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The RKO Pictures Ownership: Debunking the Disney Myth

Throughout the golden age of Hollywood, RKO Pictures played a significant role in shaping the film industry. Over time, the studio was at the heart of countless iconic movies and memorable characters. However, the rumors and speculations about various companies and individuals owning or controlling RKO, including Walt Disney, have persisted. This article aims to clarify these myths, focusing on the true ownership history of RKO Pictures. Let's debunk the Disney myth and explore the real stories behind RKO's ownership.

The Ownership History of RKO Pictures

RKO Pictures, also known as Radio-Keith-Orpheum Pictures, was a major Hollywood film studio established in 1929. From its inception to its eventual decline in the 1950s, RKO went through several ownership changes. It was owned by various entities and individuals, each making its mark on the studio's history. However, it is crucial to note that Disney never owned or even had a stake in RKO, amidst the complexities of Hollywood's business landscape.

Early Ownership and Early 1930s

Initially, RKO was co-founded by three major Hollywood players: R.F. Keith, Lee de Forest, and B.F Keith. Lee de Forest, an inventor of the Audion tube, used the company’s profits for further technological advancements, including the development of sound-on-film technology. This innovation was a game-changer in the film industry, enhancing the audio quality of movies significantly.

The Hal Roach and William Diaz Era (1930s)

In the early 1930s, William Diaz, an independent film producer, acquired control of RKO. Under Diaz, RKO produced a variety of films, from musicals to crime dramas. The studio also became a testing ground for new talent and technologies, paving the way for future masterpieces.

The Raoul Walsh and director era (mid-1930s)

William Diaz's era at RKO was followed by Raoul Walsh, a renowned film director, who took over as president. Walsh, known for his fast-paced and well-crafted films, brought a fresh vision to RKO. During this period, RKO produced several notable films, including "Manhattan Melodrama" (1934) starring Clark Gable and Joan Bennett.

Other Major Players and Ownership Timeline

After Raoul Walsh's tenure, RKO went through several ownership periods, with key players such as Noel Nichols, Howard Hughes, and others holding control. The studio was in various stages of transition, with each owner making significant changes to the company's direction.

Noel Nichols and William Draper's Control (1936-1942)

Noel Nichols, a film industry executive, and William Draper, a lawyer, acquired RKO in 1936. Under their leadership, RKO began to focus more on producing quality films with a mix of drama, romance, and comedy genres. This era marked the production of several award-winning films, including "Other People's Money" (1936) and "One Million B.C." (1940).

Howard Hughes and RKO's Decline (1942-1959)

In 1942, Howard Hughes took over the reins of RKO. Hughes, a major figure in aviation, film, and show business, transformed RKO into one of the most powerful studios in Hollywood. However, his decision to personally direct and star in films led to a significant decline in RKO's production output. The studio's focus shifted to producing low-budget films, which did not match the high standards set during Nichols and Draper's era.

Final Sale to National Theatres Corporation (1959)

In 1959, RKO Pictures was sold to National Theatres Corporation (NTC), a conglomerate with interests in theaters, hotels, and other entertainment businesses. This final chapter marked the end of RKO as an independent Hollywood studio. NTC operated RKO for a few years before selling the assets to various buyers.

Walt Disney and RKO: No Connection

Despite the persistent rumors, it is essential to clarify that Walt Disney, one of the most iconic figures in the entertainment industry, never owned or had a controlling interest in RKO Pictures. These rumors likely stem from the shared history and overlapping timelines in the film industry, but there is no solid evidence to support the claim.

Disney's Early Career and Attempts

Walt Disney began his career in the early 1920s, creating cartoon shorts that were hugely popular. By the 1930s, Disney had ventured into feature-length animated films, including "Snow White and the Seven Dwarfs" (1937). During this period, Disney was more focused on expanding Disneyland and his own film studio, Walt Disney Productions (now part of The Walt Disney Company).

Other Ventures and Connections

Although Disney did not own RKO, he had certain business connections and collaborations with individuals and studios in the film industry. For instance, Disney produced and distributed films through RKO’s distribution network, lending a helping hand during their financial difficulties. However, these collaborations were brief and did not constitute a long-term ownership stake.

Conclusion: The True Story of RKO Ownership

In conclusion, the ownership history of RKO Pictures is rich and complex, but Disney was never part of it. This article has shed light on the various entities and individuals who owned or controlled RKO over the years, from its co-founders to the individuals during its later years. Understanding the true history of RKO pictures helps appreciate the significant contributions of each owner to the studio and the film industry as a whole.