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American Broadcasting-Paramount Theatres, Inc. (originally United Paramount Theatres, later the American Broadcasting Companies and ABC Television) was the post-merger parent company of the American Broadcasting Company and United Paramount Theatres.
ABC later joined United Paramount Theatres forming American Broadcasting-Paramount Theatres (later American Broadcasting Companies, Inc.). After its venture into radio and television throughout the 1960s and 1970s and the purchase of ESPN in 1982, the company was acquired and merged with Capital Cities, forming Capital Cities/ABC in 1986.
American Broadcasting-Paramount Theatres. At the end of 1949, movie theater operator United Paramount Theatres (UPT) was forced by the U.S. Supreme Court to become an independent entity, separating itself from Paramount Pictures. [30]
6 days ago · ABC turned its attention to television in 1948 but met with little success until it merged with United Paramount Theatres (UPT), formerly the movie-exhibition arm of Paramount Pictures. The $25 million sale of ABC to UPT, which was headed by Leonard Goldenson, was announced in 1951 but was not approved by the FCC until 1953.
Feb 28, 2020 · Goldenson convinced his investors, and bought ABC, creating a company temporarily called American Broadcasting-Paramount Theaters. Struggling along as a poor third player in the embryonic television industry, Goldenson sought opportunities to prosper.
American Broadcasting-Paramount Theatres was formed, and the head of the company Leonard Goldenson symbolized the new kind of media mogul that emerged as the Hollywood studio system was being swept away by industry change.
After merging with United Paramount Theaters in 1953, ABC expanded into the emerging television industry and soon became one of the three top networks. It specialized in sports broadcasting and developed the instant replay in 1961.
OVERVIEW. A multimedia giant, the American Broadcasting Companies (ABC), directly or through its subsidiaries, operates the ABC television network (with 224 affiliates), 10 television stations, ABC Radio Networks, and 26 radio stations.
Noble finally found an investor in United Paramount Theaters (UPT). Divorced from Paramount Pictures at the end of 1949 by Supreme Court order, UPT had plenty of money on hand and was not afraid to spend it.
In the mid-1950s, ABC merged with United Paramount Theatres (UPT), a chain of movie theaters that formerly operated as a subsidiary of Paramount Pictures. Leonard Goldenson, who had been the head of UPT, made the then-new television network profitable by helping to develop and green-light many successful television series.
