Michael Redstone

Businessman

Birthday April 11, 1902

Birth Sign Aries

Birthplace Boston, Massachusetts, U.S.

DEATH DATE 1987-4-4, Bal Harbour, Florida, U.S. (84 years old)

Nationality United States

#45900 Most Popular

1902

Michael "Mickey" Redstone (born Max Rothstein; April 11, 1902 – April 4, 1987) was an American entrepreneur and founder of the Northeast Theater Corporation, now National Amusements, Inc.

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.

1934

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.

1936

In 1936, Redstone established the Northeast Theater Corporation, which grew rapidly as Redstone purchased land throughout the northeast and built new drive-in theaters.

1943

The pair also started a Massachusetts loan company, and opened an additional night club, the Latin Quarter, in 1943.

1948

His first in Massachusetts, the Dedham Drive-In, opened on August 11, 1948, though others in the state quickly followed.

1954

By 1954, when his son Sumner left his job to work for the company, Redstone owned three drive-in theaters and had hired his son Edward to help with the business.

1959

On August 28, 1959, Northeast was reincorporated as National Amusements, Inc. to consolidate the family's ownership interests and make it easier to obtain financing.

His son, Sumner Redstone, grew National Amusements into one of the largest media conglomerates in the United States, owning one of the three broadcast networks in CBS, the cable television and content provider Viacom (which includes MTV Networks and BET), and the movie studio Paramount Pictures.

CBS and Viacom are equal partners in MovieTickets.com.