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This film was described in news items as the first in a series of adventure and mystery films to be made by producer-directors Ernest B. Schoedsack and Merian C. Cooper at RKO. Contemporary sources conflict concerning the producer credit. Some sources list Schoedsack and Cooper as co-producers, while others list Schoedsack and Irving Pichel. On the film, however, Cooper is listed as associate producer, and Pichel is only credited with co-direction. According to studio production files, some sets used in The Most Dangerous Game were shared with the King Kong production. Schoedsack, who co-directed King Kong with Merian Cooper, directed Fay Wray and Robert Armstrong in this production during the day, and then at night, he and Cooper directed them in King Kong. The budget for The Most Dangerous Game was $218,869, according to studio records.
Motion Picture Herald lists the film's preview running time as 78 minutes, suggesting that the picture was cut substantially before its general release. According to modern sources, the production ran from 16 May to June 17, 1932. Film Daily news items, however, suggest that the production began in mid-June 1932. A July 1932 Film Daily news item adds Cornelius Keefe, Creighton Chaney, Walter McGrail, Arnold Gray, Alfred Codman, Ray Milland and James Flavin to the cast, but their participation in the final film has not been confirmed. Modern sources give the following additional credits: Makeup Wally Westmore; Photography Effects Lloyd Knechtel and Vernon L. Walker; Optical Effects Linwood G. Dunn; Cam oper Robert de Grasse; Art tech Mario Larrinaga and Byron L. Crabbe; Special Effects Harry Redmond, Jr.; Miniatures Don Jahraus and Orville Goldner; Spec props Marcel Delgado and John Cerisoli; Costumes Walter Plunkett; Piano solos Norma Boleslawski; Sd eff Murray Spivack; Set Decoration Thomas Little. Cast members from modern sources include Landers Stevens as "Doc" and James Flavin as "First mate." Many of the these contributors also participated in the making of King Kong. Richard Edward Connell's short story, which won the O. Henry prize, has been filmed several times, including a 1946 RKO version, Game of Death, directed by Robert Wise, starring John Loder and Audrey Long and featuring Noble Johnson, and a 1956 United Artists film, Run for the Sun, directed by Roy Boulting and starring Richard Widmark and Jane Greer.