In 1925, three Shaw brothers—Runje, Runme, and Runde—founded Tianyi Film Company (also called "Unique") in Shanghai, and established a film distribution base in Singapore, where Runme and their youngest brother, Run Run Shaw, managed the precursor to the parent company, Shaw Organization. Runme and Run Run took over the film production business of its Hong Kong-based sister company, Shaw & Sons Ltd., and in 1958, a new company, "Shaw Brothers," was set up. In the 1960s, Shaw Brothers established what was once the largest privately owned studio in the world, Movietown.