Purpose of Magna Theatre Corporation & The Todd-AO Corporation | Read more at in70mm.com The 70mm Newsletter |
| Collected by: Thomas Hauerslev | Date: 01.07.2008 |
 George P. Skouras (president of United Artists Theatre Circuit), Joseph Schenck and Michael Todd formed Magna Theatre Corporation to:• Develop Todd-AO process • Raise money to produce "Oklahoma!" in Todd-AO Magna Theatre Corporation was incorporated in Delaware on November 27, 1952 and organized on March 25, 1953. 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. | More in 70mm reading: Todd-AO The Todd-AO Projector Internet link: |
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