While their studio doors never officially closed, RKO Radio stopped making movies in 1957, having gone through so much turmoil over the past decade that it's amazing that they lasted a long as they did. But for all of those who liked Fred and Ginger, the young Katharine Hepburn and a boy genius (who wasn't really a boy), their legacy of greatness was already destined before the end of the golden era of film. Unlike the other major Hollywood studios already around when RKO made its entrance, they didn't have an involvement in the silent era, so RKO could start making sound films from scratch. Their early films in many cases are rather creaky, with camera movements making their films look more like filmed stage plays. Slowly they developed a list of contract players (among them a young Irene Dunne and Joel McCrea) and had a popular comic team (Wheeler and Woolsey) who could bring tremendous profits on a budget. By 1932, RKO was considered one of the majors, winning an Oscar for "Cimarron" for Best Picture, and they joined MGM, Paramount, Warner Brothers and Fox as one of the majors, with Columbia and Universal lingering behind but slowly moving up.
It was the Astaire and Rogers films that put RKO on the map, making them the most beloved movie musical screen couple of all time. A stage actress named Katharine Hepburn would get an Oscar during her first year in Hollywood and would replace Dunne and Ann Harding as the top prestige female star. When a giant ape climbed up the Empire State Building with the beautiful Fay Wray in his hands, audiences were glued. It may have been beauty who killed the beast, but it was the beast who conquered the box office. The young David O. Selznick for a while ran the studio and would use this as an opportunity to prepare for his own independent production company. Everything looked fine as their products included critically acclaimed screwball comedies ("Vivacious Lady", "Bachelor Mother", "My Favorite Wife"), classic versions of novels ("The Hunchback of Notre Dame", "Gunga Din"), biographies ("Annie Oakley"), serious social dramas ("None But the Lonely Heart"), and eventually gritty film noir ("Crossfire", "They Wouldn't Believe Me", "Out of the Past") that helped change the way that movies looked at big city streets and humanity in general.
But as Hollywood moved from the end of the war years into a serious political front, RKO too changed, and even with such successful contract players as Jane Russell, Jane Greer and Robert Mitchum, they couldn't keep a consistent executive. None other than Howard Hughes ended up running the studio, and by the mid 1950's, they faced (along with the other studios) rivalry with TV. By the end of the 1950's, the studio had switched completely to TV, selling itself to none other than former contract player Lucille Ball and husband Desi Arnaz who, upon their divorce, would separately produce for TV. This documentary covers the golden years, the in between, and the sudden fall. Interviews with some of the surviving stars and vintage newsreels show what it took to run a studio of this survive.
For me, I always look forward to much of the RKO product, whether it be funny boys Wheeler and Woolsey, "Mexican Spitfire" Lupe Velez and her rubber-legged co-conspirator Leon Errol, sexy Jane (both Russell and Greer) and macho Mitchum; Fred and Ginger dancing; a little bit of Fibber McGee and Molly; dashing Irene Dunne exchanging cracks with Cary Grant; Barbara Stanwyck pre-dating Merman and Hutton as Annie Oakley; Charles Coburn being the devil to Jean Arthur's Miss Jones; and even Fred-less Ginger selling girdles to the women of the wild west. There were hits, there were misses, but even those misses have a charm to them that many movies do not have today.