Amazon MGM Studios
Amazon MGM Studios, formerly Amazon Studios, is an American film and television production and distribution studio owned by Amazon launched in 2010. It took its current name in 2023 following its merger with MGM Holdings, which Amazon had acquired the year prior.
Some of the key events about Amazon MGM Studios
- 1924Founded as Metro-Goldwyn-Mayer Studios, becoming one of Hollywood's most prestigious film studios
- 1924The studio faced financial difficulties and was forced into bankruptcy
- 1939Released "The Wizard of Oz", which became a cultural landmark and iconic film
- 1959Produced "Ben-Hur", which won a record-breaking 11 Academy Awards
- 1962Released "Dr. No", launching the highly successful James Bond film franchise
- 1969The company's Las Vegas hotel-casino caught fire, resulting in significant damage and loss
- 1970The studio experienced a severe decline in film production and box office performance
- 1976Produced "Rocky", which became a massive hit and spawned a long-running franchise
- 1979MGM's Grand Hotel in Las Vegas suffered a devastating fire, causing multiple fatalities
- 1986The company sold its film library to Ted Turner, losing control of many classic titles
- 1987Acquired by Turner Broadcasting System, expanding its media reach
- 1990The studio filed for bankruptcy protection due to massive debt
- 2005Acquired by a consortium led by Sony Corporation of America, bringing new resources to the studio
- 2005MGM was acquired by a consortium led by Sony, resulting in job cuts and restructuring
- 2010Emerged from bankruptcy with a reorganized structure and renewed focus
- 2010The company filed for Chapter 11 bankruptcy protection to restructure its debt
- 2020The COVID-19 pandemic severely impacted MGM's film production and release schedule
- 2021Acquired by Amazon for $8.45 billion, integrating the studio into Amazon's entertainment division
- 2022Announced plans to revive and expand iconic franchises like James Bond and Rocky under Amazon's ownership
- 2022Concerns were raised about potential job losses and cultural changes following Amazon's acquisition of MGM
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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