Monday, Jun. 08, 1931
Shubert Sale
Nobody knows how far the long arm of he Brothers Shubert reaches in show business. They have affiliations throughout the country, from New York where hey put on more shows than any other producer, through St. Louis where Nephew Milton Shubert is production manager of he Municipal Theatre, to Hollywood where they have potent friends; also eastward into Europe. Last week Brothers Lee & Jake sold out their interest in London's Associated Theatre Properties Inc. (operators of five important West End playhouses: the Apollo, Adelphi, Shaftesbury, Gaiety, His Majesty's) for a reputed price of $2,000,000--$1,000,000 in cash. Control of London's biggest theatre bloc is now in the hands of Sir Harold Augustus Wernher, son of a South African diamond tycoon. Already the owner of the new Cambridge Theatre, Sir Harold plans to acquire two more London playhouses. All these purchases, however, are real state ventures. He will not produce.
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