Word: cineman
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Dates: during 1920-1929
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During the summer, Cineman Fox, proud of the quick expansion that had brought his organization Loew's Inc., Metro-Goldwyn-Mayer, and the Gaumont Theatres in England, decided to consolidate all his holdings into one In September the authorized Class A stock of Fox Film was increased from 900,000 to 4,900,000 shares, but the consolidation never took place. Last summer Mr. Fox, injured in an automobile accident (TIME, July 29), was away from his office for almost two months. When he recovered he scarcely had time to start his plan with an attempt to distribute...
...motion picture companies stockmarket breaks do not mean diminished profits, for like tobacco companies they are "depression proof." But at this particular time the stockmarket decline brought severe trouble to Cineman Fox. During the recent period of expansion he had needed great sums of cash. These he had obtained by short-term loans upon the stock of acquired companies. With $91,000,000 of these notes falling due, with his collateral down, with conditions bad for refinancing, Cineman Fox for the first time needed assistance. Last week he summoned aid by appointing a trustee-triumvirate consisting of himself, a banker...
...object of the triumvirate is not to change the policy of the company but to arrange a method for meeting the obligations incurred by Cineman Fox. Assurance that the affairs of the company will remain in such conservative trustees' hands for five years will make lenders more willing...
Aided by 51 newspapers throughout the land, Cineman Carl Laemmle's Universal Newsreel daily flashes current events before the eyes of ten million cinemagoers in 10,000 theatres. Last week Newsreeler Laemmle enlisted more aid. To replace the explanatory captions in his newsreels he contracted to have the explanations spoken by a voice already familiar to his customers, the radio baritone of Graham McNamee, broadcaster extraordinary. A new title was invented for the occasion: Talking Reporter...
...Film. Under contract to First National pictures are Cinemactors Richard Barthelmess, Jack Buchanan, Cinemactresses Marilyn Miller, Colleen Moore. Irene Bordoni. Last week they heard that Warner Brothers, previously jointly controlling First National with the Fox Film Corp., had bought the Fox holding for $10,000,000. Reason given by Cineman Fox for the sale was that First National Pictures are silent, that Fox Film Corp. intends producing only sound pictures...