Name Irv Levin | Role Film producer | |
Died March 20, 1996, California, United States Movies To Live and Die in L.A., Crashout Similar People Gerald Petievich, William Friedkin, Hal E Chester, Menahem Golan, Yoram Globus | ||
Irving H. Levin (September 8, 1921 – March 20, 1996) was an American film producer and business executive with the National General Corporation. He was also the owner of the National Basketball Association's Boston Celtics and San Diego Clippers.
Levin began his film career as the president of Filmmakers Releasing Organization, a film distribution company founded by independent producers Collier Young and Ida Lupino. When American Broadcasting-Paramount Theatres, Inc. decided to expand to film production in 1956, Levin was named the first president of the Am-Par Picture Corporation. The company dissolved in 1959 and he moved to Atlantic Pictures Corp.
In 1961, Levin joined National Theaters & Television, Inc. as a vice president. In 1962 Eugene V. Klein restructured the company into National General Corp., where Levin served as the executive vice president from 1962–1969 and president and CEO from 1969–1972. Levin was also president of NGC's entertainment assets, which included National General Pictures and The Chinese Theatre.
In April 1972, Levin and attorney Harold A. Lipton purchased the Boston Celtics for $3.7 Million. The sale was rejected by the NBA as a result of conflict of interest concerns due to fellow National General directors Sam Schulman and Eugene V. Klein owning the Seattle SuperSonics. Levin and Lipton were forced to sell their shares to Robert Schmertz that May for $3.95 Million with an option for the two to repurchase half of the Celtics' stock. After two years of litigation, Levin and Lipton were able exercise their option. Ten months later they purchased the remaining stock from Leisure Technology.
In 1978, Levin and Lipton swapped their shares in the Celtics with John Y. Brown, Jr. and Harry T. Mangurian, Jr. for their shares in the Buffalo Braves. The Braves were relocated to San Diego, where they became the San Diego Clippers. On May 4, 1981, Levin sold the Clippers to Donald Sterling for $13.5 million.