Formation of the Amalgamated Broadcasting System, Inc. was announced in October 1932, although at the time it was described as being a production company. Ed Wynn was the president and "famed producer" Arthur Hopkins was director of productions, with Ota Gygi and T. W. Richardson described as assistants. Irving Berlin and Daniel Frohman were rumored to be planning to join the effort, and the new company, which it was reported "has Radio Row atwitter", was said to have already signed $1,000,000 of business contracts.