Slump Is On Now, Says Movie Executive
Replying to a question “Is there a slump in Hollywood?” Mr N. B. Freeman, managing-director for Metro-Goldwyn-Mayer organisations in New Zealand and Australia, who arrived by the Arawa, said there was, in a sense, a slump in the motion picture industry all over the world. Mr Freeman attributed the slump to poor management. Films made by Metro-Goldwyn-Mayer in 1939 were produced at an average of 750,000 dollars each, while those in the period 1944 to 1947 cost 2,000,000 dollars apiece, he said. Although the industry must live within its means, that did not mean that technique would suffer, as economies were being made even with improved technique. For instance, it might be more economical to ship a cast to Europe from England or the United States to film a sequence on the spot rather than build elaborate sets for use at the studio.
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Bay of Plenty Beacon, Volume 12, Issue 28, 9 March 1948, Page 2
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150Slump Is On Now, Says Movie Executive Bay of Plenty Beacon, Volume 12, Issue 28, 9 March 1948, Page 2
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