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Ted Turner
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- On March 25, 1986, Ted Turner and his Turner Broadcasting System company purchased the pre-May 1986 MGM films (including Goldwyn Pictures films) from Kirk Kerkorian for $600 million.
en.wikipedia.org/wiki/Goldwyn_Pictures
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[citation needed] On March 25, 1986, Ted Turner and his Turner Broadcasting System company purchased the pre-May 1986 MGM films (including Goldwyn Pictures films) from Kirk Kerkorian for $600 million.
In June 1986 UA, under Kerkorian's control, bought back many of the original MGM assets for $300 million, including the production and distribution units, the Home Entertainment Group, and the UA film library.
In 1986, Kerkorian sold MGM to Ted Turner, who retained the rights to the MGM film library, sold the studio lot in Culver City to Lorimar, and sold the remnants of MGM back to Kerkorian a few months later.
May 18, 2018 · Formed by the merger of Metro Pictures Corporation, Goldwyn Pictures, and Louis B. Mayer Productions, the original MGM was responsible for some of the world's most beloved films, including Gone with the Wind and The Wizard of Oz.
Jun 7, 1986 · --The 44-acre MGM studio property, along with its film-processing laboratory, will be bought for $190 million by Lorimar-Telepictures Corp., a major television firm that presently...
Metro-Goldwyn-Mayer, Inc., (also known as Metro-Goldwyn-Mayer Pictures, commonly shortened to MGM ), is an American media company specializing in film and television production and distribution. Founded on April 17, 1924, and based in Beverly Hills, California, it is owned by the Amazon MGM Studios subsidiary of Amazon.
MGM merged with United Artists in 1981 to form the MGM/UA Entertainment Company, which was acquired by Turner Broadcasting System, Inc., in 1986. In 1996, Turner sold the company to an MGM management–led group. In 1997 MGM acquired the entertainment libraries of Orion Pictures and Goldwyn Entertainment.
