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Trans-Beacon Corp. - 1966-1971 dated RKO Pictures Connected Stock Certificate - Great History

Inv# GS5068   Stock
State(s): Delaware
Years: 1966-1971
Color: Red or Orange

Stock printed by Corpex-Wolberg, New York. Orange or Red Available. Please specify color. 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 under the control of the Radio Corporation of America (RCA) in October 1928. RCA executive David Sarnoff engineered the merger to create a market for the company's sound-on-film technology, RCA Photophone, and in early 1929 production began under the RKO name (an abbreviation of Radio-Keith-Orpheum). Two years later, another Kennedy concern, the Pathé studio, was folded into the operation. By the mid-1940s, RKO was controlled by investor Floyd Odlum.

In 1971, the US and Canadian TV—and consequently, video—rights to most of the RKO film library were sold at auction after the holders, TransBeacon (a corporate descendant of C&C Television), went bankrupt. The auctioned rights were split between United Artists (UA) and Marian B. Inc. (MBI). In 1984, MBI created a subsidiary, Marian Pictures Inc. (MBP), to which it transferred its share of the RKO rights. Two years later GenCorp's subsidiaries, RKO General and RKO Pictures, repurchased the rights then controlled by MBP. In the meantime, United Artists had been acquired by MGM. In 1986, MGM/UA's considerable library, including its RKO film negatives and rights, was bought by Turner Broadcasting System for its new Turner Entertainment division. When Turner announced plans to colorize ten of the RKO films, GenCorp resisted, claiming copyright infringement, leading to both sides filing lawsuits. During RKO Pictures' brief Wesray episode, Turner acquired many of the distribution rights that had returned to RKO via MBP, as well as both the theatrical rights and the TV rights originally held back from C&C for the cities where RKO owned stations. The new owners of RKO also allowed Turner to move forward with colorization of the library. Early in 1989, Turner declared that no less than the historic Citizen Kane would be colorized; upon review of Welles's ironclad creative contract with RKO, that plan was abandoned. In October 1996, Turner was merged into Time Warner (now Warner Bros. Discovery), which today owns the bulk of the RKO library and controls its distribution in North America. In 2007, Warners' Turner Classic Movies channel obtained the rights to six "lost" RKO films that Merian Cooper acquired in a 1946 legal settlement with his former employer and later transferred to a business associate as a tax shelter. Read more at https://en.wikipedia.org/wiki/RKO_Pictures

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Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
Price: $25.00