Editing RCA (section)

==Motion pictures==
RCA also made investments in the movie industry, but they performed poorly. In April 1928, RCA Photophone, Inc., was organized by a group of companies including RCA to develop sound-movie technology. In the fall of 1927, RCA had purchased stock in Film Booking Office (FBO), and on October 25, 1928, with the help of [[Joseph P. Kennedy]], the [[RKO Pictures|Radio-Keith-Orpheum Corporation]] (RKO) studio was formed by merging FBO with Keith-Albee-Orpheum Corporation (KAO), a company whose holdings included motion picture theaters. The theaters in which RKO had an interest provided a potential market for the RCA Photophone sound systems. RCA ownership of RKO stock expanded from about one quarter in 1930 to about 61% in 1932.<ref>[https://babel.hathitrust.org/cgi/pt?id=uc1.$b78643&view=1up&seq=25 "RCA's interest in the motion-picture industry"], ''Report on Chain Broadcasting: May 1941'', Federal Communications Commission, pages 13-14.</ref> RKO encountered severe financial problems, going into receivership from early 1933 until 1940. RCA sold its holdings in the studio to raise funds for its basic operations.{{Citation needed|date=July 2024}}