United Artists: Difference between revisions
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By 1990, after the purchase of MGM/UA by Giancarlo Parretti, United Artists became dormant in favor of the MGM label being used instead. In 1993, after Crédit Lyonnais' purchase of MGM, he convinced John Calley to run UA, allowing the ''Pink Panther'' and ''James Bond'' franchises alongside the release of the only NC-17-rated film released nationally: ''Showgirls''. Kirk Kerkorian later repurchased MGM in 1996, with John Calley resigning. | By 1990, after the purchase of MGM/UA by Giancarlo Parretti, United Artists became dormant in favor of the MGM label being used instead. In 1993, after Crédit Lyonnais' purchase of MGM, he convinced John Calley to run UA, allowing the ''Pink Panther'' and ''James Bond'' franchises alongside the release of the only NC-17-rated film released nationally: ''Showgirls''. Kirk Kerkorian later repurchased MGM in 1996, with John Calley resigning. | ||
In 1999, MGM folded the existing United Artists company into their own operations (with copyrights for ''The Pink Panther'' and ''Rocky'' transitioning to MGM, although James Bond kept with a United Artists copyright for legacy purposes) and rebranded their [[G2 Films]] ( | In 1999, MGM folded the existing United Artists company into their own operations (with copyrights for ''The Pink Panther'' and ''Rocky'' transitioning to MGM, although James Bond kept with a United Artists copyright for legacy purposes) and rebranded their [[G2 Films]] (a renamed portion of the former [[The Samuel Goldwyn Company|Samuel Goldwyn Company]]) division as United Artists International, with the United Artists brand now being used as an art-house theater label. | ||
On April 8, 2005, Sony Corporation, Comcast, and four of its private partners bought MGM and United Artists for $4.8 billion. In November 2006, Tom Cruise and Paula Wagner were made the new owners of this revamped United Artists. However on August 14, 2008, Wagner left the studio, but still remained a stockholder in United Artists. In 2011, it became completely owned by MGM again when the studio purchased the stock formerly owned by Cruise and Wagner. As a result, UA was absorbed, but still exists as an in-name-only unit of MGM. | On April 8, 2005, Sony Corporation, Comcast, and four of its private partners bought MGM and United Artists for $4.8 billion. In November 2006, Tom Cruise and Paula Wagner were made the new owners of this revamped United Artists. However on August 14, 2008, Wagner left the studio, but still remained a stockholder in United Artists. In 2011, it became completely owned by MGM again when the studio purchased the stock formerly owned by Cruise and Wagner. As a result, UA was absorbed, but still exists as an in-name-only unit of MGM. | ||