HE MADE HOLLYWOOD.
CARL LAEMMLE SELLS OUT.
Carl Laemmle, president of the Univei sal Film Corporation, and 69-year-ol pioneer of the film industry, has sold hi interest in the concern for 5,500,0 C dollars (£1,100,000). He held more tha 90 per cent of the stock in the corpore tion.
The purchasers are the Standard Capital Company and Charles R. Rogers, backed by a combine consisting of the Woolf interests, of London, Eastman Kodak Company, and Electrical Research Incorporated. They will take an active part in the management of the Universal Film Corporation's producing and distributing organisation within 20 day 3. "Uncle Carl," as Laemmle is known to hi? associates, is credited with having caused Hollywood to become the film capital of the world. He established the studios of the Universal Film Corporation at Universal City, outside Hollywood, .in 1915. -This started a gradual drift of motion picture producers from the East to Los Angeles. He entered the film business by establishing a "nickelodeon" in Chicago in 1906,
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Auckland Star, Volume LXVII, Issue 115, 16 May 1936, Page 5 (Supplement)
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167HE MADE HOLLYWOOD. Auckland Star, Volume LXVII, Issue 115, 16 May 1936, Page 5 (Supplement)
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