United Artists: Difference between revisions
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United Artists was sold to Transamerica Corporation on April 27, 1967, and later to Kirk Kerkorian's Tracinda, Inc. (the then-current owner of [[Metro-Goldwyn-Mayer Studios|Metro-Goldwyn-Mayer, Inc]].) on July 28, 1981. MGM would use both their brand and United Artists as labels during this time under the MGM/UA brand. | United Artists was sold to Transamerica Corporation on April 27, 1967, and later to Kirk Kerkorian's Tracinda, Inc. (the then-current owner of [[Metro-Goldwyn-Mayer Studios|Metro-Goldwyn-Mayer, Inc]].) on July 28, 1981. MGM would use both their brand and United Artists as labels during this time under the MGM/UA brand. | ||
In 1986, Turner Broadcasting System purchased MGM/UA Entertainment Co. and renamed it to MGM Entertainment Co. United Artists' assets were purchased back by Kirk Kerkorian who would use them to found a new company under the United Artists name. However, when Turner gained heavy debt over the MGM purchase, he sold the company back to Kirk Kerkorian, with the new United Artists being renamed as MGM/UA Communications | In 1986, Turner Broadcasting System purchased MGM/UA Entertainment Co. and renamed it to MGM Entertainment Co. United Artists' assets were purchased back by Kirk Kerkorian who would use them to found a new company under the United Artists name. However, when Turner gained heavy debt over the MGM purchase, he sold the company back to Kirk Kerkorian, with the new United Artists being renamed as [[MGM/UA Communications Co.|MGM/UA Communications Co.]], with MGM and United Artists being used as distribution labels. This still wasn't enough as the company gained a loss of $88 million, leading to MGM and United Artists splitting into separate divisions. | ||
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. | ||
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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. | ||
In September 2014, MGM acquired a stake in Mark Burnett's companies One Three Media and Lightworkers Media, merging them into [[United Artists Media Group]]; however, next year, after MGM purchased the stakes in these companies, UAMG was folded into [[MGM Television]]. | In September 2014, MGM acquired a stake in Mark Burnett's companies One Three Media and [[Lightworkers Media]], merging them into [[United Artists Media Group]]; however, next year, after MGM purchased the stakes in these companies, UAMG was folded into [[MGM Television]]. | ||
In 2018, MGM revived the brand again as [[United Artists Digital Studio]], and the United Artists name would finally return to the big screen in 2019 as [[United Artists Releasing]], a re-branding of MGM and [[Annapurna Pictures]]' existing distribution joint-venture Mirror Releasing, and allowing movies from fellow-MGM subsidiaries [[Orion Pictures]], [[Orion Classics]] and [[American International Pictures]] (Since October 2020) to be distributed. | In 2018, MGM revived the brand again as [[United Artists Digital Studio]], and the United Artists name would finally return to the big screen in 2019 as [[United Artists Releasing]], a re-branding of MGM and [[Annapurna Pictures]]' existing distribution joint-venture Mirror Releasing, and allowing movies from fellow-MGM subsidiaries [[Orion Pictures]], [[Orion Classics]] and [[American International Pictures]] (Since October 2020) to be distributed. | ||