Hollywood, as they say, would never be the same.
The studio exemplified Hollywood’s golden age. This period planted the seeds of what would become modern-day Hollywood and produced many films that would help define cinema: “The Wizard of Oz,” “Singin’ In The Rain” and “Ben Hur,” which won 11 Academy Awards. It was far and away one of the most successful studios of Hollywood’s early days.
“At one time, MGM was the most prestigious studio in Hollywood,” Leonard Maltin, a film critic and historian, told CNN Business. “It had a glory period that ran for decades.”
Since MGM was a big part of the studio system, which held actors under contract at different studios, it also helped to create some of Hollywood’s most glamorous stars, such as Greta Garbo, Clark Gable and Joan Crawford.
The MGM studio and library – from the James Bond, Rocky and RoboCop films to The Handmaid's Tale, The Voice, Survivor and The Apprentice – have been bought