Word: m-g-m
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Split Board. Vogel's avowed enemies are onetime TV Producer (Dragnet) Stanley Meyer and Joseph Tomlinson, a millionaire Canadian contractor and biggest (5%) individual Loew stockholder; both have long been dissatisfied with the operation of the company. Last year, with M-G-M showing a $3,000,000 loss on movie production, the threat of a proxy war was stemmed only by a deal that split Loew's board. At the February meeting Vogel was allowed to choose six directors, the Tomlinson-Meyer group another six, with a neutral member in New York Herald Tribune President...
...Music Box record shop on Holyoke Street, one could see two Harvard men sit down before a phonograph and begin to listen to all the 5000 records in the store. The one who went to sleep first lost, but got $10 anyway; the winner received $25. Paramount and M-G-M sent news cameramen and Fox Movietone was reported to be interested in recording the event...
...Seventh Sin (M-G-M). Somerset Maugham's exotically scented brand of soft soap has kept the mass readership in a happy lather for the last half-century. But yesterday's suds, as that shrewd old party could have told the makers of this movie, just won't wash. The Painted Veil (1924), dragged out of Hollywood's bottom drawer, has faded so badly it is hard to recall that on Greta Garbo it looked good...
...mixed feelings about Metro-Goldwyn-Mayer's film version of Columnist Robert Ruark's Something of Value. Reason: Something is some affront to most Frenchmen; its story of British colonialism's bitter fruit in Kenya unhappily resembles France's current gory predicament in Algeria. M-G-M unhappily scratched this entry. Most sensational movie shown in Cannes was the Soviet Union's The Forty-First, marking the Russian moviemakers' discovery that sex can be a more interesting theme than Stakhanovism. The film's heroine, a Bolshevik sniperette, fresh from mowing down...
...Movie bigwigs curled their lips when such onetime movie performers as Betty Furness, William Lundigan, Lee Bowman and Ronald Reagan emerged as full-time TV commercial pluggers, but now virtually all the studios are in the business of filming commercials themselves. To help make ends meet, once-mighty M-G-M even rents out its sets and props to TV producers...