Technicolor News & Views (June 1951)

Record Details:

Something wrong or inaccurate about this page? Let us Know!

Thanks for helping us continually improve the quality of the Lantern search engine for all of our users! We have millions of scanned pages, so user reports are incredibly helpful for us to identify places where we can improve and update the metadata.

Please describe the issue below, and click "Submit" to send your comments to our team! If you'd prefer, you can also send us an email to mhdl@commarts.wisc.edu with your comments.




We use Optical Character Recognition (OCR) during our scanning and processing workflow to make the content of each page searchable. You can view the automatically generated text below as well as copy and paste individual pieces of text to quote in your own work.

Text recognition is never 100% accurate. Many parts of the scanned page may not be reflected in the OCR text output, including: images, page layout, certain fonts or handwriting.

TECHNICOLOR'S SUPER-SALESWOMAN TECHNICOLOR ANNUAL REPORT CONTINUED FROM PAGE ONE Dividends per share of capital stock amounted to $2, for a total of $1,846,300.00. (1949-12; total, $1,840,189.00.) Consolidated current assets were $8,282,- 081.87 and consolidated current liabilities were $4,082,877.59. The cash balance and United States Government obligations to- gether, including accrued interest, amounted to $6,233,230.93, on Dec. 31, 1950. “There have been approximately $533,000 invested in permanent assets dur- ing 1950, which brings to completion the expansion program started four years ago,” Dr. Kalmus said. “This expansion program was completed within the estimated cost of $3,500,000.” After giving effect to this investment in permanent assets, net current assets have decreased slightly from $4,582,200.80 as of Dec. 31, 1949, to $4,199,204.28 as of Dec. 31, 1950. The TECHNICOLOR company. Dr. Kalmus stated, “closed the year in a very strong liquid position with more than $6,200,000 in cash and United States Gov- ernment obligations; approxi- mately $4,200,000 net cur- rent assets; no bank loans; no preferred stock; no mort- gages.” In May of 1950 techni- color announced a reduction of % cent per foot for 35 milli- meter motion picture theatri- cal feature release prints on single orders of 250 prints or more and 125 prints or more of short subjects, for distribu- tion and use solely in the United States. technicolor Ltd., the British affiliate CONTINUED FROM PAGE TWO Never the one for indecision, she went ■before a meeting of Paramount executives. She dwelt on the qualities of the script, the eminence of Astaire, the star of stars. The picture deserved technicolor, she pleaded, and asked that the shooting schedule be changed accordingly. Politely, but firmly, she was turned down. 4he picture was ready to roll; Mr. Astaire had already agreed to black-and-white. That was how it would be. BETTY HUTTON 1*5': Shortly thereafter, Miss Hutton was guest of honor at the annual Press Photographers’ Ball in Washington. Among the scheduled festivities was a dinner at which she was the sole feminine guest. Among those pres- ent was Barney Balaban, president of Para- mount. CONTINUED ON PAGE EIGHT CORRECTION In the March, 1951, issue of technicolor News & Views, color photograph No. 7 on page 4 was erroneously identified as a still from the Pine-Thomas film, “The Last Out- post,” released hy Paramount. The picture should have been credited to the Nat Holt production, “War Path,” a Paramount re- lease. TECHNICOLOR NEWS & VIEWS Vol. XIII June, 1951 No. 2 Published from time to time by Technicolor Motion Picture Corp. HERBERT T. KALMUS, President 6311 Romalne Street Hollywood 38, California Margaret Ettinger, Editor company, enjoyed a record breaking in- crease in both profit and film output in its fiscal year ended Nov. 30, 1950. Net profit reported was £204,923. (1949 —£125,272.) Footage sold and shipped was 101,486,243, an increase over 1949 of 9,304,397 feet. Seven feature pictures were produced by technicolor Ltd. in 1950. With 17 feature films now in production or in act of preparation the report states that “the present outlook is that techni- color Ltd. will again exceed the record of previous years in the number of feature length productions photographed and pro- cessed by it.” A second announcement of importance during 1950 revealed that a new TECHNI- COLOR photographic system had been de- veloped, permitting use of uncorrected in- candescent lighting in color photography and decreasing the lighting requirements to a point within the range used for black and white. “Major studios have tested this new TECHNICOLOR system and the results in all cases received high praise from customers, who foresee not only important savings in production costs, but also photographic achievements hitherto unobtainable,” Dr. Kalmus said. RKO Pontages Theatre—Hollywood, California— RKO Theatres. RICHARD WICMARI! ■HAaS 0* MOW'-EILWA COLOR BY TECHHtCCLOS Wilshire Theatre—Los Angeles, Calif—Fox West Coast Theatres ■ £1M f 1 -1 A N B W.TEi Paramount Theatre—Seattle, Washington- Evergreen State Theatres Midwest Theatre—Oklahoma City, Oklahoma— Warner Bros. Circuit Management Corp. ALAN LADD Mona Frecnan] I m I ,"BRAI®ED' COLOR &r I TiECtmiCOlOR \ ; WITH 'CHAS. »tCRFOfto| ROBERT REITHI 11 day L : ; -1., ?■** «•** i*«»l swSiSSSSS United Artists Theatre — Detroit, Mich. (Left) Saenger Theatre—Birmingham, Alabama- Paramount Gulf Theatres (Right)