Good to see film buffs hanging around, always great.
MGM/United Artists is perhaps my favorite Hollywood studio. I have kept track of news and information regarding them for years now, and I love reading about their history and trivia.
It is in fact a sad history, one plagued by corporate takeovers, mergers, sales, and just plain old bad leadership. All these problems, compounded with each other, have left MGM/UA to what it is today. It's sad, and it hurts to see a once great studio like this. Like someone said, all they really do is live off of their library (almost all of which is UA's) and off of Bond (and to a lesser extent Stargate).
If you actually look back at the 90s, MGM/UA wasn't really doing all that bad. They had a ton of films come out, some which were pretty, and even some commercially sucessfully ones. I'm not saying that they were doing great, but they were getting along.
The latest buyout really hurt them though, but I was really glad when MGM's board voted to open the studio back up after a year of Sony-led control. Harry Sloan is a smart CEO, and he's already done some good things to get the company back on track, but the road ahead is a long one.
I place a lot of the blame on Kirk Kerkorian---I can't stand people like this who just have millions sitting around and all they do is buy stuff, merge it, disband it, or resell it. Hate it. Ted Turner gets a lot of the blame as well. I think he only had control of the studio for like 70 days or something----what was the point of the purchase---he could not forsee problems that much ahead of time? Course he went out happy plundering the studio's library, and thus providing his new up and coming networks...TNT, TBS, etc. with plenty of stuff to air. Remember the old days when TNT and TBS would give like westerns, epics, and tons of classic movies? Yeah...
alas.
Edited by RivenWinner, 01 December 2007 - 04:34 PM.