As news breaks that MGM has risen out of bankruptcy, this writer would like to take a moment and remember when this studio first entered the news, with its formation being the result of a corporate merger on Wall Street over eighty years ago. Following this merge, Metro-Goldwyn-Mayer would be the dominant motion picture studio in Hollywood, from the end of the silent film era through World War II.
The man behind the merger was Marcus Loew, the owner of a large theater chain known as Loew’s Theatres. Wanting to provide a steady supply of films for his theaters, he had purchased both Metro Pictures Corporation and Goldwyn Pictures. However, both of these companies lacked leadership, and Loew was unable to spare his longtime assistant, Nicholas Schenck, as he was needed in New York City to oversee the theater chain. The answer came to Loew when his visited the...
The man behind the merger was Marcus Loew, the owner of a large theater chain known as Loew’s Theatres. Wanting to provide a steady supply of films for his theaters, he had purchased both Metro Pictures Corporation and Goldwyn Pictures. However, both of these companies lacked leadership, and Loew was unable to spare his longtime assistant, Nicholas Schenck, as he was needed in New York City to oversee the theater chain. The answer came to Loew when his visited the...
- 12/21/2010
- by Kristen Coates
- The Film Stage
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