With its $8.45 billion deal to shop for MGM, Amazon will inventory Top Video with the studio’s cache of four,000 motion pictures and 17,000 hours of tv. It’s an enormous library, however significantly absent are a few of MGM’s maximum iconic movies, together with “The Wizard of Oz,” “Singin’ within the Rain,” and “Gone With the Wind.” The ones titles — and all different MGM motion pictures made earlier than 1986 — belong to WarnerMedia.
In 1986, Ted Turner made a chain of offers that ended in Turner Broadcasting taking possession of all prior MGM movies. Now not not like Amazon, he sought after the movies for programming his rising cable empire and the library turned into one of the most pillars that constructed Turner Vintage Motion pictures. Nowadays, WarnerMedia owns each TCM and Turner’s MGM library. Many titles, together with “The Wizard of Ounces,” are to be had to circulate on HBO Max.
Nowadays, the general public is much more likely to chatter about the most recent program that occurs to be floating at the streamers’ sea of top-notch TV presentations. On the other hand, it’s a testomony to the endurance of the ones iconic movies that many shops led the MGM-Amazon information with the concept Amazon can be their new house. A WarnerMedia spokesperson showed to IndieWire that the corporate keeps possession of the ones titles.
MGM’s library has all the time been key to its enchantment. The past due Kirk Kerkorian purchased and bought the studio’s identify and property 3 times over 35 years in a posh collection of offers that helped make him a billionaire. Kerkorian purchased United Artists and its library in 1981 and merged it with MGM. The ones property weren’t a part of the Turner deal and nowadays’s MGM keeps the UA library, with the James Bond catalog as its crown jewel.
After Kerkorian bought the corporate in 1990, he purchased it again for a 3rd and ultimate time in 1996 with a focal point on beefing up the studio’s library. The next yr MGM purchased Metromedia’s Orion Footage, Goldwyn Leisure, and Movement Image Company of The us, basically for his or her 2,000-title library that comes with “The Silence of the Lambs,” “Sid and Nancy,” and “Dumb and Dumber.”
In 1997, MGM purchased PolyGram’s library, which contains “The Graduate” and “Fargo.” At that time, as the Los Angeles Times identified, MGM’s library used to be so huge that it represented greater than part of the Hollywood studio movies produced since 1948.
Former MGM govt Kenneth McCormick recalled a kind of 1990s dealmaking classes to The Wall Street Journal. McCormick mentioned that Kerkorian became to him all the way through negotiations and commented that motion pictures “simply don’t move down in worth. … One thing new comes alongside that you’ll use them once more.”