quality:correction
Paramount

In 1913, Goldfish, along with his brother-in-law Jesse L. Lasky, Cecil B. DeMille, and Arthur Friend formed a partnership, The Jesse L. Lasky Feature Play Company, to produce feature-length motion pictures. Film rights for a stage play, The Squaw Man, were purchased for $4,000 and Dustin Farnum was hired for the leading role. Shooting for the first feature film made in Hollywood began on December 29, 1913.

In 1914, Paramount was a film exchange and exhibition corporation headed by W. W. Hodkinson. Looking for more movies to distribute, Paramount signed a contract with the Lasky Company on 1 June 1914 to supply 36 films per year. One of Paramount's other suppliers was Adolph Zukor 's Famous Players Company. The two companies merged on 28 June 1916, forming the Famous Players–Lasky Corporation. Zukor had been quietly buying Paramount stock, and two weeks before the merger, became president of Paramount Pictures Corporation and had Hodkinson replaced with Hiram Abrams, a Zukor associate.

With the merger, Zukor became president of Paramount and Famous Players–Lasky, Goldfish was named chairman of the board of Famous Players–Lasky, and Jesse Lasky was the first vice-president. After a series of conflicts with Zukor, Goldfish resigned as chairman, and as a member of the executive committee on September 14, 1916. Goldfish was no longer an active member of management, although he still owned stock and was a member of the board of directors. Famous Players–Lasky later became part of Paramount Pictures Corporation, and Paramount became one of Hollywood's major studios.