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Purpose of Magna Theatre Corporation & The Todd-AO Corporation

Read more at
in70mm.com
The 70mm Newsletter
Collected by: Thomas HauerslevDate: 01.07.2008
George P. Skouras (president of United Artists Theatre Circuit), Joseph Schenck and Michael Todd formed Magna Theatre Corporation to:

A: develop Todd-AO process
B: raise money to produce "Oklahoma!" in Todd-AO (Note 6).
More in 70mm reading:

Todd-AO
The Todd-AO Projector


Internet link:
Magna Theatre Corporation was incorporated in Delaware on November 27, 1952 (Note 6) and organized on March 25, 1953 (Note 6). Michael Todd owned 31% of the shares. Through Magna Theatre Corporation they commissioned American Optical Company of Southbridge, Massachusetts, USA to develop the lenses, camera, screen, sound and the projector.

The Todd-AO Corporation was formed in June 1954 to be:

"Technical agent for the process" and "To supply and service the necessary equipment".

The company was owned by Magna Theatre Corporation (75% of the shares) and American Optical Company (25% of the shares). American Optical Company owned all patents to the process, which were licensed to The Todd-AO Corporation.
 		 
 
 
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Updated 16-07-18