Metro-Goldwyn-Mayer Studios: Difference between revisions
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In 1969, Kirk Kerkorian purchased the company. However, in 1973, MGM closed its distribution offices and signed a distribution agreement with [[United Artists]] for distribution in the US; the company also made a similar agreement with [[Cinema International Corporation|CIC]] for international distribution. In 1981, MGM purchased the failing United Artists and in 1982, was renamed MGM/UA Entertainment Co with UA's distribution branch being renamed to MGM/United Artists Distribution and Marketing and later to MGM/UA Distribution Co. MGM was also a founding partner in CIC's successor [[United International Pictures]]. On March 25, 1986, MGM/UA was purchased by Ted Turner (temporarily renaming the company MGM Entertainment Co.), but after a large amount of debt, sold it back on August 26, keeping the pre-1986 MGM library. MGM was then renamed to MGM/UA Communications Co. Then in 1990, it became MGM-Pathé Communications Co. after Giancarlo Parretti purchased the company and merged it with Pathé Communications (not to be confused with [[Pathé (France)|the well-known French Pathé studio]], as the company originally intended to buy the studio). Due to lawsuits, it was sold back to Kerkorian yet again and the company became Metro-Goldwyn-Mayer in 1992. In 2000, MGM broke off its international distribution agreement with UIP and instead signed with [[20th Century Studios|20th Century Fox]] to take over international distribution rights from UIP. On April 8, 2005, a consortium led by [[Sony Entertainment|Sony]]'s US branch bought the company. | In 1969, Kirk Kerkorian purchased the company. However, in 1973, MGM closed its distribution offices and signed a distribution agreement with [[United Artists]] for distribution in the US; the company also made a similar agreement with [[Cinema International Corporation|CIC]] for international distribution. In 1981, MGM purchased the failing United Artists and in 1982, was renamed MGM/UA Entertainment Co with UA's distribution branch being renamed to MGM/United Artists Distribution and Marketing and later to MGM/UA Distribution Co. MGM was also a founding partner in CIC's successor [[United International Pictures]]. On March 25, 1986, MGM/UA was purchased by Ted Turner (temporarily renaming the company MGM Entertainment Co.), but after a large amount of debt, sold it back on August 26, keeping the pre-1986 MGM library. MGM was then renamed to MGM/UA Communications Co. Then in 1990, it became MGM-Pathé Communications Co. after Giancarlo Parretti purchased the company and merged it with Pathé Communications (not to be confused with [[Pathé (France)|the well-known French Pathé studio]], as the company originally intended to buy the studio). Due to lawsuits, it was sold back to Kerkorian yet again and the company became Metro-Goldwyn-Mayer in 1992. In 2000, MGM broke off its international distribution agreement with UIP and instead signed with [[20th Century Studios|20th Century Fox]] to take over international distribution rights from UIP. On April 8, 2005, a consortium led by [[Sony Entertainment|Sony]]'s US branch bought the company. | ||
During 2009-2010, MGM had financial | During 2009-2010, MGM had financial problems 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 was added to 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 was added to the venture. | ||
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'''Trivia:''' | '''Trivia:''' | ||
* This was designed by Baked Studios and was originally made in 2019, two years before the logo's proper debut. It was originally scheduled to premiere on ''No Time to Die'' when it had its original November 2019 release date. However, due to the film getting delayed multiple times until October 2021 due to the | * This was designed by Baked Studios and was originally made in 2019, two years before the logo's proper debut. It was originally scheduled to premiere on ''No Time to Die'' when it had its original November 2019 release date. However, due to the film getting delayed multiple times until October 2021 due to the Coronavirus pandemic and the production troubles related to the ongoing global epidemic, this logo ended up making its debut online in March 2021 instead. Just like the previous logo, a frame-by-frame picture of Leo's footage is used as the profile banner on MGM's social pages. | ||
* The logo was shortlisted at the 2021 Clio Entertainment Awards, but it didn't win. | * The logo was shortlisted at the 2021 Clio Entertainment Awards, but it didn't win. | ||