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MGM UA Communications Co.
Metro-Goldwyn-Mayer Studios Inc., also known as Metro-Goldwyn-Mayer Pictures and abbreviated as MGM, is an American film, television production, distribution and media company owned by Amazon through MGM Holdings, founded on April 17, 1924 and based in Beverly Hills, California. MGM was formed by Marcus Loew by combining Metro Pictures, Goldwyn Pictures, and Louis B. Mayer Pictures into one company. It hired a number of well known actors as contract players—its slogan was "more stars than there are in heaven"—and soon became Hollywood's most prestigious film studio, producing popular musical films and winning many Academy Awards. MGM also owned film studios, movie lots, movie theaters and technical production facilities. Its most prosperous era, from 1926 to 1959, was bracketed by two productions of '' Ben Hur''. After that, it divested itself of the Loews movie theater chain, and, in the 1960s, diversified into television production. In 1969, Kirk Kerkorian bough ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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United Artists Releasing
United Artists Corporation (UA), currently doing business as United Artists Digital Studios, is an American digital production 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 acquired the studio in 1981 for a reported $350 million ($ 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 again revived in 2018 as United Artists Digital Studios. Mirror, the joint distribution venture ...
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Lorimar
Lorimar Productions, Inc., later known as Lorimar Television and Lorimar Distribution, was an American production company that was later a subsidiary of Warner Bros., active from 1969 until 1993, when it was folded into Warner Bros. Television (which is currently known as Warner Bros. Television Studios). It was founded by Irwin Molasky, Merv Adelson, and Lee Rich. The company's name was a portmanteau of Adelson's then wife, ''Lori'', and then MAR for Molasky, Adelson, and Rich. The firm "expanded from television and movies into advertising" in the 1980s. History Early years and merger with Telepictures (1969–1986) In the late 1960s, after a bank loan of $185,000 that Merv Adelson planned to furnish Lee Rich with, Lorimar Productions was founded. Prior to Lorimar, Rich had an established reputation; first as an advertising executive at Benton & Bowles, then as a television producer, co-producing (with Walter Mirisch) successful series such as ''The Rat Patrol''. Lorima ...
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Sony Pictures Studios
The Sony Pictures Studios is an American television and film studio complex located in Culver City, California at 10202 West Washington Boulevard and bounded by Culver Boulevard (south), Washington Boulevard (north), Overland Avenue (west) and Madison Avenue (east). Founded in 1912, the facility is currently owned by Sony Pictures and houses the division's film studios, such as Columbia Pictures, TriStar Pictures, and Screen Gems. The complex was the original studios of Metro-Goldwyn-Mayer from 1924 to 1986 and Lorimar-Telepictures from 1986 to 1989. In addition to films shot at the facility, several television shows have been broadcast live or taped there. The lot, which is open to the public for daily studio tours, currently houses a total of sixteen separate sound stages. History Early years (1912–1924) Director Thomas H. Ince built his pioneering Inceville studios in Pacific Palisades, Los Angeles in 1912. While Ince was filming at Ballona Creek in 1915, Harry C ...
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Turner Entertainment
Turner Entertainment Company is an American multimedia company founded by Ted Turner in 1986. Purchased by Time Warner in 1996 as part of its acquisition of Turner Broadcasting System (TBS), the company was largely responsible for overseeing the TBS library for worldwide distribution. In recent years, this role has largely been limited to being the copyright holder, as it has become an in-name-only subsidiary of Warner Bros., which currently administers their library. Background On March 25, 1986, Ted Turner and his Turner Broadcasting System purchased Metro-Goldwyn-Mayer (MGM) from Kirk Kerkorian for $1.5 billion, and renamed it MGM Entertainment Company, Inc. However, due to concerns in the financial community over the debt-load of his companies, on August 26, 1986, he was forced to sell the MGM name, all of United Artists, and the Culver City-based lot back to Kerkorian for approximately $300 million after months of ownership. But in order to manage the vault, Turner kept th ...
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