Word: balaban
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Dates: during 1940-1949
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Movies. At a televised meeting in Manhattan, stockholders of Paramount Pictures, Inc. approved separation of the company's motion-picture and theater divisions, as provided by the consent decree between Paramount and the Department of Justice (TIME, March 7). As of next Jan. 1, President Barney Balaban will be head of a new Paramount Pictures, Inc., and Leonard Goldenson will become president of United Paramount Theaters, Inc., operating or owning 1,424 movie theaters...
Paramount President Barney Balaban put on a brave front. Said he: "The consent judgment . . . opens the way to one of the most constructive moves in the history of the corporation." But the constructive move broke up one of the biggest and most profitable U.S. movie companies at a time when the outlook for all moviemakers was none too good. On the other hand, moviegoers would benefit. "Clearances," which now prevent small theaters from showing pictures too soon after their first run, are banned. In many small towns this would give a wider selection of pictures. Among the separation terms...
Even in 1919, when Anna Gosko got her first look at him, Adolf Balaban was no matinee idol. He was an awkward, wistful little fellow with a flat face, jug ears, and old-country manners. He wasn't the smartest man in the world, either. He had been "over" from Poland for six years, had served in the U.S. Army during World War I. He had a laborer's job in a Brooklyn sugar refinery, but he could speak hardly a word of English...
...buyers continue to foot the bills? With employment at an all-time peak, most sellers thought they would. But in the entertainment and resort businesses, which are usually the first to feel price resistance, there were contrary signs. In Chicago last week, row upon row of empty seats forced Balaban & Katz to slash some prices almost 50% in its six Loop moviehouses. The Cape Cod Chamber of Commerce complained that many visitors were so intent on cutting expenses that they slept in their cars overnight...
Menotti: The Telephone and The Medium (Marilyn Cotlow, Frank Rogier, Marie Powers, Evelyn Keller, Beverly Dame, Catherine Mastice, with orchestra conducted by Emanuel Balaban; Columbia, 20 sides). Menotti's two chamber operas, surprise hits on Broadway last year, have been recorded by the original casts-and hold their original charm and power. Recording: excellent...