FIST 220 Lecture Notes - Lecture 12: Making Money, Spaghetti Western, Filmophile
Document Summary
70% pretty much daily/weekly the decline was made up many factors. Post war baby boom period and the sense of moving outwards, into the suburbs, this means people have more free time, big families and spending time doing other things. 1948 paramount case - the major need to get rid of their cinemas, unethical business practice. Cluster of political forces, as the bucks stop here now with hollywood. Population is going up higher, though the percentages drop, so technically the numbers don"t drop as much as they think. Mgm profits alone went from 18 million dollars a year in the mid 1940s to 4 million in the early 1950s; in 1957 mgm lost money fore the first time in its history. Within a decade, they dropped from making money to losing money. Major studios, the bigger they were, the more they were hit, they took their sweet time to get rid of their theaters.
