Glasser, who died Thursday, was 89, the Hollywood Reporter said.
He was a substitute teacher at Beverly Hills High School in 1951 when he borrowed money from his landlord, invested in a studio lot in Hollywood and produced "Gold Raiders," a Western starring the Three Stooges.
Glasser, a Chicago native, went on to produce "Space Master X-7" in 1957, and later worked on the "Assignment: Underwater" adventure series.
He was a graduate of Indiana State University and is survived by four children and eight grandchildren, the Reporter said.
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