Answer
Samuel Goldwyn played a crucial role in establishing motion picture studios in Hollywood. In 1916, Goldwyn founded the Goldwyn Pictures Corporation, which merged with Metro Pictures in 1924 to form Metro-Goldwyn-Mayer (MGM). MGM went on to become one of the most successful motion picture studios in Hollywood history. Goldwyn was also a co-founder of the Academy of Motion Picture Arts and Sciences, which is responsible for the annual Academy Awards.