Age, Biography and Wiki

Milton Rackmil was born on 1906 in New York City, is an A 20th-century American Jews. Discover Milton Rackmil's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 86 years old?

Popular As N/A
Occupation Record and film producer
Age 86 years old
Zodiac Sign
Born 1906, 1906
Birthday 1906
Birthplace New York City
Date of death 1992
Died Place N/A
Nationality United States

We recommend you to check the complete list of Famous People born on 1906. He is a member of famous Chairman with the age 86 years old group.

Milton Rackmil Height, Weight & Measurements

At 86 years old, Milton Rackmil height not available right now. We will update Milton Rackmil's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
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Who Is Milton Rackmil's Wife?

His wife is Marie Stevelman Vivian Blaine Gladys Lenore Blum Joan Crane

Family
Parents Not Available
Wife Marie Stevelman Vivian Blaine Gladys Lenore Blum Joan Crane
Sibling Not Available
Children 1

Milton Rackmil Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Milton Rackmil worth at the age of 86 years old? Milton Rackmil’s income source is mostly from being a successful Chairman. He is from United States. We have estimated Milton Rackmil's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Chairman

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Timeline

1906

Milton R. Rackmil (1906-1992) was the co-founder of Decca Records and head of Universal Pictures and Vice-Charman of MCA Inc.

Rackmil was born to a Jewish family on the Lower East Side of New York City and grew up in Brooklyn.

He graduated from New York University with a degree in accounting.

1920

After school in the 1920s, he worked for the Brunswick Radio Corporation in Manhattan and later moved to its plant in Scranton, Pennsylvania, where he served as general manager and controller.

1932

In 1932, he helped to start the Brunswick Radio Corporation.

1934

In 1934, he left Brunswick with two co-workers and co-founded Decca Records (along with Jack Kapp and Edward Lewis) in New York City, first serving as treasurer then as vice president in 1945, executive vice president in 1946, and president in 1949.

Although many believed that radio would displace record sales, Rackmil bet on the opposite: that radio would spur record sales.

He was correct and Decca, focusing on big name stars and 35 cent records with a top hit on each side, became the dominant company in popular music.

His label featured Bing Crosby, Ella Fitzgerald, Glenn Miller, Guy Lombardo, The Dorsey Brothers, Duke Ellington, Count Basie, the Mills Brothers, Al Jolson, the Andrews Sisters, Woody Herman, Lawrence Welk, The McGuire Sisters, Teresa Brewer, Ethel Waters, and the Four Aces.

1951

Thereafter, Rackmil entered the film industry in 1951 - which many believed was on the decline due to the advent of television - with Decca Records becoming the largest shareholder in the Universal Pictures Company; in 1952, he became its president.

Applying the same strategy as he did with records, he shifted Universal's strategy from low budget productions with B-grade actors to big, lavish productions utilizing maximum star power, employing actors such as Cary Grant, James Stewart, Kirk Douglas, Doris Day, and Rock Hudson.

1952

In 1952, the federal government filed an antitrust suit against Decca Records, its overseas sister company Decca Records Company of London, and a third unrelated company, alleging that they had illegally colluded to divide up the international markets; later that year, under a consent decree, Decca Records agreed to desist from said activities.

1954

He produced the films The Glenn Miller Story (1954), Pillow Talk (1959), Spartacus (1960), and That Touch of Mink (1962).

1962

In 1962, MCA Inc. purchased both Decca Records and Universal Pictures.

In 1962, Rackmil was awarded the "Motion Picture Pioneer of the Year" award by the Will Rogers Motion Picture Pioneers Foundation.

Rackmil was married four times:

Rackmil was active in the Friars Club and served as president of the Record Industry Association.

1972

Rackmil became vice-chairman of MCA's board and remained the head of both the film and record companies until his retirement in 1972.