Word: daiei
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...Tokyo Giants of the Central League, Japan's oldest and winningest team, are owned by the nation's leading daily newspaper, the Yomiuri Shimbun. They draw capacity crowds wherever they play, including 3 million fans a year at home. That's comfortably ahead of their nearest competitor, the Fukuoka Daiei Hawks, owned by a supermarket chain. But many of the other teams, particularly in the Pacific League, play to sparse crowds and operate at an annual loss, using the red ink as an advertising tax write...
...that will pay 3.85% interest -- matching Suzuki's .385 average. Meanwhile, Sadaharu Oh, left, the retired Yomiuri Giants great who holds the world record for career home runs with 868 (surpassing Hank Aaron's 755), signed an estimated $10 million five-year contract to manage the fourth-place Fukuoka Daiei Hawks...
...billion tickets in 7,067 theaters. Today, in an entertainment world that moves to Sony Walkman rhythms and Pac-Man blips, Japanese cinema is troubled and timid. The five studios that have survived the national movie recession of the past decade or so-Toho, Toei, Shochiku, Nikkatsu and Daiei-find their profits in real estate, supermarket chains, Kabuki theater troupes and bowling alleys. Most of the 322 films produced last year were roman poruno, or lowbudget, soft-core-sex pictures. The number of theaters is down 68% since 1958, and ticket sales were a pathetic 150 million (down 87%). Even...
...Walker is beginning another wide swing from the company's home base. This September he expects to sign leases to open three stores in Tokyo that will carry the Joseph Magnin name. With two local partners, the Daiei retailing chain and the C. Itoh trading company, Walker hopes to spread into other Japanese cities. He believes that Japanese young women want Western fashions and that "they have a tremendous amount of disposable income because they sensibly live at home when they start working instead of renting expensive apartments...
...right, even Japanese-made goods. Last winter, when outraged mammasans boycotted Japanese-made color TV sets that were being sold domestically for prices higher than those charged in the U.S., Nakauchi made a deal with a medium-size manufacturer, Shinnihon Denki Co., to market a color set in Daiei's stores for $160 - about half the going price. The publicity helped force the big manufacturers to cut their domestic prices by as much...