Steve Broidy (born Samuel Broidy) was born in Malden, Massachusetts, and attended Boston University. His entrance into the film business was as a salesman for an independent company in 1925, and he moved to Universal Pictures in 1926 and then Warner Bros. in 1931. He was hired by Monogram Pictures in 1933 as a sales manager, and by 1940 was on the ...
He established Allied Artists Productions Inc. as a subsidiary of W. Ray Johnston's Monogram Pictures in November, 1946. Broidy was installed as president and Johnston was chairman of the board. By 1953 it became apparent that the Monogram label was a hindrance to the company, being associated with ultra-cheap B quickies, and the label was eventually dropped in favor of the Allied Artists name. While the new company did produce some big-budget, prestigious films (i.e., Friendly Persuasion (1956)) of the type Monogram never made (and never could), it eventually acquired the same type of reputation as its predecessor, turning out a slew of cheap westerns, low-budget sci-fi and inexpensive teen/"j.d." pictures.