Tag Archives: Titanic

Titanic

Premier Exhibitions Stock Downgraded To Sell By TheStreet

graph downAnalysts at TheStreet has downgraded its rating from hold to sell. According to the analysis, the reasons for the downgrade are:

  • The company has significantly underperformed in net income in the same quarter a year ago. Net income decreased by 102.3% compared to same quarter a year ago.
  • Operating cash flow has decreased.
  • Stock performance is bad. It tumbled 33.49% and company’s earnings per share are down.
  • Return on equity has only slightly improved from same quarter last year. While that is good, its return on equity trails that of others in the same industry.
  • Gross profit margin is still high at 51.21% but still shows a decrease from last year at the same period.

The stock(PRXI) closed down today (14 Oct 2013) at $1.36.

Source: Premiere Exbitions Inc Stock Downgraded (13 Oct 2013, TheStreet)

Titanic

Sunday Titanic Newswrap

1. The Belfast Telegraph reports that the former headquarters of Harland & Wolff has secured funding from Heritage Lottery Fund. The former drawing offices will made open for public use while the majority of the structure will become a Titanic-themed hotel. According to Telegraph: “In the old Harland and Wolff building the most historically important rooms such as the drawing offices, board room, telephony room and entrance lobby will be developed as spaces for public use, telling the story of Belfast’s industrial heritage. Nicky Dunn, chairwoman of Titanic Foundation Limited, which is behind the project, welcomed the investment in what she described as a national icon.”
Source: Titanic Offices To Be Re-Opened(11 Oct 2013,Belfast Telegraph)

2. CBC News reports that Fairview Lawn Cemetery in Halifax, Nova Scotia is going to refurbish the monuments and headstones and pathway of the historic cemetery where many Titanic victims were laid to rest. Work is scheduled to begin in Spring 2014.
Source: Titanic Graves To Get Needed Facelift In Halifax Cemetery(11 Oct 2013,CBC News)

3. Possible Titanic Lifeboat? Turley McShane recently acquired an old lifeboat that had been resting in a hedgerow for years and thinks it might be from Titanic. “When he travelled across the Irish Sea to have a look at it, he found the boat had been languishing in a hedgerow. It had been bought in Liverpool where effects off all the White Star Line ships were disposed of” reports Belfast Telegraph. [Editors note-If I recall correctly, the lifeboats were all repainted with new names so and no one knows the final disposition of them. It will be easier to prove it was a White Star lifeboat but harder to prove it was aboard Titanic.]
Source: White Star Lifeboat Rescued From Hedge(11 Oct 2013,Belfast Telegraph)


Titanic

Premiere Exhibitions:It’s Official-Deal To Sell Artifacts Terminated

For Sale by Owner Sign
Wikipedia

In its most recent financial report, Premiere Exhibitions announced the following:

While both parties have worked diligently to finalize a transaction to transfer the Titanic assets, the Company terminated the non-binding LOI with the Hampton Roads consortium effective today. Mr. Weiser stated, “We always believed that Hampton Roads was an ideal location for the permanent home of the collection and the proposed transaction met our criteria of price, court satisfaction and tax efficiency. However, this group has failed to secure sufficient financing so we believe the Company needs to focus on pursuing alternatives to effect a sale of these assets for the benefit of shareholders. From the Company’s perspective, we view the termination of the LOI not as the end but as a new beginning for the process; one that will get us closer towards finalizing this in a manner that fulfills our shareholders’ expectations and satisfies the requirements of the court.”

The actual names behind this consortium has never been reported but the Virginian-Pilot reports that at one time The Mariners’ Museum in Newport News had been negotiating but could not raise the money.

Premiere also announced its second-quarter revenue was done by 42% from the same period last year. Gross profit dropped by half to $4 million compared to $8.2 million a year ago. Hurricane Sandy hurt when it forced closure of Manhattan Titanic along with more money being spent elsewhere on the 100th anniversary of Titanic sinking.

Sources:
1. Deal For Titanic Artifacts Terminated(10 Oct 2013,Virginian-Pilot)
2.Premier Exhibitions Reports Second Quarter Fiscal 2014 Results(9 Oct 2013,Global Newswire-press release)

Titanic

Hartley Violin Update: Daily Mail Declares Violin Authentic

Wallace Hartley's ViolinSarah Griffiths, writing for the UK Daily Mail, examines the history of the Hartley violin and the scientific tests taken to determine its authenticity. The various tests–a CT scan, forensic testing of the metal plate, examination of the wood–along with documentary evidence leads to the conclusion the violin is authentic. Additionally corrosion tests match submersion in seawater. Although the violin was not listed in his personal effects when his body was recovered, it is believed that it was regarded as luggage rather than a personal effect.

Henry Aldridge & Son claims it invested thousands in getting the violin authenticated. And when it goes on the auction block on 19 Oct, they expect to make it all back (and quite a bit more as well). The violin will likely set a new record if it sells for the estimated £4000,000. I suspect it will sell for a lot more than that.

Source: Violin That Was Played To Calm Passengers As Titanic Sank Undergoes CT Scan To Prove Authenticity Before Going To Auction(9Oct 2013,Daily Mail)

Titanic

Friday Titanic Newswrap

1. Hartley Violin Update
Wallace Hartley's ViolinWallace Hartley’s violin will make one last public display before its date with auctioneer Henry Aldridge & Son on 19 Oct. The violin will be going to his hometown (Dewsbury, UK) and on display for one day only on Monday, October 14 in the town hall. A vintage tea room with period music will be setup as well.
Source: Wallace Hartley’s Titanic Violin To Return Home To Dewsbury(1 Oct 2013, Dewsbury Reporter)

2. Rory Golden, who has been on two dives to Titanic, will be giving two talks at the former Harland & Wolff Drawing Office about his experiences diving to Titanic. The first one is scheduled for 17 Oct and the second on 18 Oct. The second talk will include Ralph White, the cameraman who captured the first images of the ship. Full details are available at Titanic Belfast.
Source: Up Close And Personal With Titanic, By The Irishman Who Has Dived The Wreck Twice(2 Oct 2013, Belfast Telegraph)

Photo:Wikipedia
Photo:Wikipedia

3. Robert Ballard has begun an expedition to investigate major faults and underwater volcanoes in the northern and eastern Caribbean reports The Associated Press. Ballard is overseeing 31 scientists who hope the information they collect will help when natural disasters strike. Remote controlled vehicles will be used to explore the faults and underwater formations.
Source:Titanic Discoverer To Explore Caribbean Faults, Volcanoes(3 Oct 2013, WTVQ)

Titanic Miscellaneous

Titanic Jewelry Goes Live

Jewelry
Photo:publicdomainpictures.net

Titanic Pigeon Forge and Jewelry Television have teamed up to broadcast the museum’s Titanic Jewelry Collection (not to be confused with the touring exhibition of actual Titanic jewelry) from Titanic Pigeon Forge on 4 Oct 2013. This is the first time, the press release states, that Jewelry Television has actually left its studios to broadcast on location. The press release goes on to point out the collaboration between Titanic Pigeon Forge and Jewelry Television has been quite successful.

So if you want to feel like 1912, you can buy historically inspired Titanic jewelry. And with Halloween ahead, you can add a touch of reality to your Edwardian outfit. Meals not included. 🙂

Source: Titanic Jewelry Collection To Be Showcased In Jewelry Television’s First Remote Broadcast, Live From Titanic Museum Attraction In Pigeon Forge(1 Oct 2013,PRWeb.com-press release)

Titanic

Nazi Titanic Propaganda Film Turns 70

Joseph Goebbels
Photo:Bundesarchiv, Bild 146-1968-101-20A / Heinrich Hoffmann / CC-BY-SA

The Times of Israel has an interesting story on Joseph Goebbel’s famously overbudget and scandal plagued Titanic movie. Conceived as a means to convey German heroism while depicting how bad British society and capitalists were, it ended up being banned and shown only in occupied countries. The film had a budget of 4 million reichmarks (around 180 million today). They also diverted resources (men and material) for set construction and for set extras. Stories of partying, the director Herbert Selpin in constant turmoil with producers and actors, and Selpin uttering anti-Nazi comments reached Berlin. Selpin was arrested, interrogated, and was found dead in his cell (suicide but most believe he was murdered ). When Goebbel’s saw the final cut, he was not happy. When production started, Germany was master of Europe. But by late 1942 and 1943, the tide of war had changed. It now was in a two front war, being bombed by the allies, and had suffered some defeats. He banned its showing in Germany but allowed it shown in occupied countries, where it was well received. Then the war ended and the movie faded.

But not the end of the story as Wikipedia notes:
Titanic was re-discovered in 1949, but was quickly banned in most western countries. Shortly after the war, the film, dubbed in Russian, was screened across the Eastern Bloc as a “trophy film.” After the 1950s, Titanic went back into obscurity, sometimes showing on German television. In 1992, a censored, low quality VHS copy, was released in Germany. This version deleted the strongest propaganda scenes, which immensely watered down its controversial content. Finally, in 2005, Titanic was completely restored and, for the first time, the uncensored version was released in a special edition DVD by Kino Video.

Four scenes from the movie were incorporated in the 1958 A Night To Remember. Wikipedia says it was of two day scenes of Titanic on calm water, and two clips of an engine room walkway flooding. The restored version is available on Amazon although clips and trailers (and perhaps the full movie as well) are to be found on YouTube.

Sources:
1. Goebbels’ ‘Titanic’ Cinematic Disaster Turns 70 (1 Oct 2013, Times of Israel)
2. Wikipedia:Titanic (1943)
3. Internet Movie Database

Titanic

Picture of Titanic Dead on Mackay Bennett Up For Auction

(Photo Courtesy George Behe)
(Photo Courtesy George Behe)

Up till now, there were no photos of burials at sea done aboard Mackay Bennett when it recovered Titanic victims. Victims who could be identified were brought back for burial by relatives. Those that could not be identified or third class who could not afford a funeral were buried at sea. Now Henry Aldridge and Son, who seem to have a franchise on Titanic memorabilia and rare antiques, have a photo up for auction that shows a mass funeral taking place. The photo was taken by Westy Legate, fourth officer of the ship.

The photo shows body bags on the ship’s deck, two men appearing to tip a stretcher that carries a body into the sea, the ship’s priest Reverend Hind conducting a service, and members of the crew standing nearby.

Apparently another crew member’s family got possession of the photo and are now putting it up for auction. The pre-sale estimate is £5,000 ($8,000). Considering how rare this photo is, that figure seems low for a one-of-a-kind item. Then again it may sell for three times that amount at auction. Henry Aldridge is quoted in the Daily Mail saying:

“This picture blows away the myth that the burials were an orderly and dignified process. You can clearly see the bodies in brown sacks piled up on the deck, with some piled two or three high.”

What myth is he referring to here? Most of the accounts I have read (and admittedly I have not read them all) generally relay it was a mass burial. Now perhaps to console grieving relatives not all details were included (like stacking bodies on the decks) but that is hardly a myth. It is hardly surprising that they would need to stack bodies on the deck, considering the numbers involved. Since it was a burial at sea, this would be a necessity.

Source: Rare Picture Shows Priest Praying Over Titanic Victims Before They Are Buried At Sea(29 Sep 2013, Daily Mail)

Titanic

Red Bull Update: Advertising Authority Declines To Ban Controversial Ad

The Guardian is reporting that British Advertising Standards Authority has decided not to investigate the ad. “Although the ad would be distasteful to some, it was unlikely to cause serious or widespread offence or be generally seen as making light of the lives that were lost in the disaster,” said the ASA. Howard Nelson of Titanic Heritage Trust said he was deeply disappointed in the decision.

My take
The ASA got it right. It is distasteful for some but not for everyone. If someone were game, I would consider a parody Red Bull advert showing Red Bull crates floating in the water being smashed by some large, unnamed ship that looks like it might be Titanic. 🙂

Source: Red Bull Update: Advertising Authority Declines To Ban Controversial Ad(26 Sep 2013, The Guardian)

Titanic

Update On Red Bull Controversy

Red Bull cans
Photo:Arne Müseler / arne-mueseler.de

The Guardian is reporting that UK Advertising Standards Authority(ASA) has received 110 complaints regarding a recent advert for Red Bull energy drink. One complaint is from the Titanic Heritage Trust. “”Red Bull is using a tragic event to promote and sell its products without care for the people that were lost,” states Howard Nelson who founded the trust. The advert features a crate containing Red Bull being raised for loading onto a ship. Phillip Littlejohn (a descendent of Titanic survivor Alexander James Littlejohn )states he wants the ad banned.

Trying to get government to shut it down is not the way to go here. You shame them in public and get lots of people to send emails, letters, and even protest outside their offices about the ad. Getting government to shut down the ad smacks of something else, namely censorship. Free speech means just that: you can say dumb things and others have the exact same right to call you nuts for it. Red Bull did not make a patently false claim about their product. Much has been said of the use of their advertising slogan “Red Bull gives you wings” aspect. The cartoon Captain Smith scoffs at the need for wings on his ship.  Yet we all know that wings in this sense is not avian wings, but more of the effects of Red Bull on your system. Energy drinks are supposed to lift you up and get you going.

At the same time, when connected to Titanic and its well known story, it does seem to imply it might have an effect. What kind of an effect is never stated. Now if a advert for a helicopter were used to show how they could have saved more lives in 1912, that would make sense (although implausible since that technology did not exist then). It is possible some are filling in what they think the ad is saying rather than what it is not. Does it insult the memory of Titanic? Consider the many Titanic themed t-shirts out there. Some, noted in this blog, have Titanic Swim Team or “Don’t Worry! There is plenty of water for all” emblazoned on them Now those I find more offensive since they trivialize a terrible event where people died.

Red Bull’s strategy to use humor is always a risky move when it comes to historical events or people. For Red Bull it comes down to a simple answer: did it generate more or less sales? If the ad generated controversy and talk but flat sales, then expect the ad to end after its natural course and never be seen again. On the other hand, if people were amused rather than appalled, then perhaps more of these will be coming down the line. Imagine the possibilities. Julius Caesar offered Red Bull before his fateful encounter and laughing the need for wings. Or General Custer being offered a canteen of Red Bull before his infamous battle at Little Big Horn.

Source: Red Bull’s Titanic Ad Could Face Investigation After 110 Complaints(24 Sep 2013,The Guardian)