Casablanca (film) right. The Jack Benny Fan Club can feel vindicated." The film was based on Murray Burnett and Joan Alison's then-unproduced play "Everybody Comes to Rick's". The Warner Bros. story analyst who read the play, Stephen Karnot, called it (approvingly) "sophisticated hokum", and story editor Irene Diamond, who had discovered the unproduced play on a trip to New York in 1941, convinced producer Hal Wallis to buy the rights in January 1942 for $20,000, the most anyone in Hollywood had ever paid for an unproduced play. The project was renamed "Casablanca", apparently in imitation of the 1938 hit "Algiers". Although an
Casablanca Records and secured financing by Warner Bros. Records to start the venture. Casablanca became one of the most successful American labels of the 1970s, signing and releasing albums by such acts as Kiss, Donna Summer, Village People, Cher, Lipps Inc. (with lead vocalist Cynthia Johnson), and Parliament (featuring George Clinton). In 1976, the label merged with indie-film company Filmworks, Inc. headed by founder, Peter Guber to form Casablanca Record and FilmWorks, Inc., which had hits with the movies "The Deep" and "Midnight Express." In 1977, PolyGram acquired a 50% stake of Casablanca for $15 million; in 1980, it purchased the remaining