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
Sons: Joseph Kennedy Jr. (b. 1915), John F. Kennedy (b. 1917), Robert F. Kennedy (b. 1925) and Edward (b. 1932) (Senator Ted Kennedy).

Created RKO Pictures in 1928 by combining his Keith-Albee-Orpheum (KAO) theater chains, Film Booking Office of America (FBO) film production studio and the American Pathé film studio and distribution unit with the Radio Corporation of America's (RCA) Photophone Division. RCA hoped an alliance with Kennedy would allow it to break Western Electric Co.'s near monopoly on the sound-film business, and attempted to interest him in using its Photophone process for FBO Pictures. Kennedy responded by initiating negotiations with RCA boss David Sarnoff that resulted in the creation of the Radio-Keith-Orpheum holding company in October 1928. A master stock manipulator, Kenedy and his confederates drove up the share price of RKO before film production had even begun. Kennedy's interest in the motion picture industry was in making money, not necessarily in making films, and the finances of the new company were shaky. He sold the last of his RKO stock in 1931; RKO went into receivership in 1932, after which it was taken over by interests aligned with Nelson Rockefeller and his brothers. It is estimated that Kennedy made over $5 million (approximiately $54 million in 2005 dollars) from his investments in Hollywood.

US ambassador to the Court of St. James.

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