Metro-Goldwyn-Mayer

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Gary Barber, co-chair[3]

Metro-Goldwyn-Mayer Inc., or MGM, 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 Pictures.[2][5] On November 3, 2010, MGM filed for Chapter 11 bankruptcy.[6][7][8] However, on December 20, 2010, MGM emerged from bankruptcy and Spyglass partners Gary Barber and Roger Birnbaum became co-Chairs and co-CEOs of the company.

Contents

Overview

The studio's official motto, "Ars Gratia Artis", is a Latin phrase meaning "Art for art's sake".[9][10][11] It was chosen by Howard Dietz, the studio's chief publicist, in 1924.[11][12][13] The studio's logo is a roaring lion surrounded by a ring of film inscribed with the studio's motto. The logo, which features "Leo the Lion", was created by Dietz in 1916 for Goldwyn Pictures and updated in 1924 for MGM's use.[11][14][15] Dietz based the logo on his alma mater's mascot—the Columbia University lion.[11][13][16] Loew regarded its use for the consolidated studio as particularly appropriate, since "Loewe" is German for "lion." Originally silent, the sound of Leo the Lion's roar was added to films for the first time in August 1928.[10] The studio's informal motto is "more stars than there are in heaven", a reference to the large number of A-list movie stars under contract to the company in the 1930s.[15][17] This second motto was also coined by Deitz,[18] and was probably first used in 1932.[19]

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