Word: benjamin
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Dates: during 1950-1959
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...Douglas Fairbanks, Charles Chaplin and D. W. Griffith, United Artists had been skidding for years, was on the verge of bankruptcy because its two surviving owners. Chaplin and Pickford. could not agree on how to run it. Krim agreed to take over, but drove a hard bargain. He and Benjamin got control of the company for nothing. If they turned a profit within three years, they were to get half the 20,000 shares outstanding at $1 a share...
...films. To get movies for U.A. to distribute, Krim bought the distribution rights for 200 films from Robert R. Young's Eagle Lion B-picture company, swiftly sold them to distributors for cheap, middle-of-the-week pictures. Within four months the company turned a profit, and Benjamin and Krim got half the stock. U.A. bought out the rest later, issued $17 million in stock and convertible debentures a year...
...could lose its shirt if it backed a long string of bad pictures. But Krim and Benjamin, whose U.A. holdings are worth $6,500,000, are protected by the fact that, in addition to owning a piece of the pictures, they get 32% of the gross rentals for distributing them. They have a further hedge in their TV operations, have the TV rights to 200 films they have distributed so far, plus 45% of Associated Artists Productions, which owns the Warner Brothers' pre-1950 library...
Possibly the biggest surprises of the afternoon were the showings of Dunc Johnson in the hammer; Hank Abbott in the shot; and two-miller Dyke Benjamin...
Making his first start since the indoor Army meet, in which he injured his calf muscles, Benjamin romped to a win in the two mile. While his time of 9:53 is far from his best, the fact that he could run at all was quite an achievement. Jim Schlaeppi took third for the varsity...