Word: paramount
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Dates: during 1930-1939
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...Paramount Salvage...
...awoke to the fact that cinema was Big Business. It was financially fashionable for brokers to call this discovery to their customers' attention in elaborate analyses of the new industry. Some people cocked a skeptical eye at the mushrooming of William Fox or the Brothers Warner but certainly Paramount Publix seemed a citadel of cinematic conservatism. Indeed, Paramount was the $300,000,000 medium through which the House of Kuhn, Loeb & Co. had seen fit to lift the film industry to the financial equal of steel and railroads. But Paramount had an Achilles heel. In the process of acquiring...
...Paramount did not go down without a struggle. There was nothing fundamentally wrong with its first & foremost function- making, distributing and exhibiting films. Its troubles were almost wholly financial. And in 1931 its bankers cajoled John Daniel Hertz into taking the Paramount command as chairman of the finance committee. The thickset, sinewy Chicago financier had been making half-hearted attempts to retire since 1926 when he sold his Yellow Cab Manufacturing Co. to General Motors for more than a few millions...
...months Taximan Hertz lopped $39,000,000 from the Paramount budget-$6,000,000 in salaries alone. He wangled reductions in rentals and interest, ordered executives to file expense vouchers-a startling innovation-and marched through the payroll with a big blue pencil. In the film industry, which is notorious for its nepotism, such Hertzian tactics were bound to stir up trouble. And having made enemies right & left, Mr. Hertz finally called for a showdown on his right to hire & fire. He lost. So horsy John Hertz retired to his polo and his racing. Early in 1933, unable...
...fully qualified to review any picture at the University Theater. Not only have I reviewed films there in the past but I have been accredited to the best theaters in Boston, Low's State, Keith's, the Metropolitan, and the Paramount as well as the poorer edifices, such as the Olympia, the Park, and the Old Howard, where they have movie critics as well as sailors...