Word: teleradio
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Dates: during 1950-1959
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HOWARD HUGHES is near agreement with Thomas O'Neil, president of General Tire's subsidiary, General Teleradio, Inc., on a deal for RKO pictures. O'Neil will pay $22 million ($13 million cash) for RKO's picture-making facilities plus its library of 700 films, use both movies and the studio in his TV business...
BANK OF AMERICA, which owns 30 motion pictures (among them: Arch of Triumph, Body and Soul), has signed a contract with General Teleradio Inc. to put them on TV. General Teleradio will pay more than $1,250,000 for the TV showings, will release the first 15 for telecasting within the next few months...