Word: goetz
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Mild, moon-faced William Goetz, president and production stay of Hollywood's young & healthy International Pictures Corp., was rich with property. Time was when Goetz had had to rent lot space, pick up stars, writers and directors on the run, and share his profits with the industry's entrenched distributors. Now fast-failing Universal Pictures, the sixth largest company in town, had dropped 230 acres of lot space and 31 key domestic distribution offices into International's lap. Included in Universal's assets was the first crack at the more than 1,000 theaters owned...
...only answer was to merge with an up & coming producer of A pictures. Results: 1) a new corporation, Universal-International, formed last week with Goetz as president and Hollywood lawyer Leo Spitz as board chairman (U-I will be to Universal what M-G-M is to Loew's); 2) the degeneration of once formidable Universal into a distributing company; 3) a hike of six points in Universal stock...
International's production boss is round-faced, even-tempered William Goetz, 42, who did a bang-up job of running 20th Century-Fox while Darryl Zanuck was a colonel in the Army. After making the Academy Award picture, The Song of Bernadette, Goetz quit in a huff when Zanuck returned and began acting like a "little colonel" around the studio. Goetz approached dark, dapper Leo Spitz, 57, Hollywood's legal and financial know-it-all. A boy wonder (he earned his Bachelor of Philosophy and Doctor of Jurisprudence degrees before he was 21), Spitz masterminded the reorganization...
Under their deal with Rank, the present International Pictures, Inc. will be dissolved, a new International Pictures Corp. formed. It will be owned by Spitz (board chairman), Goetz (president) and Universal, will have $10,000,000 in U.S. operating capital...
After lunch, the party watched technicians blow up a miniature Jap cruiser, went on to dinner at the beach house of International's Bill Goetz...