Hollywood's leading citizens, aglitter and atwitter one evening last week in the little Academy Award Theater, gulped when they heard the announcement. To Britain, target of many a ripe tomato for its quotas on U.S. films, went the choicest plum of U.S. filmdom: the Oscar for the year's best picture. The winner: J. Arthur Rank's Hamlet (TIME, June 28).
Not only did Hamlet become the first foreign movie ever to capture the big prize, but its title-role performance by Sir Laurence Olivier was judged the best by an actor in 1948. Olivier's Hamlet also...
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