It is no secret that climbing the ladder to success in any industry can be challenging. As we look at the Paramount Studios, we begin to understand the road to what some may call the “Golden Age of Hollywood.” Paramount films one of the top conglomerates in the film industry and was by far one of the most resilient studios to survive a time of great uncertainty. There were some crucial decisions that needed to be made to aid in the company’s success not just for Paramount Studio but also in Hollywood.
Although filming in studios began in the 1920’, the stock market crash of 1929 was a year no one can forget. This was the economic demolition of America and a film industry desperate to survive. Paramount films with many others were profitable during this difficult time but the success was short lived. From 1928-1930 Paramount films was a booming industry, it is believed that this short stint of profitability is attributed to Americans attempting to escape the “Depression.” Paramount gradually plummeted in 1931 when the practice of “block …show more content…
The premise was to help America in what was known as the three R’s, Relief for the unemployed, Recover the economy, and Reform the financial system. It was believed that this act was liberally based and this caused union agencies to erupt from all over. With an opportunity from the President so tremendous, Paramount studios like many others had come up with an innovative way to get actors and actresses some work. As a means to financially maintain the studio an unspoken system known as “block booking” was being conducted. According to Wikipedia “block booking “was the selling of pre-packaged low budget mediocre films that drew a substantial amount of money for the studio. It was essentially a “oligopoly” it was Paramount studios running a monopoly on hard working Americans in order to control the
Although filming in studios began in the 1920’, the stock market crash of 1929 was a year no one can forget. This was the economic demolition of America and a film industry desperate to survive. Paramount films with many others were profitable during this difficult time but the success was short lived. From 1928-1930 Paramount films was a booming industry, it is believed that this short stint of profitability is attributed to Americans attempting to escape the “Depression.” Paramount gradually plummeted in 1931 when the practice of “block …show more content…
The premise was to help America in what was known as the three R’s, Relief for the unemployed, Recover the economy, and Reform the financial system. It was believed that this act was liberally based and this caused union agencies to erupt from all over. With an opportunity from the President so tremendous, Paramount studios like many others had come up with an innovative way to get actors and actresses some work. As a means to financially maintain the studio an unspoken system known as “block booking” was being conducted. According to Wikipedia “block booking “was the selling of pre-packaged low budget mediocre films that drew a substantial amount of money for the studio. It was essentially a “oligopoly” it was Paramount studios running a monopoly on hard working Americans in order to control the