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Show ; THE FADEOUT 2 'THI millions who patronize the film theaters Z 1 and the hundreds of thousands who have tome of their funda invested in motion picture en-? en-? terpriaee are alike interestd in what is going on - in the magic lantern business. It seems to be a Z time when the full effect of financing in the post- war happy-go-lucky days ia hitting some of the 2 Interests erected on unstable foundations or whose - dreams failed to come true. Decreased patronage, reduced admission fees, - admission taxes, studio retrenchment, too many Z theaters and not enough programs are aome of the causes which have led recently to the filing of receiverships. The bondholders have been ex- - pectinf it and in some measure have fortified themselves against the shock. Even bankers seem willing that the industry ah ail be deflated and stsbilized. Producing concerns and allied enter- prise, are not unwilling to have matters sifted In the courts, but thev are hoping that they will - not lose their control. Movie magnates are as jealous of their leadership aa waa any dowager .. in the days of Barry Wail and his 400 socialites. Equity receivers have been appointed for two ? of tie larger theater companies and bankruptcy - haa given allied interests the miseries. Radio- Keith-Orpheum, allied with Radio corporation, and Paramount-Publix, the theater unit of Para-J Para-J mount, are the ones in receivers' hands. Thoae . - now in bankruptcy are Orpheum Circuit, Inc., 1 R-K-O Southern corporation and R-K-O Western - corporation. Orpheum waa operating $23,000,000 Z worth of properties in about 30 cities when the thunderclap struck it Public Enterprises, Inc., Z noUr banlsrupt, guarantor for Paramount's - J leasee In SI states. There are numerous other r Interests with names which might confuse them Wlth .m.? th. " tu they are aaid to be unaffected. 2 In a bright spot. If all goes welL Fox. Warner Z "? LcT, f;.,,lt,tm. P"- " doea not go - wl,JwUthat'a looking ahead too far right now. - . Landlords and mortgagees are to be asked to Z J'" rentals and fixed charge requirements down to, levels the receivers believe more in keeping - Wlth- E'TX eonditi0' they do not do this, - it is hinted rather broadly that many of ths - gilded palaces of the celluloid drama will have to - shut up ahop. Some of the houses already have I b,ck ,thlr original owners, aome of - them to close and aome to fight to stay open. On the production end, it looks aa if some of . the highly Inflated salaries of stars will have to come down and other lavish expenditure, be Z ecaled to within eight of the light of reason. Mean- while shrewd management ia making hay for om".' the studios engaged in specialization. bomebody will make a lot of money out of this 1 situation but there will be many who will be in f the inarket tor a large gailonage red Ink. |