Cinema: The Take

After months of financial calamity-howling, the seven major studios last week found that in 1947—despite the British tax, several box-office slumps and a 12% jump in production costs—they had netted (after taxes) about $96,000,000.* It was, to be sure, 23% less than they had collected in 1946, but it was more than the movies had made in any year before that.

But during 1948, moviemen gloomily predicted, studio earnings would plunge to about $60,000,000; Warner's first-quarter 1948 profits were down 40% from last year's, Columbia's 50%, MGM's 60%.

Meanwhile, the winter of box-office discontent...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!