Motion Picture Herald (1953)

People in Z)L U e In ^Jh,e I leu/S iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiitiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniir Monogram *.v Year Profit is sat HOLLYWOOD : S. Broidy, president, last week announced that consolidated net profit before taxes shown by Monogram Pictures Corporation for the fiscal year ended June 27, 1953, was $761,113, compared with $589,259 for the preceding fiscal year, as disclosed in the company’s annual report just released. After provision of $350,000 for Federal income taxes, the net income amounted to $411,113 as compared with $589,259 in 1952 when no provision for Federal income taxes was required. The 1953 net income was equivalent to 53 cents per share on the 775218 shares outstanding at the year end. These per share earnings were not adjusted for the 10 per cent stock dividend paid July 10, 1953, which increased shares outstanding to 852,739. Last year’s gross income of $9,994,000 compares with $9,223,700 recorded in 1952. Mr. Broidy further announced two important matters which will be presented to the stockholders at the annual meeting November 12, 1953 : ( 1 ) the proposed increase from 1,000,000 to 1,500,000 in the number of authorized shares of $1 par value capital stock of the company; and (2) a change in the corporate name of the company to Allied Artists Pictures Corporation. The management is recommending that the stockholders approve these two proposals. Carl Cooper Succeeds Brewer On Hollywood Film Council HOLLYWOOD : The Hollywood Film Council has unanimously elected Carl Cooper, new coast chief for the International Alliance of Theatrical Stage Employees, as its president. He succeeds Roy M. Brewer, whom he also succeeded in the IATSE post. Mr. Cooper is an IATSE vice-president. Before Mr. Brewer’s appointment in 1946 during the great strike at the studios, Mr. Cooper had been in temporary charge there. His appointment currently is linked to contract negotiations with the studios. The council reelected Ralph Clare, business agent for studio drivers local 399, as vice-president, and also all its other officers. Buck Harris, Screen Actors Guild and Screen Extras Guild public relations executive, was given a similar job by the council. Aboaf Shifts Overseas Universal international Personal realignments in the overseas personnel of Universal International were announced this week by Americo Aboaf, vice-president and general sales manager. Tony Garcia, formerly Trinidad manager, becomes Venezuela general manager, replacing Robert Ferber, resigned. Walter Lampert, formerly with the J. Arthur Rank Murray Silverstone, president of 20th Century-Fox's International Corp., left New York Monday on a three-month trip to Europe, the Middle and Far East. Herbert Gelbspan, in charge of Hal Roach Studios in New York, has been elected vice-president in charge of sales. Chester Friedman has been named press representative of MGM Films, Ltd., of Canada, with headquarters in Toronto. Sid Rose, Chicago branch manager for United Artists,, will resume his former post as sales manager of that branch to lessen his duties because of ill health. Robert Hilton, head of the print department of United Artists, has resigned. Herb Jaffe, television film syndication executive, has been appointed eastern sales manager of Motion Pictures for Television, Inc. Grace Weiss, for years eastern representative for Hal Roach, has opened her own showroom in New York as eastern distribution agent for the Niagara Pulsator Corporation. Organization, takes over Trinidad. Y. K. Yao, formerly head of the China office, goes to Singapore, replacing Wallace Orr, who goes to Japan as general manager. Mr. Orr replaces Arthur Doyle, who was appointed eastern and far eastern supervisor. Geoffrey Boret, assistant to managing director William Broun in India, becames manager in Indonesia, replacing George Hyder, resigned. Charles Oecsner, formerly with MGM in Switzerland, replaces Andre Cosandeym resigned, in the Swiss office. Restaurant Owner Shows Plight of Greek Orphans A gesture of patriotism and philanthropy has brought a San Francisco restaurant owner into the film business. Peter Boudoures, owner of the Maison Paul, San Francisco, is in New York negotiating for release of the film he made in Greece, “The Barefoot Battalion.” Mr. Boudoures, active in Greek affairs during the war, Greek War Relief director, and in 1945 in Greece with the UNRRA, took $150,000 to that country in 1952, and until June of this year filmed the plight of the post-war orphans. It results in a documentary which he hopes art film theatres may use. He may distribute himself to such theatres if a national distributor doesn’t take it. Gregg Tallas produced and directed, from Rollin K. Stonebrook has been appointed manager of theatre sales division of Cole Products Corp. Hy Levine, veteran Connecticut film distributor, was honored October 7 at a Hartford dinner-dance sponsored by the Variety Club of Connecticut, Tent No. 31. Robert E. Lee, chief investigator of the House Appropriations Committee, has been named by President Eisenhower to be a member of the Federal Communications Commission. He replaces Paul A. Walker, whose term expired, Wallace Walthall, a charter member of Dallas Variety Tent 17, was presented a gold life membership card in the club. Spyros Skouras, president of 20th CenturyFox, was presented a special scroll honoring him and “The Robe” Wednesday in New York by the Motion Picture Committee of the General Federation of Women’s Clubs. Harry Joe Brown will continue to function as west coast representative of the Motion Picture Pioneers and Foundation of the Motion Picture Pioneers, it was announced this week by Jack Cohn, president. a screenplay by himself and Nico Katsiotes. The Athens Symphony provides a musical background. Leo Kachther wrote the English subtitles. Mr. Boudoures said in New York, Monday : “I have seen a lot of misery, especially of children. I thought then the story should be told to the world. The penalty children paid in Greece would be the penalty children may pay here.” Golden Says Spanish Eager For Co-Production Deals Production interests in Spain are “eager” to make co-production arrangements with American factors, Herbert Golden, of the amusements industries division of the Bankers Trust Company, said in New York last week after his return from that country. He added the Spaniards have many pesetas to invest; all that is needed is American stars, directors, and scripts. He also declared Spanish production facilities are adequate. Madrid alone has three large studios, he said. The country also has ideal production weather. Some productions currently in Spain are “The Black Knight,” for Columbia, starring Alan Ladd, and being made by Irving Allen and Cubby Brocolli, and “Blood and Light,” starring Zsa Zsa Gabor, for a French company. Mr. Golden also stated English production hadn’t improved, but its economy and optimism had, in respect to future operations. MOTION PICTURE HERALD, OCTOBER 17, 1953 29