In late 1955, Matty Fox acquired TV rights to the RKO film library on behalf of C & C Television Corporation, a division of Cantrell and Cochrane (C & C Soda). C & C owned the short subjects outright, but didn't own theatrical rights to the features in the U.S. and Canada. C & C could not broadcast the films in markets where General Teleradio, the owners of RKO, owned stations.
C & C Television removed all traces of RKO from the films and introduced the name Movie Time USA. The films were provided free of charge or for a nominal fee in return for free advertising time. In other words, the point was to sell soda.
C & C was reformed in June 1958 as Television Industries, Inc. In May 1966, the company changed names again to Trans-Beacon Corporation. The company went bankrupt in 1971. The library of RKO films was auctioned off to United Artists.
Common Stock, issued in the 1960’s
Printed by Corpex-Wolberg, New York
8” (h) x 12” (w)
This certificate has vertical fold lines, punch hole cancels in the signature areas and body and some toning from age.