Word: paramount
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...deal has still to be approved by FCC and the stockholders of both companies; it will probably be months before it is finally okayed. If all goes well, Goldenson will combine ABC's 294 affiliated stations with Paramount's 950 theaters (600 wholly owned, 350 partly owned), in a new colossus of the U.S. entertainment industry...
Back Door. He will form a new company, American Broadcasting-Paramount Theatres, Inc., to boss the combine, with himself as president. Noble will be chairman of the finance committee; ABC's President Robert E. Kintner, onetime newspaper columnist (Alsop & Kintner), will head the company's ABC division. Paramount will swap its common and preferred stock for ABC's common at a ratio placing a value of $14.70 on each ABC share (last week's market price: $13). ABC will then have 16% of the new company's common stock; Noble will hold 9%. CBS, which...
...deal got his first taste of show business as a boy in Scottdale, Pa., where his father was part owner of the town's two theaters. Leonard Goldenson wanted to get into the movie industry on finishing Harvard Law School in 1930, but got turned down at Paramount's front door. He came in through the back, as a lawyer, when he was hired to reorganize Paramount's New England division. Paramount made him assistant operations boss, put him in charge of theaters in 1941. Last year, when Paramount's theater and picture-making operations were...
Movies for TV? His new venture has the earmarks of a good deal. In television, ABC has been long on facilities (owning its own TV stations in New York, Detroit, Chicago, Los Angeles and San Francisco), but short on entertainment talent and cash for further development. Paramount, whose famed stage shows have launched such luminaries as Danny Kaye, Perry Como, Frank Sinatra, Betty Hutton and many a name band, is long on entertainment know-how and cash...
Goldenson is keeping mum about future plans,but his deal has some obvious possibilities. He is already installing big-screen TV facilities in 27 Paramount theaters, could tie them in with ABC programs. With his potent bargaining force as the country's biggest exhibitor, he might also break the movie-producing industry's blockade against new films for TV. A likely solution: use TV for "second-run" showings of new pictures after first-run showings at Paramount theaters...