Word: balaban
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Dates: during 1930-1939
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Hardest hit by the Bank Night ban was the Balaban & Katz chain of 39 Chicago theatres whose Bank Night profits are estimated at $60,000 a week. First move of Balaban & Katz was to discontinue Bank Night in all their theatres...
from earlier days. Mr. Odium put in as RKO's president Lawyer Leo Spitz of Chicago, who had been counsel for the old Lubliner & Trinz theatre chain there, later with Balaban & Katz and finally with Paramount. Radio's Sarnoff resigned as chairman of RKO and NBC's Aylesworth was moved upstairs. RKO finished 1935 with $684,733, its first profit since...
...report. Though the management has been turned upside down, Mr. Kennedy did not proceed with his work, his connection with the company having ended July 1. Old Chairman Adolph Zukor had already been shipped to Hollywood to try to straighten out production. President John Edward Otterson was fired, Barney Balaban, an experienced showman taking his place (TIME, July 13). Other showmen were added to the board to replace businessmen directors. Since Mr. Kennedy first looked at it last May, the Paramount Picture has brightened considerably...
Eldest of the seven sons of a Russian immigrant who ran a grocery store on Chicago's West Side, Barney Balaban got into cinema in the days of the nickelodeon. His only sister was the wife of Sam Katz. Balaban and Katz were the first theatre owners to cool their patrons in summer with mechanical refrigeration, an innovation presumably inspired by Barney Balaban's early experience in the cold-storage business. They were the first to cut dull shots from newsreels, the first to go in for super-colossal theatres. Balaban & Katz became the biggest theatre-chain...
...chain was sold to Paramount for about $10,000,000 in stock, Barney Balaban becoming the biggest Paramount stockholder except old Adolph Zukor. Sam Katz went into Paramount and out again while Barney Balaban stayed on to run his chain as a Paramount subsidiary. Now 48, reserved, deliberate, hardworking, he lives on Chicago's North Shore, is active in Jewish affairs, takes a great interest in the Chicago Riding Club and the Arlington (Ill.) race track, both of which he helped found. Taking a sly poke at Wall Street's various unsuccessful attempts to run a Hollywood enterprise...