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Metro-Goldwyn-Mayer Studios Inc is an American media company, involved primarily in the of Dorothy's ruby slippers from The Wizard of Oz. Lot 3, 40 acres (, m2) of back-lot property, was sold off for real-estate development. By selling a portion of the studio to Australia's Seven Network, Kerkorian was able to.


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Mayer , Loew addressed the situation by buying Louis B. In , movie theater magnate Marcus Loew had a problem. Increasingly, before and during World War II, Mayer came to rely on his "College of Cardinals" β€” senior producers who controlled the studio's output. Beginning in , and lasting until , telecasts of The Wizard of Oz became an annual tradition, drawing huge audiences in homes all over the U. MGM produced some well-regarded and profitable musicals that would be later acknowledged as classics, among them An American in Paris , Singin' in the Rain , and Seven Brides for Seven Brothers However, Brigadoon , Deep in My Heart , It's Always Fair Weather , and Invitation to the Dance , were extravagant song and dance flops, and even the now-classic The Band Wagon lost money in its initial release. Schary's reign at MGM had been marked with few bona-fide hits, but his departure along with the retirement of Schenck in left a power vacuum that would prove difficult to fill. MGM released The Viking , the first complete Technicolor feature with a synchronized score and sound effects, but no spoken dialogue. Audiences began drifting to television in the late s. Until the mids, MGM could make a claim its rivals could not: it never lost money, although it did have an occasional disaster like Parnell , Clark Gable's biggest flop. In animation, MGM purchased the rights in to distribute a series of cartoons that starred a character named Flip the Frog , produced by Ub Iwerks. Thalberg, always physically frail, was removed as head of production in Mayer encouraged other staff producers, among them his son-in-law David O. Movie audiences more and more were staying home and watching television. Olivier's version of Hamlet was shown on prime time network TV a month later, but split in half over two weeks, and the film, The Titan: Story of Michelangelo was telecast by ABC in , but that was a documentary. In by coincidence, the year Mayer died , the studio lost money for the first time in its year history. The company was spun out in , with the studio's then owner Kirk Kerkorian maintaining a large share, but it ended all affiliation with Metro-Goldwyn-Mayer in MGM was the last studio to convert to sound pictures, but in spite of this fact, from the end of the silent film era through the late s, Metro-Goldwyn-Mayer was the dominant motion picture studio in Hollywood. MGM, however, was the very last studio to convert to " talkies " with its first all-color, "all-talking" sound feature with dialogue being the musical The Rogue Song MGM included a sequence made in Technicolor's superior new three-color process, a musical number in the otherwise black-and-white The Cat and the Fiddle , starring Jeanette MacDonald and Ramon Novarro. In , it was announced that MGM was to merge with 20th Century Fox , but the plan never came to fruition. By , MGM had released all of its contract players, with many either retiring or moving on to television. In addition, MGM saved money because it was the only one of the big five studios that did not own an off-site movie ranch. Gigi was a box-office and critical success which won nine Academy Awards , including Best Picture. Word came from Nicholas Schenck in New York: find "a new Thalberg" who could improve quality while paring costs. MGM stars dominated the box-office during the s, and the studio was credited for inventing the Hollywood stable of stars system, as well. As Thalberg fell increasingly ill in , Louis Mayer could now serve as his temporary replacement. Of the five stars, Loy and MacDonald were the only two whom Mayer rehired, in and respectively. In , MGM purchased the rights to the Our Gang series and moved the production in-house, [26] continuing production of the successful series of children's comedies until From to , MGM produced a series of comedy shorts called All Barkie Dogville Comedies , in which trained dogs were dressed up to parody contemporary films and were voiced by actors. From the outset, MGM tapped into the audience's need for glamor and sophistication. With Loew's lackluster assortment of Metro films, Loew purchased Goldwyn Pictures in to improve the quality. In , as a settlement of the government's restraint-of-trade action, United States v. Kerkorian did, however, commit to increased production and an expanded film library when he bought United Artists in MGM ramped up internal production, as well as keeping production going at UA, which included the lucrative James Bond film franchise. Shearer and Garbo never made another film after leaving the lot. Although Deitch's Tom and Jerry cartoons were considered to be vastly inferior to the earlier Hanna and Barbera shorts, they did receive positive reviews in some quarters. A fine reputation was gained for lavish productions that were sophisticated and polished to cater to an urban audience. Today The Wizard of Oz is regularly shown on the Turner -owned channels, no longer just once a year. MGM found it difficult to attract them to theaters. After Thalberg's untimely death, Mayer became head of production, as well as studio chief, becoming the first million-dollar executive in American history. Selznick, but no one seemed to have the sure touch of Thalberg. These records were sold only at Loew's theaters. Initially Joseph Vogel became president and Sol Siegel head of production. During this time, in the summer of , Fox was badly hurt in an automobile accident. Rumors began circulating that Thalberg was leaving to set up his own independent company; [ citation needed ] his early death in , at age 37, cost MGM dearly. Paramount Pictures, Inc. Still, as the Great Depression deepened, MGM began to economize by "recycling" existing sets, costumes, and furnishings from yesteryear projects. One bright spot was MGM musical pictures, under the aegis of producer Arthur Freed, who was operating what amounted to an independent unit within the studio. Mayer Pictures on April 17, MGM produced more than feature films in its first two years. Shearer was still a money maker despite screen appearances becoming scarce, and Crawford continued her box-office power until Mayer and Irving Thalberg's relationship began warmly, but eventually the two became estranged; Thalberg preferred literary works to the crowd-pleasers Mayer wanted. MGM was one of the first studios to experiment with filming in Technicolor. Mayer and Thalberg disagreed with the decision. This recycling practice never let up once started. After initial struggles with a poorly received series of The Captain and the Kids cartoons, the studio rehired Harman and Ising in , and Ising created the studio's first successful animated character, Barney Bear. Jones' group also produced its own works, winning an Oscar for The Dot and the Line , as well as producing the classic television version of Dr. Columbia also created a label called Publix for Paramount music and sold only at Paramount Theaters. With its high overhead expenses, MGM's profit margins continued to decrease. This management-by-committee resulted in MGM losing its momentum, developing few new stars and relying on the safety of sequels and bland material. Mayer was active in the California Republican Party and used his political connections to persuade the Justice Department to delay final approval of the deal on antitrust grounds. Approached by Louis B. In , Ted Turner bought MGM, but a few months later, sold the company back to Kerkorian to recoup massive debt, while keeping the library assets for himself. Mayer thought he had found this savior in Dore Schary , a writer and producer who had found success at running RKO. However, these purchases created a need for someone to oversee his new Hollywood operations, since longtime assistant Nicholas Schenck was needed in New York headquarters to oversee the theaters. Having inherited few big names from their predecessor companies, Mayer and Thalberg began at once to create and publicize a host of new stars, among them Greta Garbo , John Gilbert , William Haines , Joan Crawford , and Norma Shearer who followed Thalberg from Universal. Initial feature film sales focused on selling to the networks. With the arrival of talkies , MGM moved slowly and reluctantly into sound era, releasing features like White Shadows in the South Seas with music and sound effects, and Alias Jimmy Valentine with limited dialogue sequences. The year also marked the end of MGM's animation department, as the studio determined it could generate the same amount of revenue by reissuing older cartoons as it could by producing and releasing new ones. Also playing a huge role was Ida Koverman , Mayer's secretary and right hand. From then on, MGM regularly produced several films a year in Technicolor with Northwest Passage being one of the most notable. Their first full-fledged talkie, the musical The Broadway Melody , however, was both a box-office success and won the Academy Award as Best Picture of the Year. The series of deals left MGM even more heavily in debt. The studio then produced a number of three-color short subjects including the musical La Fiesta de Santa Barbara ; their first complete feature in the process was Sweethearts with MacDonald and Nelson Eddy, the earlier of the popular singing team's two films in color. By the time he recovered, the stock market crash in the fall of had nearly wiped Fox out and ended any chance of the Loew's merger going through. Avery left the studio in , leaving Hanna and Barbera to focus on the popular Tom and Jerry and Droopy series. It was the only Hollywood studio that continued to pay dividends during the s. Schenck and Mayer had never gotten along Mayer reportedly referred to his boss as "Mr. In a landmark event, the film became the first American theatrical fiction film to be shown complete in one evening on prime time television over a major American commercial network. Mayer Pictures. He had bought Metro Pictures Corporation in for a steady supply of films for his large Loew's Theatres chain. Parade was canceled by ABC in the 2nd quarter of TV production was expected to start with the β€”58 season and was to include half-hour remakes of, or series based on, its pictures. Dorothy Parker memorably referred to it as "Metro-Goldwyn-Merde. MGM produced approximately 50 pictures a year, though it never met its goal of releasing a new motion picture each and every week it was only able to release one feature film every nine days. The debt load from these and subsequent business deals negatively affected MGM's ability to survive as a separate motion picture studio. Marcus Loew died in , and control of Loew's passed to Nicholas Schenck. Selznick , Mayer's son-in-law, to obtain the services of Gable as well as financial assistance to complete the film. In , Ub Iwerks canceled the unsuccessful Flip the Frog series and MGM began to distribute its second series of cartoons, starring a character named Willie Whopper , that was also produced by Ub Iwerks. As the studio system faded in the late s and s, MGM's prestige faded with it. The Tom and Jerry cartoons won seven Academy Awards between and In , Tex Avery , another Schlesinger alumnus, joined the animation department. The studio was all too happy to see Oz become, through television, one of the two or three most famous films MGM has ever made, and one of the few films that nearly everybody in the U.

Metro-Goldwyn-Mayer Studios Inc. After a two-year hiatus, Crawford moved to Warner Brothers, where her career took a dramatic upturn. Seuss 's How the Grinch Stole Christmas!

The first cartoon in this series entitled Fiddlesticks was the first sound cartoon to be produced in two-color Technicolor. After , production was cut from 50 pictures a year to a more manageable 25 features per year.