Word: loewe
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...motion picture companies last week got something they could really call colossal: a cocky, teen-aged messenger barged into their showy Manhattan offices, left checks totaling over $42,500,000-the biggest single batch of cash Hollywood has ever seen. The checks, ranging from $11,267,000 for Loew's Inc. to $2,113,000 for Columbia Pictures Corp. represented money owed by British film distributors ever since the outbreak of war in 1939 when the Exchequer abruptly barred all cash payments...
Already the criticism has had its effect. Nicholas Schenk, president of Metro-Goldwyn-Mayer, has announced that Ayres will never get his job back with MGM. And since Metro is a subsidiary of Loew's, Inc., which controls almost half of the country's movie houses, it is not hard to predict that attitude of at least a large proportion of the country's theatre-owners in regard to exhibiting Ayres's films. Moreover, it is probable that what few managers have the courage to show his pictures will meet with a stiff boycott, arising not from spontaneous public opinion...
...Marquand told the jammed house at Loew's State last night, after the picture had been shown, that if any of the lines in the movie were bad, the fault lies with director King, Vidor and Robert Young. If any of the lines are good, he added, it is because they are his. Mr. Marquand's concern is unnecessary, and he need not lose much sleep over the transfer of his subtle literary satire from paper to celluloid. It is an excellent film, well-acted and brilliantly directed, and Harvard graduates from Maine to Texas will rejoice in the gentle...
...Money. Hollywood does not believe in sharing its profits with idle stockholders. In 1939, seven of the eight major studios paid their 188 executives 19% ($6,086,000) of their net profits. Of this sum, almost 35% went to 24 Loew's officials. Only U.S. department-store executives got more (32%) of their firms' net. At that time the motion-picture industry ranked 14th among 18 top U.S. industries in annual volume of business...
...elite of Hollywood numbers some 250 producers, executives, directors, actors, writers, publicity experts, miscellaneous key men. Rulers of the elite are seven top executives of Hollywood's Big Four: Louis B. Mayer and Edgar J. Mannix, of Loew's Inc. (Metro-Goldwyn-Mayer); Paramount's Y. (for Young) Frank Freeman; 20th Century-Fox's Darryl F. Zanuck and Joseph M. Schenck (now appealing a three-year sentence for income-tax evasion); Warner Bros.' Harry M. and Jack L. Warner...