![]() ![]() In 1991, Turner Entertainment purchased animation studio Hanna-Barbera Productions for US$320 million. Turner made another attempt to buy MGM in 1989, but failed. At this time, Turner's animation library included the MGM cartoon library, the pre-1948 color Looney Tunes and Merrie Melodies shorts, the Harman-Ising Merrie Melodies shorts (except Lady, Play Your Mandolin!), and the Fleischer Studios/Famous Studios Popeye cartoons. On October 3, 1988, its cable channel Turner Network Television was launched and had gained an audience with its extensive film library. However, Turner kept much of MGM's film and television library made prior to May 1986 (as well as some of the United Artists library) and formed Turner Entertainment. However, due to concerns over the debt load of his companies, on October 17, 1986, Turner was forced to sell MGM back to Kerkorian after approximately only 74 days of ownership. On August 4, 1986, Ted Turner's Turner Broadcasting System acquired Metro-Goldwyn-Mayer/United Artists from Kirk Kerkorian. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |