Ups and Downs of the Rollercoaster, Part 6
SW never operated more than 22 Cinerama theaters at one time, and they never produced enough pictures to keep even those busy (and nowhere near the court-imposed limit of 15 pictures). When they did produce a new Cinerama picture, all they could think to do was produce yet another travelogue, the only real change being where the picture traveled to. Even then, as we have seen, SW would delay release until they had wrung the current release dry; they insisted every picture had to premiere in New York, yet they wouldn’t open a second New York theater. Nor would they even consider beginning a new picture while they had one waiting in the wings; the idea of creating a backlog of pictures ready to go appears never to have been considered.
In 1957, when the foreign-rights agreement with Robin International expired, Stanley Warner ventured into that area themselves. They learned a lesson, though, from Nicolas Reisini’s practice of sub-licensing Cinerama to local exhibitors, who would pay to convert a theater, then lease rather than purchase the equipment from Cinerama Inc. Essentially, what Reisini had done, and what SW did now, was to sell Cinerama “franchises”. It was a policy that might have served Cinerama well from the outset — and indeed Reisini would employ it with some success after he took the driver’s seat — but it seems not to have occurred to anyone before Reisini came along.
Part of the problem all along was Cinerama’s Byzantine corporate structure, which hampered any attempt to strategize Cinerama for the long run. Instead of one central corporation, Cinerama was first three, then four, all severely under-capitalized and with complicated financial relations. A serious simplification of the arrangement was called for, but Stanley Warner never made any effort in that direction.
Nicolas Reisini was, if nothing else, an energetic and ambitious entrepreneur and wheeler-dealer, and he hit the ground running. Even before assuming the presidency of Cinerama in May 1960, he accomplished something nobody before him had been able to do: He established a co-production agreement with a major studio. The studio was MGM (then flush with the critical and box-office success of Ben-Hur), and the agreement was announced on December 11, 1959: They would produce at least two and as many as six features; MGM production chief Sol C. Siegel would supervise them, with Cinerama having script, director and cast approval; Cinerama would distribute and exhibit the pictures in their theaters, and MGM would handle distribution of 35mm general release versions after the Cinerama roadshow engagements.
It wasn’t enough to save his job. Enter William Forman of Pacific Theatres. Several of his theaters had installed Cinerama equipment, and Forman jumped in with both feet in February ’63: for $15 million he bought up the note Prudential Insurance Co. held from their 1959 loan of $12 million, and with it he acquired a series of stock options, all of which he excercised, to the point where he replaced Nicolas Reisini as president and CEO in December ’63. Reisini remained as chairman of the board for the time being, but in September ’64, with Cinerama Inc. teetering on the edge of bankruptcy, he resigned even from that, effective immediately.
Welcome,Samantha! And please forgive the delay in responding to your request. I'm afraid I can't tell you much more about the traveling Cinerama tent than is already in my post. Most of my info came from David Strohmaier's excellent documentary Cinerama Adventure; you can learn more about the documentary at the link. Also, there's a "Contact Us" page where you can get in touch with Mr. Strohmaier directly for further information; I've always found him very prompt and helpful.
There's also more about Cinerama's history at the In70mm Web site; a little sloshing around may lead you to more details about that tent.
If Cedric Price's tent project for his Dutch client started in 1963, seems to me it could well have involved a decomissioned "Itinerama" tent. That was around the time Nicolas Reisini was trying to regroup and shore up Cinerama's finances (eventually getting nosed out by William Forman and Pacific Theatres), and he might easily have been happy to unload the tent on a respected architect who had a use for it. This, however, is purely speculation on my part; David Strohmaier or somebody at Pacific Theatres might perhaps shed some light on the question.
Good luck and good hunting, and thanks for stopping by!
HI – I am researching the work of a British architect called Cedric Price (1934-2003). He lists amongst his projects a design for a tent for a client in Holland (1963-71), and the photos in his archive show the more robust version of the tent with tilted roof. The textual records of the project are thin and inconclusive. Do you know who designed that tent? I wonder if Cedric got his hands on a decomissioned one and reused it for his own client's purposes? Any clues would be greatly appreciated!
Samantha Hardingham, London
Hi Jim!
Thanks again for another wonderful series. One advantage of your site is that you can tell a compelling story over many chapters. Unlike a magazine article, which has to condense all the highlights into one entry. Fans like me, who missed out on all these facets of the movies when they first happened, owe you a great debt. I can't wait to see what's next!
I love the photo montage of the Cooper "Super Cinerama" you've posted. It certainly illustrates the big vision of Cinerama.
Can' t wait for the festival to start! During HTWWW, I'm going to watch carefully to see I can tell the different camera shots; thanks for pointing this out.
You must be doing this to eventually write a book if not then you should and I now want a thank you credit when the book does come out.