Cadence Industries

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This article is about the defunct conglomerate, not the later Cadence Industries, a telecommunication-product distributor.
Cadence Industries Corporation
Public
Industry Medical
Publishing
Fate liquidated
Predecessor United Whelan Corporation
Hudson National
Perfect Photos
Equality Plastics Inc.
Founded 1962
Founder Martin S. Ackerman
Defunct 1986[1]
Headquarters Caldwell, N.J[2]
Products drugs
health aids
vitamins
magazines
comic books
Services film processor
mail order
Divisions Marvel Comics Group
Subsidiaries see list

Cadence Industries Corporation (formerly Perfect Film & Chemical Corporation) was an American conglomerate owned by Martin "Marty" S. Ackerman. From 1968 through 1986, Perfect and Cadence were the parent company of the publisher of Marvel Comics.

History[edit]

Perfect Film[edit]

Perfect Film & Chemical stock certificate logo

Perfect Film & Chemical Corporation (Perfect Film) was formed in 1962 by Martin "Marty" S. Ackerman[3] from parts of his first four acquisitions: United Whelan Corporation, Hudson National, Perfect Photos, and Equality Plastics Inc. Hudson was a mail-order pharmaceuticals firm,[4] and Equality Plastics, a consumer-products distributor.[5] Perfect Film sold off Whelan drugstores and the Pathe Films Lab.[3]

In early 1968, Perfect Film purchased Popular Library, a paperback book company.[5] In 1968, Perfect Film loaned $5 million to Curtis Publishing Company, publisher of the Saturday Evening Post, at the request of Curtis' primary loan holder, First National Bank of Boston.[5] In June and July 1968, Perfect Film sold US$40 million worth of securities, more than double the company's long-term debt. That fall, it bought out publisher Martin Goodman — owner of Magazine Management Company, the parent of Marvel Comics and other ventures — and made Magazine Management the direct subsidiary. It placed its other corporations as subsidiaries of that.[4] Perfect Film purchased Desilu Studios in 1968.[6]

In March 1969, Perfect Film and Commonwealth United Corporation had tentatively agreed to a merger of Commonwealth and Plume and Atwood.[7] Despite attempts to revive the Saturday Evening Post 's circulation, and with the lack of a purchaser, Curtis Publishing shut the magazine down in 1969. Perfect Film purchased Curtis Circulation Company that same year from Curtis Publishing.[3] Also in 1969, OSF Industries purchased Desilu Studios from the corporation.[6] Ackerman left Perfect Film In 1969.[8]

Perfect Film sold Popular Library in 1970 to Fawcett Publications[9] In July 1970, Perfect Film agreed to sell its 50.5% ownership in Plume Atwood Industries to Cinerama.[10]

Cadence Industries[edit]

Under president and CEO Sheldon Feinberg,[11] the Company renamed itself Cadence Industries in 1973.[4]

In 1981, Cadence's Hudson Pharmaceutical Corporation hired Venet Advertising to advertise the company's Hudson Vitamins unit, makers of Spider-Man chewable vitamins.[12]

Liquidation[edit]

When Cadence Industries was liquidated in 1986, it sold Marvel Entertainment Group to New World Pictures[1] and Curtis Circulation was sold to Joseph M. Walsh and Hachette Distribution Services.[13]

Units[edit]

References[edit]

  1. ^ a b Hicks, Jonathan (November 8, 1988). "The Media Business; Marvel Comic Book Unit Being Sold for $82. 5 Million". The New York Times. Retrieved 5 May 2011. 
  2. ^ "Weddings; Lori A. Feinberg, Steven C. Kany". The New York Times. September 24, 1995. Retrieved 22 August 2011. 
  3. ^ a b c d Welles, Chris (February 10, 1969). "Post-Mortem". New York. pp. 32–36. Retrieved 5 August 2011. 
  4. ^ a b c d Nadel, Nick (August 31, 2009). "The Strange Business History of Marvel Comics". Comics Alliance. Retrieved 4 May 2011. 
  5. ^ a b c d "Magazines: New Man for Curtis". Time. May 3, 1968. Archived from the original on May 24, 2011. Retrieved 6 August 2011. 
  6. ^ a b "City History & Info". City of Culver City. Retrieved 23 September 2011. 
  7. ^ a b "Merger Near for Perfect". Tri City Herald. March 20, 1969. p. 21. Retrieved 23 September 2011. 
  8. ^ Lambert, Bruce (August 4, 1993). "Martin Ackerman, 61, Publisher; Closed The Saturday Evening Post". The New York Times. Retrieved 08/10/2011.  Check date values in: |accessdate= (help)
  9. ^ "Copyrights of Golden-Age Comics". Golden-Age Comic book Superheroes & Villains Encyclopedia. Retrieved 20 September 2011. 
  10. ^ "Cinerama to Buy Plume & Atwood; Will Acquire 50.5% Interest Held by Perfect Film". The New York Times. July 1970. Retrieved 23 September 2011. 
  11. ^ Ro, Ronin (2004). Tales to Astonish: Jack Kirby, Stan Lee and the American Comic Book Revolution. Bloomsbury USA. p. 179. ISBN 978-1-58234-345-7. 
  12. ^ a b Dougherty, Philip H. (November 9, 1981). "ADVERTISING; Hudson Vitamins Assigned to Venet". The New York Times. Retrieved 23 September 2011. 
  13. ^ a b c d "Joseph Walsh: Executive Profile & Biography". Business Week. August 23, 2011. Retrieved 23 August 2011. 
  14. ^ Mangel, Andy (May 1991). "Reel Marvel". In Jim Salicrup. Marvel Age Issue 100. Marvel Comics. Retrieved 25 October 2011.