History
In 1979, after a dispute over club owners refusing to pay comedians, a then 16 year old Jamie Masada recognized the need for a new venue for comedians to perform. After obtaining a loan of $10,000 from Neal Israel, he opened the Laugh Factory in a building formerly belonging to Groucho Marx. Recognizing his passion for comedy, Richard Pryor was the first comedian to perform on the now famous Laugh Factory stage. When Jamie attempted to pay him, Pryor instead handed him a $100 bill and wrote on it, "You need this for your rent, boy."
From that point on the Laugh Factory has grown to be one of the most famous comedy clubs in the world. USA Today has cited it as being the #1 comedy club in the country. Mr. Masada still comes in almost every day and attends Tuesday Open Mic Nights to screen possible comedians for the Laugh Factory stage. The Laugh Factory now has four locations. Two are located in California: Laugh Factory in Hollywood, California and Long Beach, California. The Laugh Factory also has locations in Las Vegas inside of the Tropicana Las Vegas and in Chicago, Illinois after a 5 million dollar renovation of the old Lakeshore Theater.
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