Probably 75% Of the films we talk about on this board are MGM connected, also thats roughly 75% of Leone's output was MGM/UA to boot.
Most of us know this has been on the cards for almost a year now, but yesterday was the big day of handing over the keys, so to speak.
Bye-bye, MGM - Famed studio, and UA partner, swallowed up in purchaseFriday, April 8, 2005 Posted: 2:22 PM EDT (1822 GMT)
LOS ANGELES, California (Hollywood Reporter)
-- It's very sad. MGM is gone. So is United Artists.
The deal, expected to close on Friday, for a consortium of companies (including Sony Corp.) to purchase the MGM assets for some $4.8 billion reminds us that in today's entertainment universe, it's all about selling DVDs.
Ted Turner was right: It's the library, stupid. All 4,000 titles.
Truth is, Metro-Goldwyn-Mayer -- the once-star-studded Tiffany studio that produced "The Wizard of Oz" and "Gone With the Wind" in 1939, and its United Artists studio, the great lotless indie founded in 1919 by Charlie Chaplin, Douglas Fairbanks, Mary Pickford and D.W. Griffith -- were long ago reduced to financial transactions. They had been dying little deaths for years.
So much history. So much talent.
the complete article is here at CNN.
http://www.cnn.com/2005/SHOWBIZ/Movies/04/08/film.mgm.reut/index.html
