Boxoffice-August.1989
— OPENING CREDITS THIS ISSUE OF BoxoFFiCE marks the 51st edition of our annual buying guide to the motion picture industry. As in years past, our annual listing of distributors of theatrical films and suppliers of motion picture equipment is the most comprehensive in the industry. A quick look at these information packed pages wiW give you an impressive overview of all aspects of this business: from the suppliers of hard-to-find parts for aging projectors to the distributors of an film shorts; from back-of-seat cupholder manufacturers to the people who write software for in-theatre computer systems. But an equally quick comparison between this year's directory and last year's provides some sobering thoughts for the theatrical industry. In our listings of film distributors, for example, some familiar names no longer appear: in the last few months the industry has lost the distribution talents of Atlantic, Cannon (absorbed by Pathe), Cineplex, New World, Spectrafilm and Vestron, to name just a few. Some of the these companies folded due to a lack of return on their investment money Buying Fever who only are interested in New World's television division). Though these moves might make sense from a short term conglomerate business standpoint (all the above companies are part of or were taken over by conglomerates), we worry about the long term effects on the film industry as a whole. The conglomeration fever in our industry has now moved from the acquisition of exhibition outlets to the acquisition of production outlets, and this does not augur well for us. Just recently, George Lucas bemoaned the rash of corporate takeovers (in particular, the almost scandalous hostile Time-Wamer-Paramount takeover battle) by stating that such actions "damage the creative energies of the entertainment industry" by creating companies with enormous debts, thus tying up resources that should be made available instead for risk-taking on new films, new filmmakers, and new ideas. That is precisely what has happened to New World and Atlantic; despite what one may have thought about their film product, two voices of independent distribution have been silenced. What this means is less product for American theatre screens and, in particular, less product for the screens of American independent theatre owners. Taken alone, that is a bad sign for our industry, as more (Vestron, for example, which just couldn't come up with a major boxoffice hit after their success with "Dirty Dancing"); others were folded up as a result of sales or buyouts (Atlantic, purchased by the owners of Kartes Video Communications, was promised an infusion of money which was never forthcoming; New World Distribution has seem- and more smaller theatres are forced out of business. But worse yet is the impact on American society as a whole, of which more will be said in this space next month. Harley ingly been jettisoned by new owners Andrews Group Inc., W. Lond •••• (Highest Sating) T \ } u^ ptuous view of gl< Fortable theater chair. American Desit's Asl Lounger II and Astro Rocker 11 theater chai " ' "^ '^ AMERICAN DESK ^^
CUSTOM FABRICATION ^^W; |l A TECHNOLOGICALLY ADVANCED POPCORN WARMER MUST: A,, w.iculating System Deration In Peak Perio srmostat !y Quality Craftsnnen Popcorn STEIN MJU!S77?/ES INC. (516) 789-2222
- Page 1 and 2: usiness m August 198d, $5j 51st ANN
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CUSTOM FABRICATION<br />
^^W;<br />
|l<br />
A TECHNOLOGICALLY ADVANCED<br />
POPCORN WARMER MUST:<br />
A,, w.iculating System<br />
Deration In Peak Perio<br />
srmostat<br />
!y Quality Craftsnnen<br />
Popcorn<br />
STEIN MJU!S77?/ES INC.<br />
(516) 789-2222
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