Word: rko
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Dates: during 1950-1959
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...familiar pilot was back at the controls of RKO Pictures last week. Howard Hughes, who sold control of the studio only two months ago for $7,093,940 to a group headed by Chicago Promoter Ralph Stolkin, moved back into control without putting up any cash. Noah Dietrich, Hughes's right-hand man and executive vice president of Hughes Tool Co., is expected to become RKO president. With Dietrich and two other satellites on the five-man board, Hughes has complete control, although the Stolkin group still holds the majority (29%) stock interest...
After a flood of unfavorable publicity had forced four Stolkin men to step down from the board, Stolkin turned to Hughes because he still has a sizable financial interest in RKO (the group still owes Hughes some $6,000,000, to be paid off in 2½ years), and seemed to be the only one willing to try to put the studio's humpty-dumpty operation together. Hughes, reluctant to step back into RKO, promised to keep his eccentric hand off picture production...
Face to Face (Huntmgton Hartford; RKO Radio) is a two-part picture of mixed merits that gets its title from Rudyard Kipling's The Ballad of East and West. ("But there is neither 'East nor West, Border, nor Breed, nor Birth, When two strong men stand face to face, though they come from the ends of the earth...
...twin picture is also a double debut. It is the first offering of Huntington Hartford, 40-year-old art patron and heir to A & P millions, who decided to turn producer, with plans to deliver two pictures a year during the next three years for RKO release. It also introduces to the screen (as the beguiling bride of Crane's sheriff) Marjorie Steele, a onetime cigarette girl in a Hollywood nightspot, who is Hartford's wife in real life...
Hans Christian Andersen (Samuel Goldwyn; RKO Radio) is an unusual cinebiography in that it candidly disclaims having anything to do with the facts of its subject's life. A foreword to the picture announces: "Once upon a time there lived in Denmark a great storyteller named Hans Christian Andersen. This is not the story of his life, but a fairy tale about this great spinner of fairy tales...