Marcus Loew

Marcus Loew (May 7, 1870 – September 5, 1927) was an American business magnate and a pioneer of the motion picture industry who formed Loews Theatres and Metro-Goldwyn-Mayer (MGM).

Biography

Marcus Loew was born in New York City into a poor Polish Jewish family who had settled in New York City the year before. He was forced by circumstances to work at a very young age and had little formal education. Nevertheless, beginning with a small investment from money saved from menial jobs, he bought into the penny arcade business. Shortly after, in partnership with Adolph Zukor and others, Loew acquired a nickelodeon and over time he turned Loew's Theatres into a leading chain of vaudeville and movie theaters in the United States.

By 1905, Marcus Loew was on his own and his success eventually necessitated that he secure a steady flow of product for his theaters. In 1904, he founded the People's Vaudeville Company, a theater chain which showcased one-reel films as well as live variety shows. In 1910, the company had considerably expanded and was renamed Loew's Consolidated Enterprises. His associates included Adolph Zukor, Joseph Schenck, and Nicholas Schenck. In 1919, Loew reorganized the company under the name Loew's, Inc.