Michael Redstone
American businessman
Michael "Mickey" Redstone (born Max Rothstein; April 11, 1902 – April 4, 1987) was an American entrepreneur and founder of the Northeast Theater Corporation, later National Amusements, Inc. which became Paramount Skydance.
Biography
Redstone was born on April 11, 1902, in Boston, Massachusetts. Born Max Rothstein, at his son Sumner's behest, he later changed the family name to "Redstone" to avoid association with Jewish gambling boss Arnold Rothstein.
Redstone dropped out of high school to pursue his first business venture, buying a truck and securing a trucking contract with the City of Boston. During this period, he became close with local gambling boss Harry "Doc" Sagansky. In 1934, Redstone and Sagansky started a Boston nightclub, the Mayfair, and purchased a drive-in theater in Valley Stream, Long Island. Both ventures were funded by Sagansky, who contributed "hundreds of thousands of dollars" to Redstone's businesses. The pair also started a Massachusetts loan company, and opened an additional night club, the Latin Quarter, in 1943.
In 1936, Redstone established the Northeast Theater Corporation, which grew rapidly as Redstone purchased land throughout the northeast and built new drive-in theaters.
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This entry incorporates text from “Michael Redstone” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.