 Beginning in 1914, the Pathé Frères' film production studios in Fort Lee, New Jersey produced the successful serialized episodes, "The Perils of Pauline".Pathé stopped all production in the US by 1914 and in 1915 re-incorporated Pathé Company to Pathé Exchange.Pathé Exchange was spun off from its French parent company in 1921, with a controlling stake held by Merrill Lynch.