Cinema: Panic in Paradise

Hollywood is in the dreadful predicament of a pauperized nabob suddenly reduced to four limousines. Oldtimers are telling newtimers that the town has never been so scared. Chief apparent reason: the new "confiscatory" British tax, which would rob Hollywood of its comfortable profit margin (TIME, Aug. 18).

The studios are concentrating on "cheap" million-dollar pictures. Costs are being cut, shooting schedules reduced. Metro's If Winter Comes (Deborah Kerr and Walter Pidgeon), which would normally have taken 70 days to shoot, has been finished after only 57. Fox canceled the expensive costume piece, The...

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