Gravy Profits For U's Old Uns Cut to 16mm 

50 Reel Net Yearly Gain From Aged Films in Vaults

Discovery by Universal that old prints standing idle in vaults can be reduced to 16mm and yield a gravy profit of approximately $50 per reel per year, per print, will result in a considerable expansion in that field. At present Universal is only covering about 10 per cent. of the country. In New York libraries have been established at Gimbel's and Willoughby's.

The profit to the producing company is based on a flat royalty of $1 per week per reel charged to the libraries on all prints.

As the burden of servicing is placed upon the libraries the producer finds the income practically net. A group of Universal executives discovered and developed the possibilities of the 16mm libraries.

"Gravy Profits For U's Old Uns Cut to 16mm," Variety, March 14, 1928, page 4.

© 1998, David Pierce, on editing and revisions (if any)

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