Nicholas M. Schenck (November 14, 1881, Rybinsk, Russia - March 4, 1969, Florida) is an executive and executive of the American film studio.
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One of seven children, Schenck was born in a Jewish household in Rybinsk, a Volga river town in the Russian Tsar. He and his family, including his older brother Joseph M. Schenck, emigrated to the United States in 1893, where they settled in a tenement house on the Lower East Side of New York. Subsequently they moved to Harlem, a population that at that time consisted mainly of Jewish and Italian immigrants. Upon their arrival in the United States, Joe and Nick, when they were known, worked as a team that peddled newspapers and then at pharmacies. In two years they have saved enough money to buy pharmacy owners and start looking for other business ventures.
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Careers
One summer day, the Schencks boarded a trolley to Fort George, in downtown Manhattan, and noticed that thousands of people were jostling for the train back. The brothers rented a beer concession and also provided vaudeville entertainment. It was at this point that Schencks became acquainted with Marcus Loew, a theater operator. Loew, after recording the success of his brothers, increased their capital, enabling them to establish Palisades Amusement Park in Bergen County, New Jersey, just across the river from Manhattan, in 1908. It continued to operate until 1971, even though the brothers sold their own. interest in 1934.
Furthermore, Nicholas Schenck and his brother worked with Loew in the theater business. Between about 1907 and 1919, they reinvested in real estate for nickelodeon, vaudeville, and finally the film. In 1919, Loew bought a movie studio. At this time, Nicholas Schenck spent more time with Loew's, Inc., so Joseph, who moved to Hollywood, eventually became president of United Artists Corporation.
Schenck eventually became Loew's right hand, helping him manage what quickly grew into a vast theater chain. He also helped Loew's shepherding on Metro Pictures and Goldwyn Pictures to keep the cinema on offer. Loew soon realizes that he needs someone in Hollywood to run his studio interest. Schenck looked like an obvious choice, but Loew concluded that he needed Schenck in New York to help run the theater. He bought a studio led by independent producer Louis B. Mayer in 1924, incorporating Loew's Hollywood interest into Metro-Goldwyn-Mayer with Mayer as head of the studio. For unknown reasons, Mayer and Schenck disliked each other intensely; Mayer reportedly called Schenck "Mr. Skunk" personally. It was the beginning of a testicular relationship that would last for nearly four decades.
However, in 1927, Marcus Loew died suddenly, leaving Loew's control to Schenck. In 1929, William Fox, head of the competitor's studio Fox Film Corporation, arranged to buy a controlling interest from Schenck. When Mayer found out about the sale, he was angry; although he is the vice president of Loews, he is not a shareholder and has no say in the deal. Mayer went to the Department of Justice and, through his political connections, managed to make the deal stop for antitrust reasons. Shortly after, Fox was seriously injured in the summer of 1929 in a car accident. By the time he recovered, the destruction of the stock market virtually eliminated his wealth. Schenck blames Mayer for the cost of millions, and this makes the already cold relationship worse. However, due to the fall of the stock market, Loew's-Fox's deal will die even if the Department of Justice has given the treaty its blessing.
In 1932, Schenck ran an entertainment empire consisting of a thriving theater circuit and MGM. The conglomerate, which Schenck continues to run from New York City, employs 12,000 people. Schenck, by demanding tight production schedules, created tensions with Mayer and Irving Thalberg, who were head of production until his death in early 1936. However, thanks to the strict management of Schenck, MGM succeeded, becoming the only film company to continue paying dividends. during the Great Depression.
Under Schenck's leadership, the studio produced a large number of films, and the studio system allowed him to retain a variety of talents under his roof: Lon Chaney, Joan Crawford, Greta Garbo, Jean Harlow, Wallace Beery, Clark Gable, Mickey Rooney, Spencer Tracy, Katharine Hepburn, Judy Garland, Robert Taylor, Eddy Jeanette MacDonald-Nelson team and many others. Schenck's business sensitivity makes him rich. In 1927, he and Joseph were reportedly worth about $ 20 million (about $ 500 million in today's money, probably more), with a combined annual income of at least a million. By some estimates, Nicholas Schenck was the eighth richest man in the United States during the 1930s.
After World War II
Although Schenck's power and prestige were at their peak after World War II, time changed, as television appeared on the horizon. Like many in the film industry, Schenck, however, refused to engage with the new media. In 1951, Louis B. Mayer was at odds with Schenck over Dore Schary's position at MGM and Mayer was forced out of the studio.
By the middle of this decade, MGM's share price has dropped and shareholders have become more active. On December 14, 1955, Arthur M. Loew, son of Marcus Loew, succeeded Nicholas Schenck as company president, though Schenck remained Chairman of the Board. The following year, when Arthur Loew resigned for health reasons, Schenck opposed other directors in an attempt to secure a new president. When Joseph R. Vogel became president, Schenck was appointed honorary chairman, but retired entirely later that same year.
Nicholas Schenck shares his final years between his estates in Sands Point, Long Island and Miami Beach. The first, purchased in 1942, consists of a 20-hectare property (81,000 mÃ,²) with the main house of 30 rooms, luxuriously appointed. This includes a private cinema and a 200-foot dock.
In the 2016 movie Hail, Caesar! by Coen brothers, a character studio fixer named Eddie Mannix played by Josh Brolin reports to a studio executive named Nick Schenck.
Personal life
Nicholas Schenck and his brother, Joseph Schenck, were in the entertainment business together. Schenck's first marriage ended in a divorce. He later married Pansy Wilcox, his brother was director of Fred M. Wilcox. Nicholas and Pansy have three daughters: Marti, Joanne, and Nicola. Nicola Schenck (born 1934), who married Helmut Dantine, has three children with Dantine, and acts under the name Niki Dantine.
References
External links
- Madam. Nicholas M. Schenck (Pansy) at IMDb
Source of the article : Wikipedia
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