Word: moviedom
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...figures most attractive to moviedom's magnates are the seductive black ones in their accounting books. Last week Loew's (MGM) reported earnings of $1.08 per share for the 28 weeks ended March 12, a gain of almost 1,000% over a year earlier. United Artists Corp. announced that it boosted revenues 20% and earnings 30% for 1958 to set new records. In 1959, higher earnings have been reported by Warner Bros., National Theatres, Inc., 20th Century-Fox and Columbia...
Wall Street has shown its faith in moviedom's future by sending stocks of producing companies steadily upward. United Artists has jumped from 15¼ to 32¼ in 15 months, Paramount from 30⅝ to 50, 20th Century-Fox from 21¾ to 43½, Warner Bros, from 16⅞ to 40. Though Standard & Poor's recently prepared an analysis warning that movie stocks are "quite speculative," it gave bullish reviews to seven of the ten companies it examined. Says a leading Wall Street movie industry analyst: "There's a great deal of skepticism...
...Crowd. Like many other show folk in Hollywood, Lana liked to run with the hoodlum crowd that sprouted into semi-respectability in moviedom after World War II. High up in the crowd was a runty gambler named Mickey Cohen. To the movie folk, gum-chomping Mick typified a real-life heavy out of their own films; for the Mick to invite a star to his table in a swank joint seemed as thrilling for the guest as it would be if a rubberneck tourist were asked to drink with Lana Turner. The Mick and his crowd just loved...
...some learn to gamble with violence as quickly as they learn to step out of the path of cars. Roaming the parks and roads, scavenging for pride, for some kind of self-identification and for excitement, the gangs (125 in all New York) too often base their conduct on moviedom's version of swaggering honor, red-blooded achievement. They call themselves Egyptian Kings, Dragons, Beacons, Imperial Knights, Fordham Baldies, Comanches...
...crassly commercial purposes. In so doing, not one jot is added to the stature of the Church or its mission in the world, a chore, incidentally, reserved not to Hollywood but to the Holy Ghost. Let us devoutly hope that the cassock and habit may enjoy eternal rest from moviedom's commercialism, and pray that they may never decide to shoot St. Augustine's Confessions with George Raft in the lead...