Word: gaumont
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...prospect for the British cinema. Cause of all this decorous good feeling was a cigar-puffing 64-year-old onetime Glasgow solicitor named John Maxwell, who had just upset the biggest film deal of the year-to make an even bigger one. Mr. Maxwell had as good as bought Gaumont-British, thereby discomfiting two resounding Hollywood names, the brothers Nicholas and Joseph Schenck...
...British cinema companies appeared to have been definitively settled last July, not in London, but in Manhattan. Joseph Michael Schenck, chairman of Twentieth Century-Fox Film Corp., seated appropriately on a hotel divan between his brother, President Nicholas Michael Schenck of Loew's, Inc., and the president of Gaumont-British, Isidore Ostrer, announced a three-way Gaumont deal (TIME, Aug. 3). Nick Schenck's Metro-Goldwyn-Mayer, Loew's production subsidiary, was going to buy one-half of Twentieth Century-Fox's minority interest in the Gaumorit-British holding company. This was to be followed...
According to its articles of association, Gaumont control must remain in British hands. It was not quite clear where real control would rest when the Schencks and Ostrers finished their shuffling, but the patriotic assumption was that Hollywood would be a great deal deeper in Gaumont than before. As summer passed it became evident that the Ostrer-Schenck deal was not jelling...
This year Gaumont's need for new capital, which had sent Isidore Ostrer to the U. S. in the first place, inclined the Ostrers to give Mr. Maxwell a hearing. For a small amount of cash, a large amount of Associated British Picture stock, the Ostrers consented to part with their interest in the Gaumont holding company, unless the Schencks should obstruct the deal that will make John Maxwell the undisputed King of British cinema, with a chain of 640 theatres and corporate assets of some...
...Gaumont-British has done a creditable job, and undertaken, with measurable success, the difficult task of reanimating scenes from the past. Nova Pilbeam, the new GB star who plays the part of Lady Jane, may not be a finished actress, but she has a quaint, old-fashioned charm which seems eminently suitable. Cordie Hardwicke, as the ambitious, cold-blooded Warwick, makes an evil geni of convincing unamiability. The supporting cast is of high calibre, thus insuring against any let-down in the minor, transitional scenes...