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...massive press conference in RKO's chart-lined budget room, Wald and Krasna beamed over the details of the juiciest independent production deal in movie history. In five years, Hollywood's "wonder boys" would make $50 million worth of A pictures for RKO release. The movies, to be cranked out at a production-line rate of twelve each year, would be financed 40% by Howard Hughes and 60% by Eastern banks. Besides weekly salaries of $2,700 apiece, Wald and Krasna would rake in 50% of the net profits on each of their 60 films...
...months before Pearl Harbor, U.S. Army engineers asked Sverdrup to chart a string of air bases for a plane-ferrying route to the Philippines and Australia; he was in the Fiji Islands when war came...
...worse off in military plane production than it had been at the time of Pearl Harbor, when it had had the benefit of two full years of preparation for war including French and British orders (see chart). By the end of 1941, the U.S. was turning out 19,290 military aircraft a year; in the last twelve months, only 2,713 military planes were delivered. And the scheduled production for the next twelve months is even smaller-a spindly 2,297 planes, in the face of current Soviet production believed to total 12,000 military planes a year...
Last week it looked as if best-selling Gordon Jenkins' formula would keep right on pleasing the U.S. public. In its "Record Possibilities" chart, popularity-wise Billboard picked Jenkins' latest release, Tzena, Tzena, Tzena, a fast-paced Hebrew folk song with a Jenkins lyric, as the week's new record most likely to succeed in weeks to come...
Crossed Fingers. By last week there was a significant change in the fever chart: the price of gold was dropping all over the world. In the free market of Tangier where many of South Africa's premium sales were made the price was already down to $36.90 an ounce off more than $1.50 in a month and below the level where South Africa can make its premium sales pay. In France the price had tumbled to $38.25. In Milan and Hong Kong the story was the same. All over the world, said Manhattan's Franz Pick, publisher...