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In 1957 (by coincidence, the year Mayer died), the studio lost money for the first time in its 34-year history. [26] After Spencer Tracy left MGM in 1955, the only major star remaining under contract from MGM's heyday was Robert Taylor; by 1960, MGM had released Taylor and the last of its contract players, with many either retiring or moving on ...
MGM Holdings, Inc. was an American holding company based in Beverly Hills, California.It was launched on February 11, 2005, by a creditor-oriented consortium and the former parent company of Metro-Goldwyn-Mayer (from which the "MGM" initials were coined).
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.
Prior to forming its own cartoon studio, MGM released the work of independent animation producer Ub Iwerks, and later the Happy Harmonies series from Hugh Harman and Rudolf Ising. [4] The MGM cartoon studio was founded to replace Harman and Ising, although both men eventually became employees of the studio. [5]
The last MGM cartoon was released in 1967 as The Bear That Wasn't. Between 1935 and 1957, MGM ran an in-house cartoon studio which produced shorts featuring the characters Barney Bear, George and Junior, Screwy Squirrel, Red Hot Riding Hood & The Wolf, Droopy and best of all, Tom and Jerry.
Marcus Loew (/ l oʊ / LOW; [1] May 7, 1870 – September 5, 1927) [2] was an American business magnate and a pioneer of the motion picture industry who formed Loew's Theatres and the Metro-Goldwyn-Mayer film studio (MGM).
Louis B. Mayer defined MGM, just as MGM defined Hollywood, and Hollywood defined America", writes biographer Scott Eyman. [ 38 ] Placed in his proper perspective, he was probably the greatest single force in the development of the motion picture industry who brought it to the heights of prosperity and influence it finally attained.
Metro-Goldwyn-Mayer Television, [4] previously known as MGM/UA Television, (common metonym: Lion [5]) is the television studio arm of the American film studio Metro-Goldwyn-Mayer (MGM), specializing in broadcast syndication and the production and distribution of television shows and miniseries.