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Metro-Goldwyn-Mayer Studios Inc. (also known as Metro-Goldwyn-Mayer Pictures, commonly shortened to MGM) [1] ... Metro-Goldwyn-Mayer was founded on April 17, ...
Louis Burt Mayer (/ ˈ m eɪ. ər /; born Lazar Meir; July 12, 1884 [3] – October 29, 1957) was a Canadian-American [1] film producer and co-founder of Metro-Goldwyn-Mayer studios (MGM) in 1924. Under Mayer's management, MGM became the film industry's most prestigious movie studio, accumulating the largest concentration of leading writers ...
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
By 1905, Marcus Loew was on his own and his success eventually meant that he needed a steady flow of films for his theaters. In 1904, he founded the People's Vaudeville Company, a theater chain showcasing one-reel films and live variety shows. In 1910, the company had considerably expanded and was renamed Loew's Consolidated Enterprises.
MGM Holdings was formed by a Sony-led consortium on February 11, 2005, [1] and acquired MGM on April 8 in a US$4.8 billion leveraged buyout. [6] From that period until its emergence from bankruptcy on December 20, 2010, MGM Holdings was owned by Providence Equity Partners (29%), TPG Inc. (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%), and Quadrangle ...
The story of Giancarlo Parretti, the flamboyant Italian waiter-turned-financier who bought MGM in 1990 and was ousted and indicted when his takeover deal for the Hollywood studio collapsed, is in ...
In a letter, "Minamata" director Andrew Levitas accused MGM of burying his movie because Depp's "personal issues" "could reflect negatively upon them."
In March 2010, Paramount founded Insurge Pictures, an independent distributor of "micro budget" films. The distributor planned ten movies with budgets of $100,000 each. [ 106 ] The first release was The Devil Inside , a movie with a budget of about US$1 million. [ 107 ]