The gamecock. (Columbia, S.C.) 1908-2006, February 13, 1984, Page 13, Image 13
Zoetrope's Studios sold
LOS ANGELES (AP) ? After more when Singer and th
than a half-dozen postponements, the filed a petition aski
venerable Hollywood General Studios, court to force Holl>
production arm of Francis Ford Cop- involuntary bankru
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Studios has been sold at auction for he was "surprised
$12.3 million. thought it would g
Canadian financier Jack Singer's and $20 million."
bid was the only one higher than the The 8.33-acre sti
opening bid of $12.2 million by was home for silen
Zoetrope's chief creditor, Security Pickford, King V
Pacific National Bank, in the U.S. Lloyd and later su<
Bankruptcy Court auction. as "I Love Lucy"
Hillbillies."
Coppola had tried to sell the studio Singer claims Z<
and Security Pacific agreed to almost $15 million.
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a half-dozen times after Zoetrope fail- said Zoetrope s
ed to make about $7 million in Feldman.
payments on an $8.16 million loan. Singer, head of
This past July the bank was only ment Corp., a Ca
minutes away from a foreclosure sale firm, became invol
Winterguard Continued from page 12
to death. Then after Chase told us to relax and have fun with
it, I did my best," Donna Mayock said.
"I could tell they were so hyped that nervousness was setting
in. I told them to have a good time ? nothing else. It
worked; we won," Mullins said.
Concerning the competitions one member said, "It's obvious
that we exude energy while other guards just exude class.
We live for crowd response. It's funnerthat way, for both the
audience and us. A lot of people don't understand colorguard;
its really something you have to experience. But I think the
more people see it, the more they'll come to understand it."
THE GUARD practices about six to eight hours a week in
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iree other creditors in 1981 after other investors dropped
ing the bankruptcy out of Coppola's $26 million film
'wood General into "One From the Heart." He loaned
ptcy. Zoetrope $3 million with the studio as
iction, Singer said collateral.
at the bidding. I The film drew only $1 million at the
o for between $18 box office, and Zoetrope put the
studio up for sale, asking for minimum
idio, built in 1919, bids of $20 million, while Feldman
t filmmakers Mary said Friday that Zoetrope still owes the
idor and Harold bank about $1.5 million.
television ?hnwc A fp|<?nVir?np rail c?ftr?r cq1? fr>
and "The Beverly Coppola ? who won Academy
Awards for two "Godfather" movies
oetrope owes him and "Patton" ? was not returned.
But other creditors
ly before he does, Singer said he plans to build a new
pokesman Bruce studio on the site for $40 million to $50
million, and noted that the nearby
Darion Develop- former Goldwyn Studios, which is
lifornia real estate about the same size, sold for $30
ved with Zoetrope million three years ago.
order to perfect the show for competitions. Upcoming con_1
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icms uiciuuc ivianeua, vja., vuia ivica, ua., rensacoia, ria.,
Cleveland, Tenn., and Winter Guard International finals in
Dayton, Ohio, the first week of April.
"The comradery in our guard is great. I feel I have 17 close
friends that I can call on anytime," Donna Maycock said.
"It's great. I wish more people could experience 308."
When asked where the name "308" originated, Mullins
said, "When we first started three years ago, we decided we
wanted a unique name; then we thought: why not after the
place where we spent most of our practice time ? Gym 308?"
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