MANAGEMENT: Hands Across the Sea

Two movie tycoons, representing, in effect, the U.S. and British movie industries, last week reached an important decision. Instead of fighting each other in world markets — wherein Hollywood now has a virtual monopoly and the British have high hopes — they agreed henceforth to lend each other a helping hand. This was top-rank international business news.

For all practical purposes, the British industry is mainly Cinemagnate J. Arthur Rank (TIME, Dec. 20). Among the new crop of Hollywood tycoons, perhaps the most up-&-coming is the boss of Twentieth Century-Fox Film Corp.,...