profits on all three houses are split equally. Warners advanced a plan for Warners and Shea to operate their own houses separately, and either one or the other take over the Paramount. No agreement has been reached. The Allen Cleveland, is the only theatre in which Warners has a beneficial interest with another defendant (RKO). If Warners is unable to renew its lease on the Hippodrome in that city, it has agreed with RKO1 that it will take over the Allen. In Springfield, Ohio, Phil Chakeres is associated with Warners in the operation of the Ohio, Regent, Fairbanks and State theatres. Warners has offered to take over the Regent and Fairbanks for its sole benefit. Chakeres would take over the State for his sole benefit, and an agreement on the Ohio would have to be reached. Warners says Chakeres insists on sale of all interests by either one party or the other. The report to the court listed the following theatres withdrawn from pooled operation: Hammond, Ind.: Warners' Parthenon and Orpheum, and Paramount's Paramount. Brooklyn: Warners' Strand and Paramount's Fara. Cleveland: Warners' Hippodrome and Lake, and RKO's Palace. Philadelphia: Warners' Circle, State and 69th St., and Paramount's Frankford, Nixon, Roosevelt and Tower. Albany: Warners' Madison, Ritz and Delaware, and Fast Theatres' Grand and Leland. Troy: Warners' Amsterdam, Lincoln and Troy, and Fast Theatres' Griswald. Pittsburgh: Warners' Ritz (transferred to Loew's), Stanley and Warner, and Loew's Penn. Oklahoma City: Warners' Folly, Liberty, Midwest and Warners, and Paramount-Cooper's Criterion, Plaza, Capitol, Ritz, Tower and Victoria. Newark: Warners' Capitol (Belleville) and Regent, and Lou Levin's Elwood and Mt. Prospect. Montclair, N. J.; Warners' Claridge, Welmont and Royal (Bloomfield), and Rapf and Rudin's Bellevue and Center (Bloomfield). Jersey City: Warners' Ritz, Regent, Oritani (Hackensack) and Stanley, and Skouras' Liberty, Fox ( Hackensaek), and State. Philadelphia: Warners' Vernon and William Goldman's Bandbox. Harrisonburg, Va.: Warners' Virginia and Valley Enterprises' State and Strand. Kearney, N. J.: Warners' Hudson and Kearuth Theatres' Regent. Orange, N. J.: Warners' Embassy and Hollywood (E. Orange), and Ledirk Amusement's Palace. Mausfield, O.: Warners' Ohio, and Fergum Theatres Ritz and Madison. Milwaukee: Warners' Alhambra, and Standard Riverside Company's Riverside. Philadelphia: Warners' Oxford, and F. H. Friedman's Lawndale. Salem, Ore.: Warners' Capitol and Elsinore, and William R. Forman's Grand, Liberty and State. Vineland, N. J.: Warners' Globe and Grand, and Cumberland Holding Co.'s Landis. RKO RKO Radio reported that it had dissolved pooling operations in St. Paul, Minneapolis, Rochester, Yonkers, Cleveland, New York, Dubuque, Grand Rapids and Syracuse. In compliance with the decree. RKO has relinquished holdings in the Grand and Palace, Albany; in Proctor's, Schenectady; the Plaza, Schenectady, and Proctor's in Troy. In an agreement with Fox Midwest, RKO took the Mainstreet in Kansas City, Mo., and Fox took the Orpheum theatre in the same city, subject to court approval, as are all other deals. Both houses were jointly owned by the two companies. On December 4, 1946, the company reported, it sold its 10 per cent interest in Affiliated Theatres to Arthur Sanford, operating six houses in Sioux City. RKO reported it operated the Orpheum, Denver, which is owned by Loew's. The company further reported these holdings: Ten per cent of W. S. Butterfield Theatres, Inc., operating 90 theatres in Michigan. Thirty-three and a third per cent in Butterfield Michigan Theatres, operating 22 houses in Michigan. Twenty-five per cent of B. & J. Theatres, operating five in the suburbs of Grand Rapids. Thirty per cent of the Parkhill theatre, Yonkers. Twenty per cent of Metropolitan Playhouses, which has interests in 136 New York Metropolitan area houses. Sixty-five per cent of corporation's interest in seven Bronx, N. Y., houses. RKO shares on a 50-50 basis with Skouras Theatres the Midway theatre, Forest Hills, N. Y., and Proctor's,Newark, N. J. The company owns a 50 per cent interest in the Trenton-New Brunswick Theatres Company, operating 11 houses in Trenton, New Brunswick and Highland Park, all in New Jersey. Walter Reade owns the other 50 per cent. RKO' reported it offered to buy or sell a 50 per cent interest at $1,600,000, but that Mr. Reade only wanted to buy— and to buy at book value of the stock, which, RKO said, is only onefifth of the market value. RKO and the Hollywood Pantages Theatre Corporation share profits on the Pantages theatre, Hollywood, owned by Pantages, and the Hillstreet theatre, Los Angeles, owned by RKO. However, reported RKO, the theatres are not in "normal competition within the meaning of the decree." MGM Metro-Goldwyn-Mayer listed ownership of between five and 95 per cent in conjunction with independents in the following situations: Criterion, Stoddard and Olympia, New York; Valencia, Century and Parkway, Baltimore; Loew's United Artists, Louisville; Penn, Pittsburgh; Broad and Columbus, Columbus, Ohio; Carlton, Providence; Rhoades, Atlanta; Carrilon and Lee, Richmond, and Penn, West Reading. The company reported that it has a 43J4 per cent interest in conjunction with another defendant and an independent in Buffalo Theatres, Inc., comprising nine houses in Buffalo and one each in Niagara Falls, Lackawanna, and Kenmore, all in New York. Loew's also shares the Orpheum, Colorado, on a 50-50 basis with another defendant. TWENTIETH CENTURY-FOX The following agreements, leases and joint interests (pooling agreements) have been terminated by National Theatres Corp., a wholly owned subsidiary of 20thFox: For the joint operation of the Mesa, owned by National, and the Leimert, owned by an independent, both in Los Angeles, with National having no further interest in the Leimert. The joint operation of the El Capitan, leased by National, and the Rialto, owned by a corporation in which National has a minority interest, both in San Francisco. The Fifth Avenue theatre, Inglewood, owned by National, and the Alto, Los Angeles, owned by an independent, with National having no further interest in the Alto. For the operation of the El Rey and Coronet, in which National has an interest; the Alhambra, in which National formerly had an interest, and the Garfield, owned by an independent, all in Alhambra, Cal., with National having no further interest in the Alhambra and Garfield. The joint operation of the Carmel and Fairfax, Los Angeles, in both of which National has an interest. The agreement for the operation of Loew's State, United Artists Downtown, Chinese and Four Star theatres, Los Angeles. National has no further interest in the UA Downtown. The agreement providing for a division of profits from the operation of the Senator, Capitol, Rio, Hippodrome and Alhambra, Sacramento. National has no further interest in the Alhambra. For the division of profits of the Golden Gate, Belvedere Gardens, Cal., with the UA Theatres Circuit. For a division of profits from the operation of the Los Angeles theatre, Los Angeles, with UA Theatre Circuit. The agreement for the joint operation of the Gateway and Glen theatres, Glendale, Cal. National is the lessee of the Glen and has a minority interest in the corporation owning the Gateway. For the joint operation of the Rialto, South Pasadena, Cal. (leased by National) ; the Lyric,, Monrovia, Cal., and the Ritz, South Pasadena (leased by an independent), and the Monrovia theatre, Monrovia, Cal., the lease to which is jointly owned by National and an independent. National has no further interest in the operations of the Lyric and Ritz. The joint operation of the Granada (leased by National), the California (owned by an independent), and the Park, Ontario, Cal., the lease to which is jointly owned by National and an independent. National has no further interest in the California. The joint operation of the Fox, California, Rex and Kern theatres (owned or leased by National), and the Nile (owned by an independent), Bakersfield, Cal. National has no further interest in the Nile. The joint operation of the Balboa, Egyptian, Fairmount and North Park theatres (owned or leased by National), and the Aztec, Mission and Plaza (owned by an independent), San Diego. National has no further interest in the Aztec, Mission and Plaza. The joint operation of the Maejstic, Granada and Reno theatres (owned or leased by a corporation in which National has a minority interest) and the Nevada (leased by National), Reno, Nev. The joint operation of the Fox and Lido (owned by National), the Golden State (owned by an independent), and the De Anza theatre (owned jointly by National and an independent), Riverside, Cal. National has no further interest in the Golden State. For the division of profits of the Rialto (in which National has an interest) and the Roxie (operated by an independent), Los Angeles. National has no further interest in the Roxie. (Continued on page 20) 14 MOTION PICTURE HERALD, JULY 5, 1947