841.4061 Motion Pictures/187: Telegram
The Ambassador in the United Kingdom (Kennedy) to the Secretary of State
[Received October 9—8:40 a.m.]
1975. I had a talk with Stanley this morning. He is talking with film people this afternoon and probably will not give them yet the exact proposition affecting American films and American withdrawals. He may ask them to produce a plan based on very small percentages of money to be permitted to be withdrawn from this country.
He told me however in strictest confidence that the ultimate plan will probably be to permit the Americans to withdraw 50% of their collections on films already in this country and about $5,000,000 a year on the new films to be brought in. As I see it this is very close to destruction for the American film industry and I should think a catastrophe for the theaters in England.
These figures must not yet get out at least for the present.