Preferred Pictures was an American film production company of the silent era. Founded in 1920 by the producer B. P. Schulberg following his departure from Paramount Pictures, it was an independent, either distributing its own films or releasing them through First National Pictures. Schulberg's partners were J. G. Bachmann and Al Lichtman, and many of the company's earliest productions featured the actress Katherine MacDonald.^[1] She was replaced as the company's leading star by Clara Bow.

In 1925 the company ran into financial trouble. Schulberg was lured back to Paramount and brought Bow with him. The final few releases under the Preferred Pictures label were released in 1926.^[2] Many of these were released by the company only in certain states, with other distributors handling them in other regions.

• Slide, Anthony. The New Historical Dictionary of the American Film Industry. Routledge, 2014.

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