Word: goldwynism
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...collapsible corporation, supposedly invented by Sam Goldwyn, had looked like a shrewd device to get around sky high taxes. A producer simply set up a corporation, made a picture and either sold it to a major studio at a fat profit or made the profits by arranging for distribution himself. Profits in pocket, he then dissolved the corporation. Instead of paying income taxes, which ran up to 90%, the producer paid only a capital gains tax of 25% (TIME, Nov. 5, 1945). Result: independent producers had sprouted so fast that by last week, when the blow fell, almost half...
Those which had used collapsible corporations, said Internal Revenue, must pay income and not capital gains taxes. If this ruling sticks, Hollywood guessed that independents might have to pay up as much as $50,000,000 in back taxes for the last three years (Goldwyn alone might be tapped...
People & Money. A.R.I.'s top-drawer clients include such shrewd and seasoned manufacturers as Sam Goldwyn, Walt Disney, MGM, David 0. Selznick, Hal Wallis, J. Arthur Rank, RKO. After ten years of cautious experimenting and testing, A.R.I, is equipped with everything from Gallup interviewers to electrical gadgets that measure audience boredom. Its trade lingo glitters with professionalisms: A.P. (Audience Penetration), Want-to-See, Don't-Want-to-See, Word-of-Mouth...
...Metro-Goldwyn-Mayer wanted something operatic for Two Sisters from Boston (TIME, June 17). MGM's musicmakers scrambled through the classics. The trouble was, none of the old boys knew how to start an opera right. They had a rousing overture, the curtain rose, and a bunch of minor characters went into some tedious, scene-setting song. What Hollywood wanted was an overture, curtain, and zowie-a tenor aria for Lauritz Melchior...
...Metro-Goldwyn-Mayer's The Green Years (TIME, April 15) did so well in Manhattan's Radio City Music Hall-its third-week gross of $147,000 was second only to The Bells of St. Mary's in Music Hall history-that Metro planned a "cultural" (special showings for church and civic leaders) buildup, Gone With the Wind type of distribution...