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DS, three pages, 8.5 x 11, August 23, 1956. Agreement between Karl Malden and Columbia Pictures Corporation in which Malden sells and assigns to Columbia all of his present and future rights to receive 'net proceeds' derived from “On the Waterfront,” in exchange for $20,000 payable in installments. Signed at the conclusion in fountain pen by Malden, with approval by a William Morris Agency representative and countersignature on behalf of Columbia Pictures. In fine condition, with creasing to the upper left corner.
Executed two years after On the Waterfront became one of the defining films of American cinema, this agreement documents Karl Malden's decision to exchange his future profit participation in the Academy Award-winning classic for a guaranteed lump-sum payment. Malden earned an Academy Award nomination for Best Supporting Actor for his acclaimed performance as Father Barry, making this an especially desirable financial document tied to one of the most celebrated films of the 1950s.
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