Hollywood Goes Its Own Way

While many a corporation was losing its shirt, Hollywood's studios were able to fit themselves out in the finest mink-lined sport shirts. Last year had been a record year. This month Paramount's President Barney Balaban declared that 1946 would be even better. This meant that profits would be in the supercolossal class of around $130,000,000—double last year's. And dividends might run as high as $42,000,000, almost double last year's.

Hollywood, which can explain everything, had an explanation for this, aside from the general prosperity. Twentieth Century-Fox's shrewd Darryl F. Zanuck credited 1)...