The California based Twentieth Century Fox Film Corporation formed after the merger of two companies Fox Film Corporation and Twentieth Century Pictures in 1935. Darryl F. Zanuck, Raymond Griffith, William Goetz and Joseph Schenck started the Twentieth Century Pictures in 1933 and the Fox Film Corporation's founder was William Fox who founded it in the year 1915.
William Fox built many theaters and created many legends in his impressive career. Sound Fox bought the rights of a German film sound processing technique and Fox was able to produce movies with music and effect track in 1926. The company was growing and more land was required for expanding. He bought around three hundred acre of land in Beverly Hills where he built the Movietone City. After the death of his rival, Marcus Loew, William thought of buying Loew's Inc. It had nearly two hundred theaters and also MGM studios under it. The deal was made and the companies were officially merged in 1929. But the owner of MGM studios, Louis B. Mayer, wasn't happy with this idea and he revolted by calling on the Justice Department's anti-trust unit and using political influence. Luck wasn't on William's side and he was injured in a car crash and by the time he was back to normal again the stock market crashed and he was totally bankrupt. He lost all his fortune and was even had to go to jail. The only way out was to merge with another larger company. This is when the merger of Twentieth Century and Fox took place. Fox had nearly two hundred theaters under its belt, but at that time the Twentieth Century was in better financial condition, so the name of the new company was Twentieth Century Fox Film Corporation, which began functioning on May 31, 1935. Schenck became the chief executive and Zanuck was the head of production. The leading actor of this company Will Rogers was killed in a plane crash and the leading actress Janet Gaynor also began losing popularity. Zanuck then decided to sign up new artists with some fresh talent. That was when Tyrone Power, Betty Grable, Henry Fonda, Sonja Henie, and Don Ameche became a part of the Twentieth Century-Fox Film Corporation. They made many musical-dramas and movies on famous biographies, which became huge hit with the audiences.