General Film Distributors was created in 1935 by the British film distributor C. M. Woolf (1879–1942) after he had resigned from Gaumont British and closed his distribution company Woolf & Freedman Film Service. In 1936, J. Arthur Rank and the paper magnate Lord Portal, convinced him to make it a daughter company to their General Cinema Finance Corporation, which just had acquired the British distribution rights for all Universal Pictures titles (by buying a large chunk of Universal in the US). One year later it became the cornerstone in The Rank Organisation.