Y. FRANK FREEMAN - TYPED LETTER SIGNED 03/23/1959 - HFSID 205091

Y. FRANK FREEMAN
Freeman signed this typed letter to Paramount Pictures Corporation in 1959. It carried his intention to take over Paramount's lease on a house in Beverly Hills, California, which was to expire in 1960.
Typed letter signed "Y Frank Freeman". 1 page, 8½x10¾. March 23, 1959. Addressed to Paramount Pictures Corporation, Hollywood, California. Thisletter regarded a lease that Paramount Pictures had on a Beverly Hills house ownedby Beverly Hills Hotel Corporation. The lease was for $600 a month and was to end on July 31, 1960. Freeman stated in this letter that he negotiated a five-year extension, at a higher rent, on this lease and that he would pay the monthly increase on the rent until July 31, 1960, when he would relieve Paramount Picturesofthe lease and take it over himself. Freeman (1890-1969, born Young Frank Freeman) was an executive for Paramount Pictures who headed the studio in the late 1950s. He helped push a transformation in the studio system, which moved away from salaried and strictly controlled producers to the use of outside production units. These production companies were staffed by actors, directors and producers whom the studios enticed with promises of independence and profit sharing. Freeman was also the first winner of the Academy of Motion Picture Arts' Jean Hersholt Humanitarian Award in 1956. Lightly toned and creased. Lower right corner is dented. Top edge is lightly nicked. Folded twice and unfolded. Otherwise in fine condition.