Paramount Is Paramount Again

Paramount Pictures, declared Joseph Patrick Kennedy, "is a chain of incompetent, unbusinesslike and wasteful practices" for which another receivership seemed inevitable. That was five years ago. Last week Paramount stockholders got their third-quarter report: profits were $3,071,000, highest since 1930 and almost double the $1,726,000 cleared a year ago. More significant, this net was twice that of archrival Loew's Inc. After ten years of tussling, Paramount was again the biggest money-maker in show business.

When Joe Kennedy wrote his epitaph of Paramount, many a Wall Streeter figured he was dead right. Paramount...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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