Word: loewe
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Dates: during 1950-1959
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...Atlanta, in the city's first test of movie censorship since the Supreme Court's ruling against New York and Ohio censors last year, Loew's Inc. asked an injunction against any future ban on Blackboard Jungle (currently ranking sixth in box office receipts-see above). Loew's also asked the court to rule that Atlanta Censor Mrs. Christine Smith Gilliam acted improperly in banning the film on grounds that it was "immoral, obscene, licentious and will adversely affect the peace, health, morals and good order of the city...
Back in Focus. Even the movie industry was looking up. Loew's Inc. had a profit of $1,014,142 for the twelve weeks ended June 4, v. $740,817 a year ago; in the 26 weeks ended April 24, Republic Pictures Corp. net was up from $379,551 a year ago to $473,150. Polaroid Corp., which makes glasses for three-dimensional pictures, reported that sales almost doubled and earnings almost tripled ($2.34 per share v. 78? a year ago) in the first six months...
...first corporate citizens was involved in a divorce action last week, but not the kind that makes the gossip columns. Stockholders of Warner Bros. Pictures voted to divorce the company's producing & distributing business from its theaters, thus becoming the last of Hollywood's Big Five (Loew's, 20th Century-Fox, RKO, Paramount) to conform to the federal court decision won by the Government's trustbusters...
Sanders and Cummins hope that they have hit a minor gold mine. Their current double bill, they figure, might gross more than $1,000,000. It might even hit closer to $2,000,000 if RKO and Loew's theaters decide to book the pictures for their chains. Says Sanders: "There are about 250 art houses in the U.S., and about 1,000 more that will take good art pictures." With customers ready & waiting for all the good old silents that he can find, Sanders is content to let Hollywood and TV fight it out. He is now negotiating...
...first step in the economy crackdown, 60 or more of Loew's executives in New York, Hollywood and overseas will take "voluntary" salary cuts of from 25% to 50% on income over $1,000 a week. Unlike 20th Century-Fox, which last year lopped up to 50% off the pay of its high-bracket personnel (but later restored most of it), M-G-M will not cut the pay of writers or directors. But Schenck left no doubt that the days of big-budget, spare-no-expense pictures were over. Best estimate of the total cutbacks: $10 million...