Word: goldwyn
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Dates: during 1930-1939
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High-spot in his two-day testimony dealt with his purchase (February-June 1929) of a controlling interest in Loew's, Inc. The deal cost him $73,000,000. Because it included Metro-Goldwyn-Mayer as well as the Loew theatres, the deal made Mr. Fox incomparably the No. 1 Cinema Man. U. S. anti-trust laws, however, frown on such acquisition of shares in a competing company, and Mr. Fox kept after the Department of Justice to see if he could get an official okay on the transaction. He actually bought the Loew shares on the strength...
Soon Mr. Fox saw Mr. Huston again. This time Mr. Huston asked him if he knew Louis Burt Mayer. Since Louis Mayer, besides being a potent California Republican, was also the Mayer of Metro-Goldwyn-Mayer (which Mr. Fox was absorbing), Mr. Fox knew him very well. He also knew that Mr. Mayer did not approve of the terms of the Loew sale. So Mr. Fox looked up Mr. Mayer...
Today, Mr. Fox, Mr. Wiggin and Mr. Hoover have the common bond of being ex-presidents and Mr. Dodge is an ex-vice president. Harley Clarke's General Theatres Equipment company is in a receivership and so is Fox Theatres. Loew's, Inc. (and Metro-Goldwyn-Mayer), again independent, remain solvent and prosperous, having made a profit of $4,034,000 for the year ending Aug. 31, 1933. But the disputed 660,000 shares of Loew's. Inc. (the majority holdings bought by Mr. Fox) have been segregated by the U. S. Government. They may be sold...
Last week a Hollywood actor lost his job for being drunk and disorderly on foreign soil. To Mexico City to make a picture called Viva Villa, Metro-Goldwyn-Mayer had sent Lee Tracy, famed for his staccato characterizations of reporters, press agents and politicians. Noted for his eccentric conviviality, Actor Tracy used to frequent Manhattan speakeasies with pockets full of cheese crackers and popcorn. Last week when 30,000 Mexican cadets paraded past his hotel he appeared on the balcony outside his bedroom, wrapped in a blanket. Throwing that off, he shouted profanities at the crowd, waved his arms...
...President Abelardo Rodriguez, Vice President Louis B. Mayer of Metro-Goldwyn-Mayer promptly wired his apologies: "The insult offered by this actor to the Mexican cadet corps has embarrassed and shocked the Metro-Goldwyn-Mayer organization fully as deeply as it has the Mexican people. As a result of this actor's deplorable behavior, Metro-Goldwyn-Mayer has removed him . . . not only from Viva Villa but . . . canceled his long term contract...