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ll. [BTEENATIONAL PICTURES, INC. i
Mr. Sears stated that it is now possible tc make a distritution deal with International Pictures, Inuc., the principal owners of which are William Goets and Leo Spits. They have Wonnally Johnson, Gary Cooper and various and suri.sg cther assets as well as the ability to finence their pictures. Ip order to make a deal however, it will be necessary to compete with B.K.O. It was the sense of the meeting that Mr. Sears enter into
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negotiations with International Pictures, Inc.
Mr. Mills stated that Mr. Chaplin requests a one year renewal of his Streamliner contract. The date of the contract is uncertain mt it provides for the delivery of six pictures within one year. Mr. i has not delivered any Streamliners under this contract. Mr. Raftery stated that the contract is dated February 23, 1944, the same date as the Veaguard and Pickford Streamliner contracts. There was considerable discussion concerning the scarcity of raw stock and the fact that Vanguard Films, Inc. an4 The Pickford Corporation intend to make Stremmliners and + would also desire similar one year extensions of their agreements. Mr.
Sears produced figures showing that the corporation's sébsirenente from Decesbter Lith to December Slst, 1944 for production and domestic and foreign prints amount to 6,899,625 feet whereas the balance of unused quote on December llth for the last quarter of 1944 is 3,345,843 feet, showing a deficit of 3,553,782 feet. It was the consensus of the Board that in view of the scarcity of raw stock consideration of the extension
of the contracts of the three awmers be postponed until a later atoting.-Gma,, inn