In the latest and loudest of the film industry's frequent cries of wolf, Edwin Silverman, president of Essaness Theaters (whose chain has shrunk from 43 to 13 theaters), offered a prophecy of doom: "In my opinion, all major Hollywood studios engaged in the production of motion pictures for theaters, with the possible exception of one, will close within the next six months."
Is Hollywood really through? This year, average weekly movie attendance is down to 44.2 million from a peak postwar average of 82.4 million, according to Sindlinger & Co. Universal Pictures Co., Inc.,...
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