Word: profits
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Dates: during 1950-1959
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...people-more than a third of the world's population-have seen at least one of Disney's 657 films, most of which are dubbed in 14 languages. And one taste of a Disney picture makes millions of moviegoers cry for more. Disney takes pleasure-and enormous profit, of course -in gratifying this hunger. Thirty million 10? copies of Walt Disney Comic Books are bought in 26 countries every month, and 100 million copies of more expensive editions (from 25? to $2.95) have been bought since 1935. Songs from Disney pictures sell $250,000 worth of records...
...last for the task he had set himself: to make a full-length cartoon feature. It had long been his heart's desire, but by this time it was a business necessity; cartoon costs had risen so high that it was no longer possible to make a profit with shorts. So he borrowed $1,500,000 and made Snow White. Released in 1937, it was one of the biggest hits that Hollywood had produced since The Birth of a Nation. It grossed $9,000,000 on its first release (it has since earned $5,000,000 more), produced seven...
...wolf was still haunting Disney's door. Production costs on cartoons were rising so fast that they gobbled up the profit as it came in. Walt turned to another source of income. With funds blocked in Britain, he made four live-action features between 1950 and 1953: Treasure Island, Robin Hood, The Sword and the Rose, Rob Roy. They were all amazingly good in the same way. Each struck exactly the right note of wonder and make-believe. The mood of them all was lightsome, modest. Nobody was trying to make a great picture. The settings, in the British...
...millionaires count on salaries alone. By whatever energy, invention or imagination they make their big stake, they keep it by taking careful advantage of the capital gains tax,* under which assets held for six months can be sold as a long-term capital gain and the profit taxed only 25%. A single man who invests his money in an apartment house, for example, then sells it six months later at a $300,000 profit, would have to pay $247,280 to the Federal Government if the profit was taxed as income. By taking his profit as a capital gain...
...bought control of Washington's Capital Transit Co. five years ago for $2,100,000. Since then Wolfson has paid out $5,911,200 in dividends from cash in the till. As a result, the stock has soared, bringing Wolfson and his associates a whopping $4,378,320 profit on the stock alone...