Metro-Goldwyn-Mayer Studios: Difference between revisions

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During 2009-2010, MGM had financial difficulties and filed for Chapter 11 bankruptcy on November 3, 2010. After escaping from bankruptcy on December 20, 2010, Spyglass executives Gary Barber and Roger Birnbaum became co-CEOs and co-Chairs. Birnbaum left on October 3, 2012, and Barber was fired in March 2018.  
During 2009-2010, MGM had financial difficulties and filed for Chapter 11 bankruptcy on November 3, 2010. After escaping from bankruptcy on December 20, 2010, Spyglass executives Gary Barber and Roger Birnbaum became co-CEOs and co-Chairs. Birnbaum left on October 3, 2012, and Barber was fired in March 2018.  


Today, much of the studio's newer output is produced with and/or distributed by [[Columbia Pictures|Columbia]], [[Paramount Pictures|Paramount]], and [[Warner Bros. Pictures]] in all territories outside of the Nordics, Israel, Central Europe and the Middle East. In 2017, MGM signed an agreement with [[Annapurna Pictures]] to distribute titles from both parties in the US with third-party titles being released under the Mirror banner. MGM also signed an agreement with [[Universal Pictures]] that same year to handle international distribution of MGM titles. In 2019, the partnership became known as [[United Artists Releasing]] and [[Orion Pictures]]' distribution staff were added into the venture.
Today, much of the studio's newer output is produced with and/or distributed by [[Columbia Pictures|Columbia]], [[Paramount Pictures|Paramount]], and [[Warner Bros. Pictures]] in all territories outside of the Nordics, Israel, Central Europe and the Middle East. In 2017, MGM signed an agreement with [[Annapurna Pictures]] to distribute titles from both parties in the US with third-party titles being released under the Mirror banner. MGM also signed an agreement with [[Universal Pictures]] that same year to handle international distribution of MGM titles. In 2019, the partnership became known as [[United Artists Releasing]] and [[Orion Pictures]]' distribution staff were added into the venture.  


On May 26, 2021, online shopping company Amazon announced their intention to acquire MGM for $8.45 billion. The deal was finalized on March 17, 2022.  
On May 26, 2021, online shopping company Amazon announced their intention to acquire MGM for $8.45 billion. The deal was finalized on March 17, 2022. On August 15 of that year, MGM announced a new distribution agreement with [[Warner Bros. Pictures]] for international markets outside of North America (including China), which excludes two titles from Orion (except Canada) and the 26th ''Bond'' film, which will be retained by Universal. As part of the deal, Warner Bros. will take over home video rights in all regions.


The current company and studio location are located at Beverly Hills, California. MGM owned a more well-known set of studios in Culver City from 1925 until 1986, when the backlot was sold to [[Lorimar-Telepictures]]; the lot is now owned by Sony and is known as Sony Pictures Studios.
The current company and studio location are located at Beverly Hills, California. MGM owned a more well-known set of studios in Culver City from 1925 until 1986, when the backlot was sold to [[Lorimar-Telepictures]]; the lot is now owned by Sony and is known as Sony Pictures Studios.

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