Word: recouping
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When housemaster Charles Dunn cancelled the first showing of the porn flick, most assumed the fight was over. But the film society, still hoping recoup earlier financial losses, decided to screen the movie the next weekend...
...four years ago against just such an eventuality. The company is covered for 90% of the $87 million it agreed to pay the Soviet Union and the International Olympic Committee for television rights and technical faculties. Since it has ponied up $70 million so far, this means it should recoup $63 million. Uninsured losses include $30 million spent on training of personnel, travel to Moscow and promotion; $1 million paid to a West German middleman, Lothar Bock, for helping NBC win the broadcast rights; and $4 million worth of insurance premiums. Ad profits for the network and its five owned...
...Sears shoppers wanted to maximize cash, not cachet. When the upgrading effort flopped badly, Sears switched directions and tried to recoup by launching a price-cutting drive. Sales rose 15% in 1977, but market shares slumped and profit margins dropped. Last year Sears again shifted tactics by cutting down promotions and long-running sales to rebuild earnings. But that also failed, and sales declined 2.3%. Sears was developing an acute case of corporate schizophrenia. Says Morgan, Stanley Analyst Walter Loeb: "There is a certain sexiness about Penney's, a certain chauvinist budget-orientation about K mart. But Sears...
...about protecting his treasure. Now he requires that his male receptionist inspect the bathers before they undress to see if they are carrying hammers, gimlets or any other sharp instruments. Scrapes and scratches have appeared mysteriously on the tub, and Yokoi fears that his guests might be trying to recoup their costs under their fingernails...
...that "it's too early to say" how the picture will do and suggests that neither Universal nor Columbia, who co-financed the film, will lose any money. Yet movie analysts reckon that the film may have to gross as much as $100 million before the studios can recoup their investment. So far, 1941 has done only $15 million and is fading fast...