Penn Newsreel Theatre
219 W. 34th Street,
New York,
NY
10123
219 W. 34th Street,
New York,
NY
10123
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Opened September 7, 1938 to a press screening featuring Paramount and Hearst with shorter clips from Pathé, Universal, and Fox. Cardinal Hayes' death led the news. The Penn Newsreel opened to the public a day later on September 8, 1939 at 15 cents before 1p and 25 cents thereafter. The $150,000 Penn Newsreel began a ten-year lease with a projected nut to break even at around $2,500 to $2,800. That proved to be challenging.
Picketing in late October likely hurt box office prospects. Given that the Penn changed policies abruptly in January of 1939 to a repertory cinema house, it would not be unusual that payments to the newsreel providers weren’t timely or to the distributor’s goals.
Just two weeks later, the theatre was shuttered that same January just after four-plus months of operation. More payment issues seem to appear as mechanics' liens against the theatre operators appear in court records beginning in late December and continue on January 26, 1939 and also in February of 1939 prior to the entire operation being demo’d.
A Boxoffice Magazine item of June 24, 1939, contains the terse line “The Penn Newsreel on 34th St. has been demolished.” I wonder if the building itself was knocked down, or if it was merely gutted and converted to some other use? It sounds from the description in the Times that the part of the theater on 35th Street at least had been newly built. It seems unlikely that a new building would have been destroyed unless the site was wanted by a developer for a much larger building.
This site has a few other trainâ€"station newsreel and short-subject theatres listed:
Grand Central Theatre, New York
South Station Theatre, Boston
Newsreel Theatre, Cincinnati
Victoria Station News Theatre, London
Cineac Montparnasse, Paris
Cineac Saint Lazare, Paris