Arnaz's Role in The Company
In late 1957 the company also bought the RKO Pictures movie production properties and facilities, including its main lot in Culver City, with the backlot known as Forty Acres, and another lot on Gower Street in Hollywood. These acquisitions gave the Ball-Arnaz TV empire a total of 33 sound stages — four more than Metro-Goldwyn-Mayer and eleven more than Twentieth Century-Fox had in 1957.
Much of Desilu Productions early success can be traced to Arnaz's unusual business style in his role as producer of I Love Lucy. For example, lacking formal business training, Arnaz knew nothing of amortization, and often included all the costs incurred by the production into the first episode of a season, rather than spreading them across the projected number of episodes in the year. As a result, by the end of the season, episodes would be nearly entirely paid for, and would come in at preposterously low figures. In addition, Arnaz took the unprecedented step of buying the episodes of I Love Lucy for an astoundingly low cost from CBS, realizing, as the network did not, the potential of the rerun.
Read more about this topic: Desilu Productions
Famous quotes containing the words role and/or company:
“The addition of a helpless, needy infant to a couple’s life limits freedom of movement, changes role expectancies, places physical demands on parents, and restricts spontaneity.”
—Jerrold Lee Shapiro (20th century)
“There is no such thing as “the Queen’s English.” The property has gone into the hands of a joint stock company and we own the bulk of the shares!”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)