FOREIGN TRADE: M.G.M. To England

Hollywood has always deeply cherished the profitable British film market. Recently, it was profoundly shocked to discover that its passion was in danger of becoming one-sided. Well-heeled Britons like Cinemagnate Joseph Arthur Rank (TIME, Dec. 20) have appeared ready & willing to break Hollywood's near monopoly of their home market. Last week, Metro-Goldwyn-Mayer was not napping; it was spending plenty of cash to expand in Britain.

Through its recently formed British subsidiary, M.G.M. London Films, M.G.M. 1) announced payment of well over $1,000,000 for its first English studio, 108 acres at famed Elstree; 2) began filming the first of a series...

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