ABBOTT & COSTELLO (LOU COSTELLO) - DOCUMENT SIGNED 03/21/1949 - HFSID 276039
Sale Price $450.00
ABBOTT and COSTELLO: LOU COSTELLO
Costello signs a document, probably for a feature film, for which he would be paid 50 percent of the net proceeds and his partner, Bud Abbott, would also receive 50 percent.
Carbon Typed Document Signed: "Lou Costello" in ink under "Approved and Accepted", 1p, 8½x11. No place, 1949 March 21. Page 12 of a document relating to a project and its financial agreement. In part: "Your share of the net proceeds, if any, provided to be paid to you under the provisions of paragraph 3 hereof shall be paid to you as follows: Bud Abbott shall be paid fifty per cent (50%) thereof and Lou Costello shall be paid fifty per cent (50%) thereof. You agree that payment of your share of the net proceeds, as provided in paragraph 3 hereof, in the proportion hereinabove provided shall completely discharge our obligation with respect thereto as to both of you...." Also signed by a Vice President and by an Assistant Secretary of Universal Pictures Company, Inc. Not signed by Abbott in the space provided. This document probably refers to either Abbott and Costello Meet the Killer, Boris Karloff (1949) or Abbott and Costello in the Foreign Legion (1950), both released by Universal. In 1949, the year Costello signed this document, the comedy duo also appeared in Africa Screams, which was produced by United Artists. With partner BUD ABBOTT, LOU COSTELLO (1906-1959) formed one of the greatest comedy teams in the history of show business. They mastered the straight man/clown relationship, creating a magical chemistry that took them from vaudeville and burlesque to radio, Broadway, film and television. The Abbott & Costello Show aired on radio on ABC from 1941-1946 and on NBC from 1946-1949. Abbott and Costello were also guest hosts of NBC's hour-long live variety show, The Colgate Comedy Hour, seven times between 1951-1954. Their "Who's on First?" routine is enshrined in the National Baseball Hall of Fame.Abbott and Costello split up in 1957 after troubles with the Internal Revenue Service left both men broke. On thin paper. Lightly creased, not at signature. Rectangular shading at lower left portion touches the upper loops of the "L" in Lou and the "C" of Costello. Slightly shaded at lower blank edge, pinhead-size stain at lower portion beneath the Universal representatives' signatures. Staple holes at upper left margin, two file holes at upper margin. Overall, fine condition.
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