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Hughes retained the rights to pictures that he had personally produced, including those made at RKO. He also retained Jane Russell's contract. For Howard Hughes, this was the virtual end of his 25-year involvement in the motion-picture industry. However, his reputation as a financial wizard emerged unscathed.
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 ...
Faith Marie Domergue [citation needed] (/ d oʊ ˈ m ɛər ɡ /; [7] June 16, 1924, or 1925 – April 4, 1999) was an American film and television actress. Discovered at age 16 by media and aircraft mogul Howard Hughes, she was signed to a contract with Hughes's RKO Radio Pictures and cast as the lead in the studio's thriller Vendetta, which had a troubled four-year production before finally ...
And I felt this was virtually a clearance because my name was on the local state [of California] list and had cropped up very often. So I got the contract from RKO. [122] Cromwell's agent had negotiated an excellent film contract, but within weeks RKO was purchased by film producer and anti-Communist Howard Hughes. As Cromwell remembered, "the ...
The studio declined after Howard Hughes acquired ownership in 1948, [9] and it was sold to the General Tire and Rubber Company in 1955. [10] After several years of attempting to save the company, in January 1957, General Tire reached an agreement with Universal Pictures, where Universal would distribute the remaining RKO product, but the ...
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According to legend, O'Neil haggled with Hughes in taxicabs while driving around Central Park, on cross-country flights flown by Hughes and in Las Vegas until in 1954 the duo signed a contract in the men's room at the Beverly Hills Hotel, turning RKO Pictures over to General Teleradio for $25 million, or about $150 million at today's prices. O ...
This marks Ackman's second bid for Howard Hughes. In January, Ackman proposed a deal to buy 11.8 million shares at roughly $85 per share.. Howard Hughes' shares rose about 6% in afternoon trading ...