Download Metro-Goldwyn-Mayer Logo — Metro-Goldwyn-Mayer Inc. (or simply MGM ) is a great company, involved primarily in the production and distribution of films movies and programs for television . Its principal subsidiary were MGM Studios Inc. , United Artists Corporation and Orion Pictures Corporation (acquired in 1997). In a major commercial operation, the company was sold to a group of companies led by Sony Pictures Entertainment which also owns Columbia Pictures . MGM is based in Beverly Hills, California (After August 22, 2011). Before August 19, 2011, MGM was based on the MGM Tower in Century City , Los Angeles .
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The name comes from the three companies formed a corporate merger to create MGM Studios in 1924 , Metro Picture Corporation (founded 1915 ), Goldwyn Pictures Corporation (founded 1923 ), and Louis B. Mayer Pictures (founded 1918 ). Louis B. Mayer became head of the study and Irving Thalberg production chief. Their motto is Ars Gratia Artis (art for art’s sake) and its emblem, created in 1928 , is a typical lion . Metro-Goldwyn-Mayer is not affiliated with MGM Mirage , MGM Distribution , MGM Resorts , MGM Grand Garden Arena or with MGM Grand Las Vegas .
The company filed for bankruptcy and began closing on June 30th of 2010 , after failing to pay a debt of 3,500 million U.S. dollars , which meant the end of a career that spanned over 90 years of existence, success and movies like The that the Wind (1939), Singing in the Rain , 2001: A Space Odyssey , The Wizard of Oz (1939) or Ben-Hur (1959). 2 The MGM reported the July 14, 2010 he obtained a new extension to pay some debt of 3,700 million dollars that threatens to bankrupt you. Lenders JP Morgan was awarded the sixth postponement to MGM for the producer to submit a restructuring plan that allows revive the company and avoid its dismantling. Expire in June 2011 a letter higher estimated one billion dollars and by 2012 the debt should be settled, if the deadlines are met. Finally, on 11 November 2010, Metro-Goldwyn-Mayer has filed for bankruptcy, filing for bankruptcy before a Court of Manhattan . Under the protection of U.S. bankruptcy law, MGM will release their heavy debts, amounting to about 4,000 billion for JP Morgan .
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