RKO Radio

RKO Radio Pictures Inc., commonly known as RKO Pictures or simply RKO, was an American film production and distribution company, one of the "Big Five" film studios of Hollywood's Golden Age. The business was formed after the Keith-Albee-Orpheum theater chain and Joseph P. Kennedy's Film Booking Offices of America studio were brought together under the control of the Radio Corporation of America (RCA) in October 1928. RCA executive David Sarnoff engineered the merger to create a market for the company's sound-on-film technology, RCA Photophone, and in early 1929 production began under the RKO name (an initialism of Radio-Keith-Orpheum). Two years later, another Kennedy concern, the Pathé studio, was folded into the operation. By the mid-1940s, RKO was controlled by investor Floyd Odlum.
RKO has long been renowned for its cycle of musicals starring Fred Astaire and Ginger Rogers in the mid- to late 1930s. Actors Katharine Hepburn and, later, Robert Mitchum had their first major successes at the studio. Cary Grant was a mainstay for years, with credits including touchstones of the screwball comedy genre with which RKO was identified. The work of producer Val Lewton's low-budget horror unit and RKO's many ventures into the field now known as film noir have been acclaimed, largely after the fact, by film critics and historians. The studio produced two of the most famous films in motion picture history: King Kong and producer/director/star Orson Welles's Citizen Kane. RKO was also responsible for notable coproductions such as It's a Wonderful Life and Notorious, and it distributed many celebrated films by animation pioneer Walt Disney and leading independent producer Samuel Goldwyn. Though it often could not compete financially for top star and director contracts, RKO's below-the-line personnel were among the finest, including composer Max Steiner, cinematographer Nicholas Musuraca, and designer Van Nest Polglase.
Maverick industrialist Howard Hughes took over RKO in 1948. After years of disarray and decline under his control, the studio was acquired by the General Tire and Rubber Company in 1955. It soon broke new business ground as the first major studio to sell the bulk of its film library's TV rights. The original RKO Pictures ceased production in 1957 and was effectively dissolved two years later. In 1978, broadcaster RKO General, the corporate heir, launched a production subsidiary, RKO Pictures Inc., which revived the theatrical brand with its first releases three years later. In 1989, this business, with its remaining assets, including the studio trademarks and the remake rights to many classic RKO films, was sold to new owners, who established the small independent company RKO Pictures LLC. The original studio's film library is now largely controlled by Warner Bros. Discovery.
==Origin==
In October 1927, Warner Bros. released The Jazz Singer, the first feature-length talking picture. Its success prompted Hollywood to convert from silent to sound film production en masse. The Radio Corporation of America (RCA) controlled an advanced optical sound-on-film system, Photophone, recently developed by General Electric, RCA's parent company. Its path to joining the anticipated boom in sound movies had a major hurdle: Warner Bros. and Fox, Hollywood's other vanguard sound studio, were already financially and technologically aligned with ERPI, a subsidiary of AT&T's Western Electric division. The industry's two largest companies, Paramount and Loew's/MGM, along with First National Pictures—third of the silent era "Big Three" major studios, but by then in marked decline—and Universal Pictures, were poised to contract with ERPI and its Vitaphone and Movietone systems for sound conversion as well.
David Sarnoff (1929), by Samuel Johnson Woolf, National Portrait Gallery
Seeking a customer for Photophone, then general manager of RCA David Sarnoff approached financier Joseph P. Kennedy in late 1927 about using the system for his Film Booking Offices of America (FBO). A Kennedy-led investment group had acquired the modest-sized, low-budget-focused studio the previous year, and he had turned it into a steady profit maker. Negotiations resulted in RCA acquiring a substantial interest in FBO; Sarnoff had apparently already conceived of a plan for the studio to attain a central position in the film industry, maximizing Photophone revenue. Next was securing a string of exhibition venues like those the leading Hollywood production companies owned. Kennedy began investigating the possibility of such a purchase.
At that same time, the allied Keith-Albee and Orpheum theater circuits, built around the then fading medium of live vaudeville, were pursuing a transition into the movie business. In 1926 the exhibitors had acquired a 50 percent stake in the holding company of Producers Distributing Corporation (PDC), a smaller studio than FBO but more prestigious. Famed director Cecil B. De Mille—PDC studio chief and owner of its Culver City production facility—had been draining the company's resources for his well-appointed productions, and it had been finding little success in getting its films into first-run theaters, which were largely tied up by the majors. In early 1927, despite months of DeMille's strenuous objections, an agreement was reached to merge PDC into Pathé, a lower-level studio known for its newsreel and churn out of cheap shorts. Investment banker Elisha Walker, whose Blair & Co. firm owned the controlling interest in Pathé, brought on Keith-Albee general manager John J. Murdock as studio president. In January 1928, a less tense merger, engineered by Murdock, was finalized, establishing the Keith-Albee-Orpheum (KAO) theater chain. With Pathé's finances in a ditch, Murdock, at Walker's prodding, turned to Kennedy for help in reorganizing the studio and consolidating it with PDC. The two men found that they had mutual interests, in particular, removing Edward Albee, the "Czar of Vaudeville" and Murdock's nominal boss, from the picture. Sarnoff's vision of a new big-league studio was coming into focus—and both Kennedy and Walker had similar notions.
Radio-Keith-Orpheum logo, 1929
Assisted by Murdock and with Blair & Co.'s backing, Kennedy quickly maneuvered to interlock KAO and FBO, selling the exhibitor a substantial stake in his studio while buying up copious amounts of KAO stock. Within months, he had installed himself as chairman of the theater chain's new board of directors. When Albee, still KAO president, visited his office, Kennedy reportedly asked, "Didn't you know, Ed? You're washed up. You're through." DeMille departed with a large payout in April and later in the year signed a three-picture deal with MGM. Sarnoff and Kennedy began talks about setting up a holding company funded by RCA cash and KAO securities, but plans stalled as Sarnoff grew frustrated with Kennedy's reluctance to pay for the Photophone work proceeding, if slowly, at FBO and Pathé. An attempt by Kennedy to reorganize yet another studio that had turned to him for help, now ERPI-aligned First National, further strained his relationship with Sarnoff and raised the threat that Photophone would be locked out of the industry entirely. Though Kennedy's deal with First National collapsed within weeks, the RCA executive saw that it was time to make his move.
In September, while Kennedy was traveling in Europe, Sarnoff began negotiations with Walker, whose firm was now heavily invested in KAO, to merge the exhibition circuit with Film Booking Offices under RCA control. Soon after Kennedy's return at the end of the month, he closed the deal, arranging to sell off his FBO and KAO shares, options, and convertibles at enormous profit. On October 23, 1928, RCA announced the creation of the Radio-Keith-Orpheum Corp. holding company, with Sarnoff as board chairman. The new administration made clear that Kennedy's services were no longer needed and he stepped down from his board and executive positions in the merged businesses, leaving him with co-ownership and management of Pathé and the PDC assets that it had absorbed. RCA owned the governing stock interest in RKO, 22 percent (in the early 1930s, its stake rose as high as 60 percent). On January 25, 1929, the new company's production arm, presided over by former FBO vice-president Joseph I. Schnitzer, was unveiled as RKO Productions Inc. A week later, it filed for the trademark "Radio Pictures".
Category:First Appearance in 1929
Category:End in 1959
Category:Production Companies
Category:Logos