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 Co.|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 Company]], 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. | ||