Word: loews
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...dark all through the postwar years, Hollywood was hitting the gloomy low notes again last week. Speaking to a mass meeting of some 4,000 M-G-M employees on the concrete areaway in front of sound stage 18, MGM's real boss, President Nicholas M. Schenck of Loew's Inc., spelled out the bad news in unvarnished detail...
...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...
Hollywood Pays. Italy's films have been shown mainly at small, arty theaters, attracting audiences who did not mind subtitles. But this spring, Tomorrow Is Too Late, the first Italian film to begin its run in a big Broadway theater (Loew's State), proved that it could pay. In four weeks it grossed $110,000. Encouraged by that success, the Italians launched an ambitious project to "dub" English dialogue into twelve major pictures a year. Last Week Bitter Rice, which has already grossed more than $3,400,000 in the U.S. in a subtitle version, was playing with...
Twelve O'Clock High--Gregory Peck is an air force pilot in this re-release war picture. On the same bill is Canadian Pacific, filmed in color. At E. M. Loew's Center...
...movie business in Dayton, Ohio blames its troubles on TV. Last week Loew's Inc. asked Dayton's county board for a revision of its property valuation. The latest valuation boost of $78,510 on its Dayton property, Loew's claimed, is out of line, considering that attendance at the theater has dropped 43% since last August. The board promised to investigate the situation, along with similar complaints from six other TV-stricken movie houses in Dayton...