Word: guilds
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...only $55,000 to capitalize. All Summer Long, which had a modest advance sale on the basis of Playwright Robert (Tea and Sympathy) Anderson's prestige, closed a week earlier after 60 performances and a loss of some $65,000. The season's first casualty, the Theatre Guild's Home Is the Hero, was financed at $40,000, cost a carefully budgeted $26,000 to open, lost $32,000, ran for 60 performances, closed...
...eight years he has produced eight historical novels which have sold 8,000,000 copies in hard covers alone (The Saracen Blade, The Vixens, The Golden Hawk, etc.). Doubleday's Dollar Book Club (nearly 750,000 members) has picked seven of the eight, and the Literary Guild has often used Yerby's novels as "gift books" to attract new members...
...tiny percentage of sales among the major record companies, has become a big moneymaker for the big labels. Across the U.S. there are also some two dozen companies making a comfortable profit by putting out nothing but jazz. Even such diehard highbrow companies as Westminster and Vanguard (The Bach Guild) have turned out money-making jazz albums. At Victor, which has just hired its first full-time jazz executive, a jazz-type record called Inside Souter-Finegan for six months outsold everything in the imposing Red Seal catalogue except Mario Lanza's Student Prince. Last June Dave Brubeck made...
...days in Wilkes-Barre, Pa., the city's only two dailies have been closed by a strike of the American Newspaper Guild. When Guild members on the morning Record (circ. 29,177) and evening Times-Leader-News (circ. 59,594) walked out during bargaining on a new contract, mechanical employees of the papers refused to cross the picket lines, thus forcing the papers to stop publishing altogether. Guildsmen wanted five-year minimums raised to $125 a week (from $103), a 35-hour work week (instead of 39), and fringe benefits. The Guild also objected to compulsory arbitration...
Last week the strike was finally settled after both the Guild and management compromised on all points, e.g., a minimum of $109 next year, a 37½-hour week, etc. Said American Newspaper Guild President Joseph F. Collis. who is also assistant managing editor of the Record and leader of the strikers: "We think we won because we came out with a better contract and a stronger membership." Disagreed Management Representative A. Dewitt Smith: "In strikes, as in wars, nobody wins." Cost to the employees: more than $650,000 in wages. Cost to the papers: more than...