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In 1979, Kerkorian issued a press statement that MGM was now primarily a hotel company. In 1980, MGM hit a symbolic low point when David Begelman, earlier fired by Columbia following the discovery of his acts of forgery and embezzlement, was installed as MGM's president and CEO.
Apr 29, 2024 · MGM began in April 1924 as Metro Goldwyn productions. The company was born out a merger of Goldwyn Pictures, Louis B. Mayer productions and Metro Pictures. The organization was headed by Marcus...
Jul 18, 2022 · By 1979, Kerkorian declared that MGM was now primarily a hotel company. Business as usual continued in the film division, with a rotating cast of producers creating a mixed bag of films. MGM never stopped producing, but their brand identity was already gone.
In 1981 MGM merged with United Artists Corporation and then 16 years later bought Orion Pictures, Goldwyn Films, and the Motion Picture Corporation of America. Rechristened Metro-Goldwyn-Mayer Inc., the new MGM went public in 1997 and once again has become a force to be reckoned with in the entertainment industry.
Mar 5, 2022 · In 1969, the Las Vegas tycoon Kirk Kerkorian gained control of MGM and appointed former CBS-TV chief James T. Aubrey Jr., as president and CEO. Aubrey decided to cut overhead and sell off MGM’s...
The creation of MGM was orchestrated by Marcus Loew (1870–1927), who began building a chain of vaudeville and nickelodeon theaters in 1904 and 1905; by 1919, when it became Loew's, Incorporated, it was the leading chain of first-class theaters in the United States, concentrated in the New York area.
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Jan 24, 2012 · Released in 1951 and debuting Leslie Caron alongside Gene Kelly, the film featured a 15-minute ballet sequence set against impressionist sets. But it wasn’t just the musicals pulling in the...
