Metro-Goldwyn-Mayer Studios Inc (abbreviated MGM, also known as Metro-Goldwyn-Mayer Pictures, Metro-Goldwyn-Mayer, or simply Metro) is an American media company, involved primarily in the production and distribution of feature films and television programs.
Once the largest, most glamorous, and most revered film studio, MGM was founded in 1924 when the entertainment entrepreneur Marcus Loew gained control of Metro Pictures, Goldwyn Pictures and Louis B. Mayer Pictures. Its headquarters are in Burbank, California in front of the Disney Studio lot. It is one of the oldest mini-major film studios and a former major film studio.
In 1959, Ben-Hur was released, loosely based on the true story (adapted from Lew Wallace's 1880 novel) and starring Charlton Heston.
In 1971, it was announced that MGM would merge with 20th Century Fox, a plan which never came into fruition. Over the next thirty-nine years, the studio was bought and sold at various points in its history until, on November 3, 2010, MGM filed for Chapter 11 bankruptcy. MGM emerged from bankruptcy on December 20, 2010, at which time the executives of Spyglass Entertainment, Gary Barber and Roger Birnbaum, become co-Chairmen and co-CEOs of the holding company of Metro-Goldwyn-Mayer.