Word: schencks
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...cigar-puffing 64-year-old onetime Glasgow solicitor named John Maxwell, who had just upset the biggest film deal of the year-to make an even bigger one. Mr. Maxwell had as good as bought Gaumont-British, thereby discomfiting two resounding Hollywood names, the brothers Nicholas and Joseph Schenck...
...future of this oldest and greatest of British cinema companies appeared to have been definitively settled last July, not in London, but in Manhattan. Joseph Michael Schenck, chairman of Twentieth Century-Fox Film Corp., seated appropriately on a hotel divan between his brother, President Nicholas Michael Schenck of Loew's, Inc., and the president of Gaumont-British, Isidore Ostrer, announced a three-way Gaumont deal (TIME, Aug. 3). Nick Schenck's Metro-Goldwyn-Mayer, Loew's production subsidiary, was going to buy one-half of Twentieth Century-Fox's minority interest in the Gaumorit-British holding...
According to its articles of association, Gaumont control must remain in British hands. It was not quite clear where real control would rest when the Schencks and Ostrers finished their shuffling, but the patriotic assumption was that Hollywood would be a great deal deeper in Gaumont than before. As summer passed it became evident that the Ostrer-Schenck deal was not jelling...
Meantime brave assurances issued from the Schencks that their deal was still on, but reports of Scot Maxwell's resurgence became so hot that Joe Schenck dispatched Twentieth Century-Fox's President, Sidney R. Kent, to London to keep his ear to the ground, his hand on a transatlantic telephone. Fortnight ago, Mr. Kent was suddenly invited to Mr. Maxwell's office in Golden Square off London's Regent Street. If Twentieth Century-Fox would prefer it, said blunt Mr. Maxwell, he would be happy that they should retain their 49% interest in the Gaumont-British...
...regular holiday sport. There they were discovered by the late Marcus Loew, who knew smart showmen when he saw them. The theatre man helped them develop Palisades Park across the Hudson River from Manhattan, which they still own, gave them good steers on other amusement investments. Joe Schenck later went to Holly wood where he married Norma Talmadge and headed United Artists for years. Nick Schenck stuck by Loew's, taking over when the founder died in 1927. For box-office results Nick Schenck likes his pictures sentimental. Once when a feature was submitted for his approval, he shook...