Word: mgm
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Dates: during 1950-1959
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...throw out the board at the next annual meeting on Feb. 28. If it takes over Loew's, the Lehman-Lazard group would probably keep Vogel in charge of Loew's Theaters division, which he headed until last month, and hire a president who would drastically cut MGM's staff, replace Movie Production Boss Dore Schary, sell off some money-losing Loew's theaters, and possibly consolidate MGM's high-overhead moviemaking facilities with Warner Bros...
...geared to make 45 to 50 pictures a year, made only 25, lost money. The movie losses, say the dissidents, were made up by Loew's generally profitable theater operations, The re-release of several old films (Gone With the Wind, The Wizard of Oz.), the leasing of MGM's film library to TV (returns to date: $26 million). Loew's overall 1955 profits amounted to $5,311.733, or just 16% of the total profits of Hollywood's Big Six moviemakers, v. Loew's 32% slice in 1950, when profits were...
...Lehman-Lazard interests charge that the M-G-M movies made during the tenure of MGM's Production Boss Dore Schary, which dates from 1948, have lost an estimated $25 million. (Schary claims that he went in the red only two years.) The dissidents note that MGM's successful box-office movies, such as The Blackboard Jungle and Trial, have been outnumbered by the flops-The Prodigal, Jupiter's Darling, The Swan, Somebody Up There Likes...
...Ford Star Jubilee showing last week of MGM's 1939 musiclassic The Wizard of Oz-which hauled down a spectacular 29.4 Trendex rating-forced a couple of stark truths on TVmen. Hollywood, with about 200 of its best old movies headed straight for TV this year, will have a hard time competing with itself. Further, the whole system of network programming may soon have to be revamped...
...Opposite Sex (MGM) is one of Hollywood's weirder experiments with taste-the effect, in this case, roughly resembling a dill pickle smothered with whipped cream...