Word: gaumont
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...newsreels of this incident had also not been snipped, into court also was haled Gaumont-British News Films, facing heavy penalties in the most vivid demonstration in years that Britain enjoys neither freedom of the press nor freedom of the films. The New York Times hazarded the bold guess that the British Director of Public Prosecutions, although he claimed to be trying to scotch articles and films prejudicial to the trial of the accused, may have acted because "the offending stories were of a sort calculated to win public sympathy for McMahon" from whose hand the pistol sped...
...confirming the biggest cinema deal of the year. Then Mr. Schenck plunked himself down in the centre of a divan, flanked by the two other principals in the triple play: his younger brother and competitor, President Nicholas Michael Schenck of Loew's, Inc., and President Isidore Ostrer of Gaumont-British Pictures Corp...
Joseph Schenck's centre position on the divan was appropriate. When he took his Twentieth Century Pictures and his ace producer, Darryl Zanuck, to Fox Film last year, he found Fox in possession of 49% voting interest in a holding company which controlled Gaumont-British. With 450 theatres and the best production in the Empire, Gaumont is the biggest factor in British cinema. The Fox interest in Gaumont-British was picked up by William Fox in 1929 for about $20,000,000, a purchase which later played a large part in toppling the silvery Fox pyramid about Founder...
Another 49% stake in Gaumont control is held by London's Brothers Ostrer - Mark, Isidore, David and Maurice. Sometimes likened to a modern edition of the original Rothschilds, the Ostrers describe themselves as "merchant bankers." Their interests do not run to heavy industry. Brother Mark is Gaumont's chairman, Brother Isidore, Gaumont's president. Their other properties include newspapers, hotels and London hotspots. Balance of power between Fox's 49% and the Ostrer's 49% in the Gaumont holding company was placed for reasons of Empire in the hands of Lord Lee of Fareham...
Nick Schenck's M-G-M will buy from Joe Schenck's Fox one-half its Gaumont-British interest. Asked how much M-G-M would pay for this half interest, Joe Schenck dismissed the question as an "unimportant detail." After the Brothers Schenck settle that "detail" between themselves, the deal will proceed to a second phase, which involves selling Gaumont control to the British public, a detail which will presumably be arranged by the Brothers Ostrer. In the end, instead of Fox owning 49% of the controlling holding company, the Ostrers...