Word: cinemogul
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...deal gave Hughes a $16,000,000 stake in Hollywood, biggest of any cinemogul. In addition to buying control of RKO, he has spent about $2,400,000 for his completed but unreleased picture, Mad Wednesday, another $3,000,000 for Vendetta, still unfinished. And he still has $1,750,000 tied up in The Outlaw. With RKO's chain of 124 houses, Hughes will now have an outlet for his movies, at least until the antitrust suit against moviemakers is settled...
...York Daily News's up & coming Station WPIX (to open June 15) solved its cinema problem for a year or so with a shrewd buy. For $130,000 the News picked up 24 of British Cinemogul Sir Alexander Korda's best old films, including such past hits as The Scarlet Pimpernel and Lady Hamilton...
...much-honored Director Elia Kazan (recently Oscared by Hollywood for directing Gentleman's Agreement). But the prize had a more personal significance for Producer Irene Selznick : Streetcar was her first Broadway production (her Heartsong was a pre-Broadway flop). This clinched the fact that the daughter of Cinemogul L. B. Mayer who is also sister-in-law of Cinemogul William Goetz and ex-wife of Cinemogul David O. Selznick, had at last made a success in show business that she could call...
...technicolor extravaganzas would rather have duels than dialogue, and battles than brainfood. If spectacles can be said to have a purpose, it is to give pure entertainment. The technicolor plot is generally too flimsy to carry on unless buoyed up by blood and swordplay. Until some cinemogul realizes that an intelligent picture can be filmed in color, this is the way it will always be: that the number of corpses is directly proportional to the worth of the picture...
...Robert R. Young had not been too pleased with his Eagle Lion Films Inc. His films, mostly Bs, had not impressed either the critics or the public. Young thought the cure was a chain of theaters, better production and a better distributing organization. (All this may also help British Cinemogul J. Arthur Rank, who now has a distributing agreement with Eagle Lion.) Last week, Young liked the idea of buying RKO enough to announce...