Marilyn Monroe Productions is Formed
In December 1954, shortly after the completion of The Seven Year Itch, Marilyn formed Marilyn Monroe Productions, Inc., with photographer Milton Greene.
Marilyn had met Greene the previous year on the Fox lot when he had traveled to Hollywood to photograph her for Look magazine. The photographer and the former model hit it off instantly, and when they met again at a party a few days later, the two began discussing a possible partnership.
Throughout 1954, Greene conferred periodically with Marilyn about his partnership proposal. During the production of The Seven Year Itch, negotiations began in earnest, and the company was formed a few weeks later.
Marilyn Monroe Productions was established with 101 shares of stock; Marilyn controlled 51 shares, while Greene retained the remaining 50. Marilyn's function was to star in the films selected by the company, while Greene was to conduct all of the business and pay the bills.
The Seven Year Itch was released and became a success, earning an estimated $8 million. Monroe received positive reviews for her performance and was in a strong position to negotiate with 20th Century Fox. On New Year's Eve 1955, they signed a new contract which required Monroe to make four films over a seven-year period. The newly formed Marilyn Monroe Productions would be paid $100,000 plus a share of profits for each film. In addition to being able to work for other studios, Monroe had the right to reject any script, director or cinematographer she did not approve of