Word: paramounts
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...aging (74) Nick Schenck, now honorary chairman. They have two hurdles ahead. Not only must they actually line up enough proxies to oust Schenck and Schary, but they must find a competent man to replace Vogel. They have already offered the presidency to Leonard Goldenson, president of American Broadcasting-Paramount Theatres, Abe Schneider, vice president of Columbia Pictures, and Lew Wasserman, president of Music Corp. of America. All three turned it down. Said the Lehman-Lazard spokesman: "At February's annual meeting, the two investment companies will be able to walk in and take control without a fight-provided...
...speeding the success of good old movies on TV, CBS may be setting a dangerous precedent. Topflight movies are now available to all of the 430 TV stations in the U.S.; within the past year all but two major studios (Paramount and Universal-International) have sold old films to TV. Last week 20th Century-Fox leased to National Telefilm Associates, which has tie-ins with some no stations throughout the U.S., a $30 million backlog of 390 feature films. If Oz had been presented locally in only a handful of cities across the nation, it would have clobbered such...
Back in Hollywood, the producer discovered that the Paramount lot (35 acres) was not big enough to contain his other big scene: the crossing of the Red Sea. He therefore demolished the intervening buildings, joined Paramount and RKO territory, built a 200,000 cubic-foot swimming pool, installed hydraulic equipment that could deluge the area with 360.000 gallons of water in two minutes flat. This scene alone cost more than a million dollars and took 18 months to shoot...
...insiders concede that Bob Kintner kept a close rein on the newcomers from Paramount. But he gave plenty of authority to the able old ABC hands; e.g., Vice President John Daly has almost full policy-making and operations control over the news, special events, sports and foreign affairs...
...Substantial Dispute." Finally, President Goldenson's dump-Kintner campaign won over 13 of the 17 directors on the company's board, which is heavy with Paramount men. Kintner sent a cold letter of resignation to "Dear Mr. Goldenson," stating that "We are in substantial dispute concerning policies relating to the organization and operation of ABC." Goldenson then personally took charge of ABC, promised to find a new president later...