National Archives and Records Service film-vault fire at Suitland, Md. : hearings before a subcommittee of the Committee on Government Operations, House of Representatives, Ninety-sixth Congress, first session, June 19 and 21, 1979 (1979)

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416 Preservation Criteria Ncv/sreels in the private sector are being saved essentially for their "stock shot" value, that is, for the potential they represent in dollars in the sales of excerpts to television and motion picture producers v/ho wish to incorporate such footage into nevj productions. With the exception of the Hearst library no longer maintained as a individual unit, ncvjsreel stock shot libraries aim to be financially self-supporting. Commercial sales are therefore the first priority, perhaps even the only priority, Among the five majors that dominated the history of the American newsreels Oilly Fox and Hearst retain their original archives. In view of the commercial goals, however, these newsreel archives are company records only In on Incidental or secondary sense. The Pathe and Paramount nev/s archives v;ere eventually sold to the Sherman Grinberg Film Libraries. This poses the question whether these nev;sreels should still be considered the archives of Paramount and of Pathe since the continuity of ownership and custody has been broken. Reality, however, demands the preservation of what survives or nothing at all. Only Universal Pictures has shown a genuine concern for preserving a record of its nev;sreel past by its generous donation of the Universal Kewsreel Library to the National Archives, a donation that went beyond an obvious tax advantage. The major holdings of American newsreels are briefly summarized below: Mi 1 1 ions of Feet Nitrate Safety Total John E. Allen, Inc. 15 15 Fox-Hovi clone News 1*3 2U 73 Sherman Grinberg Film Libraries 2k 2 26