SHOW BUSINESS: Prosperity Row

The eight top U.S. motion picture companies last week got something they could really call colossal: a cocky, teen-aged messenger barged into their showy Manhattan offices, left checks totaling over $42,500,000—the biggest single batch of cash Hollywood has ever seen. The checks, ranging from $11,267,000 for Loew's Inc. to $2,113,000 for Columbia Pictures Corp. represented money owed by British film distributors ever since the outbreak of war in 1939 when the Exchequer abruptly barred all cash payments.

First-Class Business. This windfall comes smack atop the biggest year in U.S. cinema history. The stampede to spend new-found cash and forget the...

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!