Metro-Goldwyn-Mayer Studios: Difference between revisions

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Metro-Goldwyn-Mayer Studios (view source)

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|key people=Jennifer Salke (chairwoman/CEO)
|key people=Jennifer Salke (chairwoman/CEO)
|parent=[[Amazon MGM Studios]]<br>([[Amazon]])
|parent=[[Amazon MGM Studios]]<br>([[Amazon]])
|formerly= Metro-Goldwyn-Mayer Pictures Corporation (1924-1938)<br>Metro-Goldwyn-Mayer, Inc. (1938-1981)<br> Metro-Goldwyn-Mayer Film Co. (1981-1982)<br> MGM/UA Entertainment Co. (1982-1986)<br>MGM Entertainment Co. (1986-1987)
|formerly= Metro-Goldwyn-Mayer Pictures Corporation (1924-1938)<br>Metro-Goldwyn-Mayer, Inc. (1938-1981)<br>Metro-Goldwyn-Mayer Film Co. (1981-1982)<br>MGM/UA Entertainment Co. (1982-1986)<br>MGM Entertainment Co. (1986-1987)<br>MGM/UA Communications Co. (1987-1990)<br>MGM-Pathé Communications Co. (1990-1992)
|subsidiaries=[[MGM Television]]<br>MGM Music<br>MGM Sports<br>MGM On Stage<br>MGM Consumer Products
|subsidiaries=[[MGM Television]]<br>MGM Music<br>MGM Sports<br>MGM On Stage<br>MGM Consumer Products
|country=[[:Category:United States|United States]]
|country=[[:Category:United States|United States]]
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In 1969, Kirk Kerkorian purchased the company. However, in 1973, MGM closed its distribution offices and signed an agreement with [[United Artists]] for distribution of its films in the United States; the company made a similar agreement with [[Cinema International Corporation]] for international distribution. In 1981, MGM purchased the failing United Artists before renaming itself '''MGM/UA Entertainment Co.''' a year later, with UA's distribution branch being renamed MGM/United Artists Distribution and Marketing (later 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 (who temporarily renamed the company MGM Entertainment Co.), but after a large amount of debt, Turner sold it back on August 26, keeping the pre-1986 MGM library. MGM was then renamed '''MGM/UA Communications Co.''' 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|the French studio]], which Parretti attempted to buy but failed due to French governmental concerns over his business background). Due to lawsuits, it was sold back to Kerkorian yet again, and the company reverted back to the Metro-Goldwyn-Mayer name in 1992. In 2000, MGM broke off its international distribution agreement with UIP and signed with [[20th Century Studios|20th Century Fox]] for it to take over international distribution rights for its films. On April 8, 2005, a consortium led by [[Sony]]'s American branch bought the company.
In 1969, Kirk Kerkorian purchased the company. However, in 1973, MGM closed its distribution offices and signed an agreement with [[United Artists]] for distribution of its films in the United States; the company made a similar agreement with [[Cinema International Corporation]] for international distribution. In 1981, MGM purchased the failing United Artists before renaming itself '''MGM/UA Entertainment Co.''' a year later, with UA's distribution branch being renamed MGM/United Artists Distribution and Marketing (later 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 (who temporarily renamed the company MGM Entertainment Co.), but after a large amount of debt, Turner sold it back on August 26, keeping the pre-1986 MGM library. MGM was then renamed '''MGM/UA Communications Co.''' 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|the French studio]], which Parretti attempted to buy but failed due to French governmental concerns over his business background). Due to lawsuits, it was sold back to Kerkorian yet again, and the company reverted back to the Metro-Goldwyn-Mayer name in 1992. In 2000, MGM broke off its international distribution agreement with UIP and signed with [[20th Century Studios|20th Century Fox]] for it to take over international distribution rights for its films. On April 8, 2005, a consortium led by [[Sony]]'s American branch bought the company.


In 2009 and 2010, MGM suffered financial problems and filed for Chapter 11 bankruptcy on November 3, 2010. After escaping from bankruptcy on December 20, Spyglass executives Gary Barber and Roger Birnbaum became co-CEOs and co-chairs of the company. Birnbaum left on October 3, 2012, and Barber was fired in March 2018. For much of the 2010s, much of MGM's output was produced with and/or distributed by [[Columbia Pictures|Columbia]], [[Paramount Pictures|Paramount]], [[Universal Pictures|Universal]], or [[Warner Bros. Pictures|Warner Bros.]] in all territories outside of the Nordics, Israel, Central Europe, the Middle East and Portugal. 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 that same year to handle the 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.
In 2009 and 2010, MGM suffered financial problems and filed for Chapter 11 bankruptcy on November 3, 2010. After it emerged from bankruptcy on December 20, [[Spyglass Entertainment]] executives Gary Barber and Roger Birnbaum became co-CEOs and co-chairs of the company. Birnbaum left on October 3, 2012, and Barber was fired in March 2018. For much of the 2010s, much of MGM's output was produced with and/or distributed by [[Columbia Pictures|Columbia]], Paramount, [[Universal Pictures|Universal]], or Warner Bros. in all territories except the Nordics, Israel, Central Europe, the Middle East, and Portugal. 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 [[United Artists Releasing|Mirror]] banner. MGM also signed an agreement with Universal that same year to handle the 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.


On May 26, 2021, online shopping company Amazon announced its intention to acquire MGM for $8.45 billion, a deal that was finalized on March 17, 2022. On August 15, 2022, MGM announced a new distribution agreement with Warner Bros. for international markets outside North America, which excluded two titles from Orion and the 26th ''James Bond'' film, which will be retained by Universal. As part of the deal, Warner Bros. will take over home video rights in all regions. In 2023, [[Amazon Studios]] was renamed [[Amazon MGM Studios]], with MGM serving as a banner of the company for its films. As of 2024, its major film franchises include ''Rocky'' and ''James Bond'', while its most recent television productions include ''Fargo'' and ''The Handmaid's Tale''.  
On May 26, 2021, technology company [[Amazon]] announced its intention to acquire MGM for $8.45 billion, a deal that was finalized on March 17, 2022. On August 15, 2022, MGM announced a new distribution agreement with Warner Bros. for international markets outside North America, which excluded two titles from Orion and the 26th ''James Bond'' film, which will be retained by Universal. As part of the deal, Warner Bros. will take over home video rights in all regions. In 2023, [[Amazon Studios]] was renamed [[Amazon MGM Studios]], with MGM serving as a banner of the company.


The current company and studio location are located in 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 Pictures Entertainment]], and is known as Sony Pictures Studios.
As of 2024, MGM's major film franchises include ''Rocky'' and ''James Bond'', while its most recent television productions include ''Fargo'' and ''The Handmaid's Tale''. The current company and studio location are located in 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 Pictures Entertainment]], and is known as Sony Pictures Studios.


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