X

MGM meaning in Business ?

( 5 )  .  1 Rating
648 views   .  0 comments  .   . 

Download Solution PDF

Answer: What is Metro-Goldwyn-Mayer, Inc. mean?

Metro-Goldwyn-Mayer Studios Inc. (also known as Metro-Goldwyn-Mayer Pictures, MGM; or Metro) is an American media company, founded in 1924, that produces and distributes feature films and television programs. It is based in Beverly Hills, California.

MGM was formed by Marcus Loew by combining Metro Pictures, Goldwyn Pictures, and Louis B. Mayer Pictures into a single 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 one of Hollywood's "big five" film studios, producing popular movie musicals and winning many Oscars. The company 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, it diversified into television production. In 1969, Kirk Kerkorian bought 40% of MGM, hired new management, reduced its output to about five movies per year, and diversified its products, creating MGM Resorts International and, in 1973, a Las Vegas-based hotel and casino company (which it divested in the 1980s). In 1980, it acquired United Artists. In 1986, Kerkorian sold the entire company to Ted Turner. Turner soon sold most of it back to Kerkorian who then sold it again in 1992, only to buy it again a third time in 1996. After that he expanded MGM by purchasing Orion Pictures and the Samuel Goldwyn Company, including both of their film libraries. Finally, in 2004, Kerkorian sold the company to a consortium that included Sony Pictures.

In 2010, MGM filed for Chapter 11 bankruptcy protection and reorganization. Later that year, after reorganization, MGM emerged from bankruptcy under the ownership of its creditors. Two former executives at Spyglass Entertainment, Gary Barber and Roger Birnbaum, became co-chairmen and co-CEOs of MGM's new holding company. In 2020, with Barber having left MGM, it began looking to be acquired by another company in order to pay its creditors.

On May 26, 2021, Amazon announced that it intended to buy MGM for $8.45 billion, but no date was set for closing the sale. In the present day, MGM is still producing and distributing feature films and television series. Its major film productions include the popular Rocky and James Bond franchises, and among its recent television productions is the very successful series, The Handmaid's Tale.

reference
Full Form Category
Money Growing Money Accounts and Finance
Montgomery (al) Airport Code
Mixed General Meeting Business
MacQuarie Goodman Management, Limited Business
Metro Goldwyn Mayer Business
Metro-Goldwyn-Mayer, Inc. Business
Michael Galinski Motorradsport Business
Master of Global Management Business
Micromechanics of Granular Media Community
Member Get a Member Community
Maple Grove Mixers Community
Mambo Gallery Management Community
maternal grandmother Community
Mother Gurkaur Memorial Community
Multi-cultural Gender and Minority Community
Media Gateway Manager Computing
Mostly Good Memory Computing
Machine Generated Modulation Electronics
Mercury Grand Marquis General
Magnetic Grey Metallic General
Meteor Gray Metallic General
Machine Gray Metallic General
More Godless Movies General
Midnight Gray Moon General
Menschen gegen Minen General
Mckale Grand Mckale General
Mystery Guitar Man General
Maureen G Mulvaney General
Member Get Member General
Mayweather Gettin Money General
Metzker Goes Mad General
Mammoth Giant Maze General
Morwasehla Glenn Mashao General
Mayweather Gets Money General
Marilyn and Glen McKnight General
Mighty Good Meats General
Mg Midget General
Mentally Gifted Minor Governmental
Mentally Goofy Man Governmental
Male Genital Mutilation Governmental
Modern Garage Movement Governmental
MURAGACHA Indian Railway Station
Mentally Gifted Man Internet
My Goodness Mom! Internet
Mahatma Gandhi Memorial Hospital Maharashtra Government
Male Genital Mutation Medical
Mitochondrial Genome Maintenance Medical
More Good Men Military and Defence
Master Group Multiplexer Military and Defence
Montgomery, Alabama USA Regional

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.




Give Rating
Report
Write Your Comments or Explanations to Help Others
Comments(0)





Miscellaneous in Business
MBA HRM Mcqs in Business
MBA Finance Mcqs in Business
Startup Funding
Career Switching
Accounting in Business
Miscellaneous in Business

Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Explore Other Libraries

X




Copyright (c) 2021 TuteeHUB

OPEN APP
Channel Join Group Join