Magazine content is available exclusively for TIME subscribers.Radio: The Busy Air, Jun. 4, 1956
The networks are becoming the new money-heavy angels of the Broadway stage. CBS, sole backer of the smash-hit musical My Fair Lady, expects to net an additional $5,000,000 from the recorded music of the show, now on the market under the Columbia label. NBC, which has done well from its investment in Call Me Madam, Me and Juliet, Fanny and the current Alfred Lunt-Lynn Fontanne hit, The Great Sebastians, will put up the money for a new musical, Jack and the Beanstalk, written by Helen Deutsch and Jerry Livingston. NBC also promised one novelty: before the new musical reaches Broadway this...
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