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...business, seven of every ten releases are box office flops. Financing is drying up, and most studios have cut back to a handful of new productions a year. What would Hollywood make, then, of a brash little outfit called Hammer Films on a second floor in London's Soho district? Hammer is riding a streak of nearly 100 straight moneymaking movies. Last month it began shooting its tenth new production of 1971. So successful has it become at exporting its wares that it is a winner of the Queen's Award for Industry-a grateful tribute...

Author: /time Magazine | Title: Show Business: Rise of the House of Hammer | 12/6/1971 | See Source »

Compromise Tenancy. Noting that SoHo was zoned for light manufacture, the CPC took the view that since no small business there can realistically afford the present rents, the artists were driving manufacturers out and thus endangering the jobs of at least 20,000 unskilled, predominantly black and Puerto Rican workers. Massive evictions of artists seemed sure to come, since they were all illegal tenants. A committee named the SoHo Artists' Association was formed with a twofold aim: 1) to have artists officially reclassified as "light industry," and 2) to persuade the CPC that artists need to live where they...

Author: /time Magazine | Title: Art: The Last Studios | 7/5/1971 | See Source »

After much negotiation, the planning commission, prodded by Mayor John Lindsay, came to a compromise agreement last January. It legalized the residential use of about 1,000 lofts in SoHo, provided the lofts were less than 3,600 sq. ft. in area. "Simply legalizing artists' tenancy in the area," the commission felt, "would drive up rents and force industry out, with the consequent loss of jobs." The CPC set up a certification committee to decide who is, and who is not, an artist. The committee has been the butt of much criticism, particularly from artists who are not involved...

Author: /time Magazine | Title: Art: The Last Studios | 7/5/1971 | See Source »

...Offs. If there is one constant theme when artists talk about SoHo, it is simply that they want to be left alone. It is one of the few remaining areas of Manhattan where there is a real symbiosis between groups and occupations. Everything that is needed to outfit a studio, do up a loft or make an electronic sculpture lies within a few blocks, among the tool-rental businesses of Greene Street, the lumberyards of Spring and Wooster, the hardware stores on West Broadway, and the bazaars of secondhand circuitry, gadgets and plastics that line Canal Street. It would...

Author: /time Magazine | Title: Art: The Last Studios | 7/5/1971 | See Source »

...have a "scene" at all; nothing apparently exists behind its nobly looming iron facades except art and cotton waste. But what disappoints the tourist delights the resident artist as he sits on his fire escape in the evening, five floors up, smoking grass and listening to Dylan. For SoHo is nothing like the traditional fantasy of bohemia. It is irreplaceable, one of the few areas of New York that is neither a slum nor a spectacle...

Author: /time Magazine | Title: Art: The Last Studios | 7/5/1971 | See Source »

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