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1980
- In 1980, the studio acquired United Artists.
en.wikipedia.org/wiki/Metro-Goldwyn-Mayer
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On September 22, 2014, MGM acquired a controlling interest in One Three Media and Lightworkers Media and merged them to revive the television production unit of United Artists as United Artists Media Group (UAMG). MGM itself acquired UAMG on December 14, 2015, and folded it into their own television division. [3]
In 1990, Italian financier Giancarlo Parretti announced he was about to buy MGM/UA. Although the French government had scuttled Parretti's bid to buy Pathé due to concerns about his character, background, and past dealings, Parretti gained backing from Crédit Lyonnais and bought MGM/UA from Kirk Kerkorian.
Jul 28, 1981 · HOLLYWOOD -- Metro-Goldwyn-Mayer Film Co. bought United Artists motion pictures studios from Transamerica Corp. Tuesday for $380 million. MGM paid $250 million in cash as the purchase was...
- Overview
- References
United Artists Corporation (UA), doing business as United Artists Digital Studios, was an American production and distribution company. Founded in 1919 by D. W. Griffith, Charlie Chaplin, Mary Pickford, and Douglas Fairbanks, the studio was premised on allowing actors to control their own interests, rather than being dependent upon commercial studios. UA was repeatedly bought, sold, and restructured over the ensuing century. Metro-Goldwyn-Mayer (MGM) acquired the studio in 1981 for a reported $350 million ($1 billion today).
On September 22, 2014, MGM acquired a controlling interest in entertainment companies One Three Media and Lightworkers Media, then merged them to revive United Artists' television production unit as United Artists Media Group (UAMG). However, on December 14 of the following year, MGM wholly acquired UAMG and folded it into MGM Television.
United Artists was briefly revived again in 2018 as United Artists Digital Studios, being launched along with the Stargate Origins web series and the Stargate Command streaming service. In December 2019 following the closure of Stargate Command, by early 2020 the original UA incarnation was folded, this time permanently, into MGM.
Mirror, the joint distribution venture between MGM and Annapurna Pictures, was subsequently rebranded as United Artists Releasing in early February 2019, in honor of its 100th anniversary, and the UA name lived on in that company for 4 years, until 2023 when it was folded again into MGM, effectively ending United Artists as a functioning company.
1.Petski, Denise (July 21, 2017). "MGM Revives 'Stargate' Franchise With 'Stargate Origins' Digital Series & SVOD Platform – Watch The Teaser". Deadline.
2.Woo, Elaine (September 29, 2011). "Mo Rothman dies at 92; found new audience for Chaplin". Los Angeles Times.
3.Cole, Robert J. (May 16, 1981). "M-G-M is Reported Purchasing United Artists for $350 Million". The New York Times.
4.McNary, Dave (December 14, 2015). "Mark Burnett Named President of MGM Television". Variety.
Mar 8, 1990 · March 8, 1990 at 12:00 a.m. EST. In another merging of foreign money and Hollywood movie making, a company controlled by Italian investors struck a $1 billion deal yesterday to purchase...
Jun 7, 1986 · Turner, who has owned MGM only since March 25, had said many times that his primary objective in buying MGM was to acquire its library.
Mar 8, 1990 · Since first buying a stake in what was then known as Metro-Goldwyn-Mayer Inc. more than 20 years ago, investor Kirk Kerkorian has taken the studio through a series of financial transactions...
