Word: rko
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...much as either they or Hollywood producers would like. Vacations are exceptions. On the theory that children like pictures about children, several such appear at Christmas, at Easter and in June. Released on schedule last week were two major productions involving the top single-digit stars of both sexes, RKO's Bobby Breen, 9, and Twentieth Century-Fox's Shirley Temple...
Winterset (RKO) is Maxwell Anderson's play, transferred to the screen by Producer Pandro S. Herman with such honesty, intelligence and skill that it betters its original. By abbreviating some of Author Anderson's less appropriate flights of poetry, Anthony Veiller, who wrote the screen play, improved the dialog. RKO's art director, Van Nest Polglase, taking his key from the stage sets designed...
That Winterset will fail to appeal to the cinema's mass audience is likely. As an investment for RKO it can therefore be measured mainly as an introduction to the cinema public of several new faces...
Chapter 7- Last week, a year after Lawyer Spitz stepped in, Atlas Corp. & friends presented a reorganization plan for unhappy RKO. Chief features: 1) corporate simplification of RKO subsidiaries; 2) sale of new common stock to provide $1,600,000 fresh capital; 3) exchange of $11,600,000 in 6% debentures for new 5½% debentures plus stock; 4) acceptance by Rockefeller Center of 500,000 shares of new stock in settlement of claims for $9,150,000 for unpaid rent on offices, the Center Theatre and huge Music Hall's reduction of outstanding common stock by one-half...
Thus, an investor who purchased 100 shares of RKO common stock in 1929 found his holdings reduced to 25 shares by the four-for-one reverse split in 1931. If the present reorganization plan goes through those 25 shares will become 12? shares. Those shares will, however, be worth about $16 each on the basis of last week's price for the old stock. For the oddest theme in the RKO story is that while its finances went from bad to worse, its position in the cinema industry showed astonishing improvement. In booming 1929, RKO was hardly more than...