When Marcus Loew died in 1927, Schenck assumed control over all of his holdings, including Loew’s theatre company and its production arm, Metro-Goldwyn-Mayer (MGM). Despite the onslaught of the Depression, though, Schenck’s attention to efficiency and to “the bottom line” helped the entertainment conglomerate turn consistent profits, allowing MGM to be the only motion picture company to consistently pay dividends during the Depression.