Steve Broidy was determined to return the company to profitability: "We are going to make potentially good-grossing pictures. Anyone who thinks blockbusters alone will carry the industry is crazy.” Broidy was as good as his word, reverting to the topical "exploitation special" entertainments favored by Monogram in the mid-1940s.
Roger Corman, who had sold his first script to Allied Artists (
Highway Dragnet), made several films at Allied as a producer and director. The double bill of
Not of This Earth (1957) and
Attack of the Crab Monsters (1957) made almost $1 million. Corman went on to produce and direct
Teenage Doll,
War of the Satellites, and
The Wasp Woman. He also had some money in films like
Crime and Punishment U.S.A.,
The Cry Baby Killer, and
Hot Car Girl. The latter film was one of a series of teenage exploitation features like
Crime in the Streets,
Dino,
Hot Rod Rumble,
Joy Ride,
Speed Crazy, and
The Rebel Set. Allied also had a huge success with the science-fiction film
Attack of the 50 Foot Woman. Allied's films of 1958 included
Oregon Passage,
Never Love a Stranger,
Bullwhip, ''Man from God's Country
, Macabre
, Queen of the Universe
, War of the Satellites
, Dateline Tokyo
, The Pagans
, Invasion of the Gorgons
, The Bride and the Beast
, Teenage Mother
, Hong Kong Incident
and the final Bowery Boys feature, In the Money'' (filmed in September 1957 and released in January 1958). The studio announced that the Bowery Boys series would continue for another year, but decided to abandon new productions for theaters, and instead syndicated the entire series to television. In January 1959 Allied announced it would make 36 films, six of which would cost $1 million or more, starting with
The Big Circus. Allied made its studio space and facilities available to independent producers. Billy Wilder's
Some Like It Hot, handled by United Artists and produced by Walter Mirisch, was filmed using many of Allied Artists' resident technicians. The studio had renewed success with the release of
Al Capone (filmed on the still-standing
Some Like It Hot sets) in 1959. This led to Allied making more crime-related subjects like
Pay or Die (1960), dramatizing policeman
Joseph Petrosino's pioneering crusade against organized crime;
The Purple Gang (1960);
The George Raft Story (1961); and
Convicts 4 (1962). There were also war-related biopics such as
Operation Eichmann (1961), capitalizing on the recent capture of Nazi war criminal
Adolf Eichmann; and
Hell to Eternity. There were cutbacks in overall production – the studio had released 35 films in 1958, but this dropped to 12 in 1960, mainly because the studio stopped making westerns. The success of
Al Capone helped turn the company around and it made a profit of $1,240,000 for the year ended July 1960 and $530,000 for the following year. Other hits included
Hell to Eternity and
I Passed for White. In the early 1960s Allied invested in a series of bigger-budgeted films once more, including
El Cid (1961), and
Billy Budd (1962). Releases in 1963 included
Soldier in the Rain,
Shock Corridor,
Cry of Battle,
The Gun Hawk,
Horrors of the Black Zoo,
Gunfight at Comanche Creek and
War is Hell, plus the studio's big epic,
55 Days at Peking. Chairman of the board Ray Johnston, who had established the company in 1931, sold virtually all of his stock in Allied Artists, retaining only a single share. Allied recorded a loss of $1.5 million for the 1962 financial year, losing $2.7 million the following year. In January 1964 Allied announced it had 11 films awaiting release including
The Thin Red Line,
Never Put It in Writing,
The Naked Kiss,
The Strangler and
A Yank in Vietnam. Toward the end of the year the company was filming
Young Dillinger,
Taffy and the Jungle Hunter,
White Savage, and
Mara of the Wilderness. The studio's most successful film from this period was
Tickle Me (1965),
Elvis Presley's only picture for an independent studio. That year the company recorded a loss of $1,490,116. Studio chief Steve Broidy left Allied Artists in 1965 to form his own company, Motion Pictures International. ==Post-Broidy==