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Warner-lasky Merger Reported and Denied

August 21, 1929
See Original Daily Bulletin From This Date
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A merger of Warner Brothers’ Motion Picture Corporation with Paramount-Famous-Lasky will be completed within the week, it was reported by the Los Angeles “Examiner,” quoting Jack L. Warner, West Coast head of the former organization, as its authority.

Mr. Warner said he would start for New York to arrange the details.

“I cannot say at present that the papers have been signed,” Warner was quoted as saying. “Until these conferences are completed, I cannot divulge the details of our plans.

“The proposed union will bring together about 2,400 theatres throughout the country. This will include approximately 2,000 theatres controlled by Publix and Paramount, and about 400 controlled by Warner Brothers.

The merger, when consummated, would involve the combination in one corporation of more than $400,000,000 in holdings. Mr. Warner stated that the new company would be governed by a board of directors and probably headed by Adolph Zukor or Harry M. Warner.

The merger report was denied by Jesse L. Lasky, First Vice-President of Paramount-Famous-Lasky Motion Picture Producers in an interview with the Associated Press.

The negotiations were also denied by Albert Warner, a member of the firm.

Abraham Eisner, a charter member of the William McKinley Lodge of Masons, was killed on his seventieth birthday when he stepped into an empty elevator shaft in the Lodge building, New York. Mrs. Eisner, who also fell into the shaft, was taken to Columbus Hospital in a critical condition.

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