Fox Theatres Stock Price Decline After October 1929
Fox Theatres was a large chain of movie theaters in the United States dating from the 1920s either built by Fox Film Corporation studio owner William Fox, or subsequently merged in 1929 by Fox with the West Coast Theatres chain, to form the Fox West Coast Theatres chain.
Throughout the 1920’s and 1930’s the movie industry changed drastically; from silent films, to talkies, to full sound, and “Fox Theatres” always kept up with the industry.
Before the stock market crash of 1929, Fox Theatres had been trading at $22.50 per share on the New York Curb Exchange and by December 16, 1931 Fox Theatres was down to $0.50 per share.
Although Fox sold his interest in these companies in a 1936 bankruptcy settlement, his name lives on as the namesake of the Fox Television Network and the 20th Century Fox film studio. He was among the first pioneers of the motion-picture and entertainment industries.