Word: loewe
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Dates: during 1940-1949
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...began in 1924 because Marcus Loew's Eastern theaters needed more films. Neither Loew's own studio, Metro Pictures, nor his friend, Producer Louis B. Mayer, could keep up with the demand. The big chance came when another fledgling named Sam Goldwyn decided to unload his Culver City studio. Loew's Inc. put up $5,000,000 worth of stock for Goldwyn's lot and launched it, under Mayer's supervision, as Metro-Goldwyn-Mayer...
...mediocre entertainment, they were well insured at the box office with such names as Marie Dressier, Wallace Beery, Greta Garbo, Norma Shearer, Joan Crawford and Clark Gable. During the '30's, while older film empires tottered, M-G-M saw to it that its parent, Loew's Inc., never skipped a dividend. For his pains, L.B. got 10% of the studio profits-a deal that made him a longtime fixture atop the annual list of U.S. big income-earners. (He now gets 7%.) He has earned his pay not so much for making good pictures...
...will go to the theater company. The movie company will get the Los Angeles station (KTLA), and the controlling interest in Allen B. Du Mont Laboratories, Inc. With Paramount and RKO (TIME, Nov. 8) out of the fight, the Justice Department hoped that the rest of the "Big Five" (Loew's, Warner Bros, and 20th Century-Fox) would also come to terms...
...Among them: Moviemakers Mervyn LeRoy and David Loew; Planemaker Donald Douglas; Firestone's Leonard Firestone; TIME Inc.'s Editor in Chief Henry R. Luce. Acting as individuals, Luce and seven other TIME Inc. executives and directors bought a total of 14.6% of the stock...
Married. Louis Burt Mayer, 63, durable, diamond-smooth cinemogul (Metro-Goldwyn-Mayer, Loew's, Inc.); and Mrs. Lorena Layson Danker, 41, Hollywood widow; each for the second time (he was divorced last April after 43 years of marriage) ; in Yuma, Ariz...