Deal

Canadian Cinema. Similar names, Adolph Zukor serving as president of both, a distribution contract until 1939, would indicate that the bonds of interest between Paramount-Famous-Lasky Corp. and Famous Players Canadian Corp., Ltd., are close indeed. But last year F. P. C. established its independence when a group of Canadians acquired control by purchasing a block of stock from Paramount and setting up a voting trusteeship. Soon afterward control was almost resold to Gaumont British Pictures Corp., Ltd., Fox controlled. Perhaps to avert some such catastrophe in the future, Paramount last week offered to exchange its shares for those of the Canadian corporation, a move that angered patriotic minority stockholders.

Almost 200 theatres are operated by F.P.C., which last year earned over $2,000,000. A unique feature of the deal is that it will make Radio Keith Orpheum and Paramount partners in a small way, for RKO and F.P.C. jointly control Radio Keith Orpheum. Ltd., of Canada.

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