Joseph P. Kennedy Sr. Overview:

Producer, Joseph P. Kennedy Sr., was born Joseph Patrick Kennedy on Sep 6, 1888 in Boston, MA. Kennedy Sr. died at the age of 81 on Nov 18, 1969 in Hyannis Port, MA .

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Joseph P. Kennedy Sr. Facts
President Franklin D. Roosevelt, believing that Kennedy knew all of the goings on of the stock market, made him head of the Securities and Exchange Commission.

Grandfather of Kathleen Kennedy Townsend, Joseph Kennedy, and Congressman Patrick Kennedy.

In 1925 he was retained by the financially troubled owner of Film Booking Office of America (FBO), a "Poverty Row" studio specializing in cheaply made westerns, to help find a new owner. Kennedy formed his own group of investors and bought FBO for $1.5 million. Subsequently, he moved to California in March 1926 to focus on running the studio. At the time movie studios were permitted to also own exhibition companies (a practice that was stopped by a 1947 Supreme Court decision involving Paramount Pictures), so Kennedy launched a hostile buyout of the Keith-Albee-Orpheum Theaters Corporation (KAO), which had more than 700 vaudeville and movie theaters across the U.S. In 1927 he acquired another production studio and film exhibitor, American Pathé, and its Pathé Exchange distribution subsidiary. In October 1928 he formally merged his film companies FBO and KAO with RCA's Photophone Division to form Radio-Keith-Orpheum (RKO). He topped this off by acquiring the Pantages Theater chain for $3.5 million, creating a major studio in the process with RKO Pictures.

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