Word: goldwyn
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Dates: during 1960-1969
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Last week Aubrey returned to power. Las Vegas Financier Kirk Kerkorian, who a month ago won control of Metro-Goldwyn-Mayer, picked him to be the company's new president to replace Louis ("Bo") Polk Jr., 39, who was fired. Polk had been chosen only last January by Edgar M. Bronfman, whose 16% holding in the company was the largest until Kerkorian bought roughly a 40% share for about $100 million. (Time Inc. owns 5%.) Bronfman and one of three other directors representing his interests quit the 19-man board last week...
Kirk Kerkorian, 52, who built his $275 million fortune on airlines, hotels and Las Vegas gambling, last week added another potentially rich prize to his leisure and travel domain. He won control of Metro-Goldwyn-Mayer, the ailing moviemaker, with a stunningly successful tender offer for some $26 million of its common stock at $42 a share. In August, Kerkorian had picked up 22% of MOM's stock through another tender. Now his holdings will rise to at least 32% and perhaps to as much as 45% of the company's shares, depending on how much...
Died. Nicholas Schenck, 87, an old-style movie mogul who helped found Loew's Inc. and Metro-Goldwyn-Mayer; of a stroke; in Miami Beach. Schenck's life was a Hollywood cliche in itself. The son of poor Russian immigrants, he scraped for nickels and dimes on Manhattan's Lower East Side, invested in beer concessions and amusement parks, finally in 1919 had enough of a stake to join Marcus Loew in founding the movie-house chain that spread across the U.S. MGM studios followed in 1924, and Schenck, armed with such stars as Clark Gable, Jean...
When Samuel Goldwyn first pondered the possibilities of pay television, he saw it as the embodiment of progress -"and nobody yet," he exclaimed, "has shown the way to stop progress." Goldwyn was clearly uninformed about the procrastinating ways and restricted means of the Federal Communications Commission. In fact, the FCC dallied until this month, some 17 years later, before authorizing the U.S.'s first nationwide and permanent pay-TV service. And by now, with the networks having cornered most of the programming properties, the success of "fee-vee" is hardly assured...
...sophisticated film-making. Michel Piccoli and Danielle Darrieux, two of France's greatest screen stars, walk through their parts with characteristic skill, and Darieux, unlike the rest of the cast, does her own singing. Gene Kelly, his face frozen in its 1953 Metro-Goldwyn-Meyer grin, is wonderfully, incredibly, exciting to watch in action. Deneuve and Dorleac as twins ("toutes deux demoiselles, ayant eu des amants tres tot") reflect the joy with which Demy exercises the cinema's glorious potential to permanently trap on celluloid supremely magnificent women...