Pinewood Studios continued to be based at the studios since then. J. Arthur Rank (by now Lord Rank) retired as chairman in 1962 and was succeeded by John Davis, who had begun to move the Rank Organisation away from mass film production and towards more profitable and less risky businesses like bingo and holidays. The 1970s were an uncertain period for Pinewood and the film industry in general, with the studios being used more for television programmes, including ITC Entertainment's "UFO" (1970), "The Persuaders!" (1971), starring Tony Curtis and Roger Moore, and "" (1975–77). Throughout the lean years of the 1970s the
Reduction in rank addition, it also punished those who committed serious crimes while serving. In the second case, a demotion in rank was usually not the only punishment administered, and often accompanied an imprisonment or execution. During the second world war, those demoted in rank were not imprisoned away from the front lines but instead made to serve in the penal divisions. After the second world war, the punishment no longer meant execution or service in a penal unit, but did mean dismissal from service and forfeiture of all military awards. Most often it was imposed for serious crimes which entail criminal liability.