Context: Universal's forays into high-quality production spelled the end of the Laemmle era at the studio. Taking on the task of modernizing and upgrading a film conglomerate in the depths of the depression was risky, and for a time Universal slipped into receivership. The theater chain was scrapped, but Carl, Jr. held fast to distribution, studio and production operations.

Question: What part of Universal's business was terminated while it was in bankruptcy?
Answer: The theater chain

Question: Along with distribution and studio operations, what part of Universal was retained by Carl Laemmle, Jr. during bankruptcy?
Answer: production operations

Question: What type of chain conglomerate was scrapped?
Answer: Unanswerable

Question: What did Carl Jr hold fast in addition to the theater chain?
Answer: Unanswerable

Question: What period did Universal move into high-quality production in?
Answer: Unanswerable