Robert Naify
Robert Naify was an American businessman and motion picture and media tycoon known for his ownership of the movie theaters chain
Career
Naify, the son of a Lebanese immigrant who built a movie theater empire beginning in 1912, has worked in the theater business nearly all his life. His father got into movie business in Atlantic City with a movie theater in 1912 where Robert and brother Marshall Naify (d. 2000) started as ushers, projectionists. The Naify brothers built the first movie screen in San Francisco, the New Fillmore and The Clay, which was first a nickelodeon house and one of the oldest theaters in San Francisco.They then moved to California in the early 1920s and built more theaters like the Cascade Theatre
About this time they also acquired the San Francisco Theaters owned by Samuel H Levin. These theaters were the
United Artists Theaters
After Inheriting movie theater empire Golden State Theaters, they purchased the United Artists Theaters chain. UA Theaters (established in 1924) has its roots in the movie studio of the same name founded by
United Artists Communications, Inc
Just as they were in the theater business, the Naify brothers were also pioneers in the cable business.
Todd-AO
In the mid-1950s, the Naify brothers were also the founders of Todd-AO, along with Mike Todd and the American Optical Company. Todd-AO became the largest independent post-production sound studio in the United States and worked on Apollo 13, E.T, Saving Private Ryan, Gladiator, Braveheart and other major films.[5]
In 1957, Todd-AO Corp won an Academy Award for
The Todd-AO Corporation is famous for providing a wide range of post production services to the motion picture, television, and commercial advertising industries. Renowned for sound engineering, the company's services include editing, narration, rerecording, digital sweetening, sound and picture synchronization, music scoring, Automated Dialogue Replacement, Foley sound effects, content transfer, and vaulting/storage. Moreover, the company's video services include editing, graphics in 2D or 3D, visual effects, color correction, film-to-video transfer (telecine), and vaulting/storage. Finally, its distribution and studio services for home video, pay television, cable, and domestic and international television companies include foreign language dubbing, subtitling, restoration, satellite downlink, Digital TV, Digital Versatile Disc (DVD) services, transmission of television channels, and format conversions.
By the time Todd-AO became a public company on the Nasdaq stock exchange in 1987, United Artists Communications, Inc. (UACI) ownership in Todd-AO had reached 85%. Robert and Marshall Naify obtained a 52% majority ownership in Todd-AO stock through the public offering and subsequently sold their majority interest in UACI. Marshall Naify had been the CEO of the firm for more than 40 years before they sold it to Malone's Liberty Media in 1999.[5][6]
The Naify brothers have been members of The Forbes 400 since 1987, with an estimated worth of $4.3 billion.
References
- ^ "United Artist Theaters".
- ^ "Robert Naify, investor whose family built theater empire, dies". SFChronicle.com. 2016-04-10. Retrieved 2020-02-25.
- Nashua Telegraph, July 15, 1986, p. 10. Retrieved November 16, 2013
- ^ ISSN 0362-4331. Retrieved 2016-02-01.
- ^ a b "The Todd-AO Corporation History".
- ^ "Robert Naify, investor whose family built theater empire, dies". sfchronicle.com.