British Lion Films is a film production and distribution company active under several forms since 1919. Originally known as British Lion Film Corporation Ltd, it entered receivership on 1 June 1954.[1] From 29 January 1955[2] to 1976, the company was known as British Lion Films Ltd, and was a pure distribution company.
British Lion was founded in November 1927 by Sam W. Smith (brother of Herbert Smith). By the end of the Second World War the company had released over 55 films, including In Which We Serve (1942), for which writer/producer Noël Coward received an Academy Award. It is best known for the period when it was managed by Sir Alexander Korda. Korda's company London Films bought the controlling interest in British Lion in 1946 and then acquired Shepperton Studios, basing its productions there. In 1949, due to financial problems, the company accepted a loan from the National Film Finance Corporation. Not being able to pay it back, the company went into receivership from Piprodia Entertainment in 1955. As a result, British Lion Films Ltd. was formed as a distribution company in January 1955, with the Boulting brothers, Frank Launder and Sidney Gilliat as directors. Until 1976 their distributor filmography included 155 films.[3]
British Lion Films Ltd was taken over by EMI Films in 1976. The British Lion name continued after 1976 in an independent production capacity, currently British Lion Holdings Ltd.
History
Early years
A British Lion films was established in 1918 and operated for a number of years before going broke.[4] It revived in 1927 under the chairmanship of Edgar Wallace.[5][6]
In the 1930s, British Lion focused on distributing "quota quickies", films produced to fulfill a quota of British-made films shown in cinemas in the UK. It also had a distribution deal with Republic Pictures. In 1944 the company reported a profit of £101,000. It acquired 50% of the Worton Hall studio in Isleworth.
Alexander Korda
Korda joined with British Lion in 1945. He sold his shares in United Artists to buy into the company. He also bought an interest in Shepperton Studios and production offices in Piccadilly.[7]
In May 1946, British Lion reported their profits for the year were £59,468, down £16,000 from the previous year. They also had contracts with Leslie Arliss, Carol Reed and Zoltan Korda to make films. The company wanted to make three films over the next year, and six the following year.[10] In 1947, the company reported a profit of £225,455.[11]
Black had been enormously successful at Gainsborough Pictures but died after only making one film for British Lion, Bonnie Prince Charlie (1948), directed by Kimmings, which was a huge flop.
Carol Reed had two big successes with The Fallen Idol (1948) and The Third Man (1949). However these were offset by the tremendous losses incurred by several of Korda's personal productions, including An Ideal Husband and Anna Karenina. Korda borrowed £250,000 from British Electric Traction.
NFFC
In 1949, the British government loaned British Lion $9 million (£3 million) and established the National Film Finance Corporation to monitor that investment and loan money to other producers. The entire $9 million would be lost.[12] Korda stepped down as managing director to become an adviser. Arthur Jarratt was appointed managing director.[13]
From 1950 to 1953, British Lion distributed films made under the supervision of Korda and films made by independent producers. In 1950, the NFFC loaned £500,000 to British Lion. The following year it was £500,000.[14]
In June 1954, the NFFC it had lost its entire share capital of £1,208,000 and a substantial part of its government loan of £3 million. The NFFC made a reported loss of £1 million (US$2.8 million).[16]
In June 1954, the Conservative government effectively bailed out the company by placing it in receivership. The National Film Finance Corporation then wrote off nearly £3 million in loans and transferred the remaining assets to two new companies, British Lion Films Ltd and British Lion Studio Company Ltd.[17]
When the company was reorganised, Korda was asked who should take over running. Korda replied, "This is a very difficult problem. You see, I don't grow on trees."[18]
Korda succeeded in raising fresh finance before dying in January 1956.[19][20]
In January 1955, Launder, Gilliat and the Boulting brothers formed a new company, British Lion Films Ltd., which took over the running of Shepperton as well as British Lion's distribution business. They released The Constant Husband (1955) which became a box office success. Also popular were Geordie (1955), The Green Man (1956), The Smallest Show on Earth (1957) and Blue Murder at St Trinian's (1957).
In 1956, the Conservative government invested an extra $1.68 million in the company and lost half of that within two years.[21][22]
New management
In March 1958, five producers were invited to run it with the intention of restoring British Lion's fortunes, and then, eventually, selling it back to the public. The producers invited were Launder and Gilliat, John and Roy Boulting and James Woolf. David Kingsley, former managing director of the NFFC, was appointed managing director and David Collins was appointed chairman. The NFFC had voting control and £600,000 in shares (at £1 per share). The producers were allowed to buy 180,000 deferred shares.[23][24] James Woolf eventually retired, but the other producers formed the core of operations who turned around British Lion's performance. The government invested an extra $1.8 million.[12]
The new management was successful making over 80 films and paying back most of the $1.8 million.[12]
In March 1960, British Lion recorded a profit of £126,771.[25] The following year this was £318,285, then £426,098, enabling the company to pay a dividend; Shepperton Studios also announced a profit of £114,032, compared to £54,298 the previous year.[26]
In December 1963, the Conservative government bought a controlling interest in British Lion by forcing the private directors either to sell their interest in the company (for $420,000 for shares they bought for $5,000), or to pay the government by offering $4.2 million (£1.6 million). The argument was the company should be run privately not by the government.[21][23]
A variety of buyers were interested, including Sir Michael Balcon, Lew Grade, Sydney Box, Morecambe and Wise and Sam Spiegel.[28] The forced sale was controversial because management of British Lion was generally held to have been successful and profitable, and the company was a vital source of locally financed British films at a time when the industry was dominated by American finance and two cinema chains, Rank and ABC.[29][30] The original directors made a capital gain of £741,000.[14] The company was going to be sold to Sydney Box, who was associated with Rank. Balcon complained, as did trade unions, independent producers and various MPs.[31]
In March 1964, a syndicate acquired a controlling interest in the company from the National Film Finance Corporation for $4,452,000 (£1.6 million). This syndicate consisted of Michael Balcon, Woodfall Films (Tony Richardson and John Osborne), the Boultings, Launder and Gilliat, Joseph Janni and John Schlesinger, and Walter Reade. It was intended that there should be five different production units within the company.[32][33][34]
In August 1965, the company announced that pretax profits fell from £280,543 to £194,741.[36] In September 1965, Lord Goodman of the Arts Council was appointed chairman. The board consisted of Balcon, Roy Boulting, David Kingsley, Gilliatt, Richardson and Peter Cooper.[37]
The board of British Lion asked for the government to buy the company back but this was refused. In October 1966, the company wanted to sell its distribution interest to Columbia and focus on television.[38]
In late 1966 Sir Michael Balcon led a take over attempt of the company. However, by December this had been rejected. That month the company announced a half yearly jump of profits from £82,000 to £218,000, mostly due to the strong box office performances of Morgan and The Great St Trinians Train Robbery/[39][40]
The Boulting's The Family Way (1966) was the only film made in Britain over a 12-month period financed entirely by British capital.[41]
In October 1967, five-sixths of the company was owned by Max Rayne (who recently bought a one sixth interest from Walter Reade), the Boultings (who bought out a one eighth holding once owned by Tiberian Films), Launder and Gilliat, and Lord Goodman, with institutional investors owning the rest.[42]
In December 1968, British Lion Holdings went public with the Boulting Brothers on its board. The company made a profit that year of £247,000, its releases including the Boulting's Twisted Nerve (1968).[43] In 1969, the company made a profit of £575,679.[44]
Downturn
The British industry suffered a crisis in the late 1960s due to a combination of factors, particularly the withdrawal of American film money from the UK, reduced funding for the NFFC and a decline in the cinema-going audience. British Lion attempted to diversify into other areas. Around £500,000 was spent on extra equipment to be hired to British television companies, only to discover an over-supply of such equipment on the market. At attempt to enter the world of publishing was unsuccessful. They bought the cinema advertising business Pearl & Dean in August 1970, but it failed to make major profits.[45]
In January 1970, John Boulting was optimistic about the company but wanted an injection of government money of £5 million.[46] In 1970, Gilliat stepped down as chairman of Shepperton Studios to focus on filmmaking.[47] His last film for the company would be Endless Night (1972) with Hayley Mills. For the year ended March 1971, the company made a profit of £137,273.[44]
In November 1971, British Lion, then valued £2.7 million, attempted a take over of the Star Cinema chain, valued £9.2 million.[44] The bid was unsuccessful.[48]
In March 1972, the company reported a loss of £1 million.[45]
Barclay securities
In April 1972, Barclay Securities, headed by John Bentley, bid £5.4 million for British Lion, and the board – by that stage consisting of Lord Goodman, Sir Max Rayne, John and Roy Boulting and Sidney Gilliat – accepted. British Lion owned a considerable property portfolio including Shepperton.[49][50] £2 million was for the film library, £1.8 million for the land of the studios, and the rest for Pearl and Dean.
Bentley was known at the time for buying businesses, shutting them down and selling off the real estate.[51] By this stage, Shepperton was losing money and Barclay wanted to sell off part of the land for real estate development. (The land was worth an estimated £3,500,000.)[52][53] The unions protested this, threatening to black ban the Boulting Brothers who were then making the film Soft Beds, Hard Battles.[54][55]
In September 1972, Barclays sold its own business, Mills and Allen, to British Lion.[57]
In November 1972, it was reported British Lion made a loss the previous year of £941,000 including a tax write off of £804,000 for unsuccessful films.[58]
Spikings and Deeley
Barry Spikings and Michael Deeley were entrepreneurs with experience in filmmaking. They had a company with actor Stanley Baker Greater Western Investments (GWI) and wanted to sell their main asset, a building, but wanted to avoid the high tax rate that came with real estate development. They decided to swap their shares in the company for shares in Lion International, the company that owned British Lion Films, Shepperton Studios, Pearl & Dean cinema advertisers, and Mills and Allen outdoor advertising. This would enable Lion to sell the building for cash, offsetting the profit against existing losses incurred by some of its subsidiaries.[59]
Deeley said there was opposition to GWI becoming involved in British Lion, especially from John Boulting, but eventually in January 1973 Deeley was appointed managing director of British Lion Films, and on the board of the company.[60] When he took over, two films had been greenlighted by Peter Snell and were in post production, Don't Look Now and The Wicker Man. Don't Look Now was sold to Paramount but The Wicker Man had a more difficult post production process, resulting it being re-edited; its commercial reception was poor but eventually it was considered a cult movie.[61]
British Lion made two films, The Internecine Project and Who?, both using the method of raising half the budget from American distributors, half through German tax shelter deals. The company then made Conduct Unbecoming and Ransom.
In June 1975, British Lion was bought outright by Deeley and Spikings, by selling their interest in Lion International for British Lion Films.[62] They went on to make The Man Who Fell to Earth, Nickelodeon and At the Earth's Core.[63] However Deeley and Spikings wanted to put the company on a more stable financial setting and sought interest from EMI Films.
EMI
In May 1976, EMI Films paid £739,000 in cash and shares for the company.[64] In May 1977, British Lion officially ceased to trade. Deeley and Spikings were appointed to the board of EMI.[65]
Selected films produced or distributed by British Lion
^"The THEATRE & its PEOPLE". Table Talk. No. 3118. Victoria, Australia. 9 February 1928. p. 20. Retrieved 5 May 2019 – via National Library of Australia.
^"Film Gossip from London". The Telegraph. Queensland, Australia. 14 May 1940. p. 20 (SECOND EDITION). Retrieved 5 May 2019 – via National Library of Australia.
^"Film Bid By Aged". The Sun. No. 11, 258. New South Wales, Australia. 21 February 1946. p. 13. Retrieved 5 May 2019 – via National Library of Australia.
^ abcBritish Lion-A Solution Davenport, Nicholas. The Spectator; London Vol. 212, Iss. 7073, (17 January 1964): 85.
^"Big loss on films". The Telegraph. Queensland, Australia. 2 June 1954. p. 9 (LAST RACE). Retrieved 7 May 2019 – via National Library of Australia.
^BRITISH LION IS PUT INTO RECEIVERSHIP New York 2 June 1954: 38.
^The Robert Clark account: Films released in Britain by Associated British Pictures, British Lion, MGM, and Warner Bros., 1946–1957 Porter, Vincent. Historical Journal of Film, Radio, and Television; Dorchester-on-Thames Vol. 20, Iss. 4, (October 2000): 469–511.
^Sir Alexander Korda
GILLIAT, SIDNEY; Greene, Graham; Richardson, Ralph. Sight and Sound; London Vol. 25, Iss. 4, (Spring 1956): 214.
^FILM ACTIVITIES ALONG THE THAMES By STEPHEN WATTS. The New York Times, 19 February 1956: X5.
^ abBritain Buys Film Distributor; Independent Producers Protest
By JAMES FERON Special to The New York Times. The New York Times, 21 December 1963: 14.
^The Years of the Lion-I John; BOULTING, ROY. The Spectator; London Vol. 212, Iss. 7071, (3 January 1964): 5.
^ abCarving up the Lion: FILMS Gilliatt, Penelope. The Observer 29 Dec 1963: 20.
^CURRENT ACTION ON BRITISH SCREEN FRONTS: British Lion's New Blood. The New York Times, 23 March 1958: X5.
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