MGM Holdings
Encyclopedia
Delaware
Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...
-registered pure holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
and the parent company of the American media company Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer Inc. is an American media company, involved primarily in the production and distribution of films and television programs. MGM was founded in 1924 when the entertainment entrepreneur Marcus Loew gained control of Metro Pictures, Goldwyn Pictures Corporation and Louis B. Mayer...
. Through this holding company, the entertainment & investment consortium owned the Hollywood studio. Its headquarters are in the MGM Tower in Century City, Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
.
It was formed on February 11, 2005 and acquired MGM on April 8, 2005. From that period until its emergence from bankruptcy, it was owned by Providence Equity Partners
Providence Equity Partners
Providence Equity Partners is a global private equity investment firm focused on media, entertainment, communications and information investments...
(29%), TPG Capital (formerly Texas Pacific Group) (21%), Sony Corporation of America
Sony Corporation of America
Sony Corporation of America , based in New York, is the United States subsidiary of Japan's Sony Corporation, headquartered in Tokyo. It is the umbrella company under which all Sony companies operate in the United States....
(20%), Comcast
Comcast
Comcast Corporation is the largest cable operator, home Internet service provider, and fourth largest home telephone service provider in the United States, providing cable television, broadband Internet, and telephone service to both residential and commercial customers in 39 states and the...
(20%), DLJ Merchant Banking Partners
DLJ Merchant Banking Partners
DLJ Merchant Banking Partners is a private equity investment firm focused on leveraged buyout transactions. The firm is currently an affiliate of Credit Suisse and traces its roots to Donaldson, Lufkin & Jenrette, the investment bank acquired by Credit Suisse First Boston in 2000...
(7%), and Quadrangle Group
Quadrangle Group
Quadrangle Group is a private investment firm focused on private equity. The firm invests in middle-market companies within the media, communications and information-based sectors....
(3%).
Upon the emergence from Chapter 11, MGM’s secured lenders, including Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
and JPMorgan Chase, exchanged more than $4 billion in debt for most of the equity in MGM, and the consortium's ownership was wiped out. Currently, the lenders own MGM through this holding company. The heads of Spyglass Entertainment
Spyglass Entertainment
Spyglass Entertainment is an American film production company, co-founded by Gary Barber and Roger Birnbaum in 1998. The studio was founded with an investment from European media conglomerates Kirch Group and Mediaset, and a five-year distribution deal with The Walt Disney Company...
manages the studio under consent from the new owners.
List of assets
The company owns MGM Holdings II Inc. which in tern owns Metro-Goldwyn-Mayer Inc. Metro-Goldwyn-Mayer Inc. directly or indirectly (through Metro-Goldwyn-Mayer Studios Inc.) owns and controls the following group companies.Film Production/Distribution and Home Entertainment
- Metro-Goldwyn-Mayer Pictures Inc.Metro-Goldwyn-MayerMetro-Goldwyn-Mayer Inc. is an American media company, involved primarily in the production and distribution of films and television programs. MGM was founded in 1924 when the entertainment entrepreneur Marcus Loew gained control of Metro Pictures, Goldwyn Pictures Corporation and Louis B. Mayer...
- United Artists CorporationUnited ArtistsUnited Artists Corporation is an American film studio. The original studio of that name was founded in 1919 by D. W. Griffith, Charles Chaplin, Mary Pickford and Douglas Fairbanks....
- Orion Pictures CorporationOrion PicturesOrion Pictures Corporation was an American independent production company that produced movies from 1978 until 1998. It was formed in 1978 as a joint venture between Warner Bros. and three former top-level executives of United Artists. Although it was never a large motion picture producer, Orion...
- MGM Home Entertainment Distribution CorporationMGM Home EntertainmentMGM Home Entertainment is the home video and DVD arm of Metro-Goldwyn-Mayer.-History:The home video division of MGM started in 1979 as MGM Home Video, releasing all the movies and TV shows by MGM. In 1980, MGM joined forces with CBS Video Enterprises, the home video division of the CBS television...
Television
- MGM Television Entertainment Inc.MGM TelevisionMetro-Goldwyn-Mayer Television is an American television production/distribution launched in 1955 and a subsidiary of Metro-Goldwyn-Mayer Studios, Inc....
- MGM International Television DistributionMGM Worldwide TelevisionMGM Worldwide Television is the Global operating division of MGM Television formed in 1995, responsible for the production/distribution of MGM's vast television library around the world....
- MGM Networks Inc.MGM NetworksMGM Networks is a subsidiary of Metro-Goldwyn-Mayer Inc. It manages MGM interests in cable television, satellite television, other television channels and services that reach nearly 120 countries and territories....
- MGM Channel (MGM HDMGM HDMGM HD is an all high-definition television channel. It features commercial-free movies from MGM's library of approximately 1,200 movies mastered in a high-definition-compatible format as well as feature films from their library of 4,100 theatrical titles...
) - THIS Network LLCThis TVThis TV is a United States general entertainment television network, with a large emphasis in its programming on movies....
(Joint venture with Weigel BroadcastingWeigel BroadcastingWeigel Broadcasting is an American locally based television broadcasting company. The company is based in downtown Chicago, Illinois, alongside its flagship station WCIU-TV , at the apt address of 26 North Halsted Street in the Greektown neighborhood.- History :The company was founded by Chicago...
) - EpixEpix (TV network)Epix is an American premium television channel that is operated by Studio 3 Partners—a joint venture among Viacom , MGM, and Lionsgate. Viacom handles operational support, including marketing and affiliate services for the service through its MTV Networks division.Epix offers a companion video on...
(Joint venture with ViacomViacomViacom Inc. , short for "Video & Audio Communications", is an American media conglomerate with interests primarily in, but not limited to, cinema and cable television...
& Lions Gate EntertainmentLions Gate EntertainmentLions Gate Entertainment Corporation is a North American entertainment company. The company was formed in Vancouver, British Columbia in 1997, and is headquartered in Santa Monica, California...
)
- MGM Channel (MGM HD
Other assets
- Metro-Goldwyn-Mayer Animation Inc.Metro-Goldwyn-Mayer AnimationMetro-Goldwyn-Mayer Animation, or MGM Animation for short, was the animation division of the Metro-Goldwyn-Mayer motion picture studio in Hollywood, California, USA that specializes in animated productions for theatrical features and television...
- Metro-Goldwyn-Mayer Music Inc.MGM Music-History:In 1986, after Ted Turner sold MGM to Kirk Kerkorian, MGM formed MGM Music for the licensing of music of which MGM owns the rights. Turner kept the MGM film library and rights to the soundtracks. MGM Music focuses on releasing soundtracks...
- MGM On Stage
- MGM Consumer Products
- MGM InteractiveMGM InteractiveMGM Interactive is a national video game publisher owned by Hollywood Studio, MGM.-Games published:...