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Metro-Goldwyn-Mayer Studios Inc. (also known as Metro-Goldwyn-Mayer Pictures, commonly shortened to MGM) is an American film and television production and distribution company headquartered in Beverly Hills, California. [1] Metro-Goldwyn-Mayer was founded on April 17, 1924, and has been owned by the Amazon MGM Studios subsidiary of Amazon since ...
MGM HD was an all high-definition television cable network owned by the MGM HD Productions subsidiary of Metro-Goldwyn-Mayer (MGM), a division of Amazon's MGM Holdings, Inc. It launched in December 2006 and featured movies from the Metro-Goldwyn-Mayer library of 1,200 movies mastered in a high-definition-compatible format.[2]
In November 1995, Metromedia announced that it would acquire Motion Picture Corporation of America (MPCA) for $32 million, followed by The Samuel Goldwyn Company for $115 million in February 1996. [53] [54] On April 11, 1997, Metromedia sold Orion/Goldwyn and MPCA to Metro-Goldwyn-Mayer (MGM) for $573 million and was closed on July 10 of the ...
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
To provide films for his theaters, Loew founded Metro-Goldwyn-Mayer (MGM) in 1924, by merging the earlier firms Metro Pictures, Goldwyn Pictures, and Louis B. Mayer Productions. Loew's Incorporated served as the distribution arm and parent company for the studio until the two were separated by the 1948 U.S. Supreme Court ruling United States v ...
The complex was the original home of Metro-Goldwyn-Mayer from 1924 to 1986 and Lorimar-Telepictures from 1986 to 1988. In addition to films shot at the facility, several television shows have been broadcast live or taped there. The lot, which is open to the public for daily studio tours, currently houses a total of sixteen separate sound stages.
He purchased the Metro-Goldwyn-Mayer movie studio in 1969. Of Armenian descent, Kerkorian provided over $1 billion for charity in Armenia through his Lincy Foundation, which was established in 1989 and particularly focused on helping to rebuild northern Armenia after the 1988 earthquake . [ 6 ]
Other major film studios of the 20th century included: Metro-Goldwyn-Mayer (MGM) (1924–1986) – one of the Big Seven studios, [21] acquired by Ted Turner in 1986, who sold the studio back to Kirk Kerkorian later that year while retaining MGM's pre-May 1986 library; became a mini-major studio upon the sale; emerged from bankruptcy in 2010; now owned by Amazon, which also owns and operates ...