A polymerizable compound represented by general formula (1) of the invention has good solvent solubility and excellent alignment control properties and optical characteristics. In formula (1), M1 and M2 are each hydrogen or methyl; X1 and X2 are each a single bond, or an optionally branched C1-10 alkylene, alkyleneoxy or alkyleneoxycarbonyloxy; X3 is optionally branched C1-10 alkylene; Y1 and Y2 are each an ester linkage, etc.; and rings A, B, C, and D are each a cyclic structure, such as 2,6-naphthlene.