MGM Studios

Posted on September 30, 2015 by Jessica Kunkel

Created by: Jess Kunkel

MGM Logo

Metro-Goldwyn-Mayer

MGM Studios Inc.
245 N Beverly Dr.
Beverly Hills, CA 90210 [2]

http://www.mgm.com/#

MGM began in the year 1924, when the two companies Goldwyn Pictures and Lewis B. Mayer Productions joined together as one.

[4].

History

MGM studios, fully known as Metro-Goldwyn-Mayer Productions was formed in 1924 when Goldwyn Pictures and Louis B. Mayer Productions combined to become the company we know so well today [5]. The company began strong and only when multiple changes in power happened in the sixties did things begin to get rocky [5]. Including their file for bankruptcy in the year 2010, the company remained a player in the game, often sharing projects with other large media companies similar to themselves to sustain and finance their more recent work efforts [8]. Nevertheless, MGM and its never-failing Lion originally named “Slats” have undeniably created some of the greatest and best acclaimed pictures of all time.

The company was always known for the number of huge stars that it had in its early days, often referred to have “More stars than there are in the heavens”. With an astounding 175 Academy Awards the corporation is responsible for masterpieces such as The Wizard Of Oz (1939), West Side Story (1961), Rocky (1976), Annie Hall (1977), Dances with Wolves (1990), and many more.

MGM Through The Years

[16].

[16].

The Collection

MGM is known to have one of the most extravagant collections of film to date with more than 4,000 titles in their Library.

Executives

[17].

Gary Barber

Chief Executive Officer and Chairman

[18].

Jonathan Glickman

Motion Picture Group, President

[19].

Roma Khanna

Television Group and Digital , President

[20].

Kenneth J. Kay

Chief Financial officer

Financial

[21].

[21].

Although MGM filed for bankruptcy in the year 2010, the picture company has managed to remain. In 2015, MGM has financially had a much more active year than in 2014. Compared to Q1-Q3 of last year, MGM has seen a 246% change in the their cash flow [21]. While in 2014 the cash flow was noted to be at 170.1 (millions) by the end of the third quarter, the cash flow for 2015 had increase to more than double what it was at the same time last year, at a whopping 417.9 [21].

Since 2013 MGM has dropped 9% in their third quarter revenue, with it marked at 96% in 2014 with proceeds of 233.5 (in millions), and then down even further to 91% in 2015 with revenue noted at 212.1 (in millions) [21]. However Metro-Goldwyn-Mayer’s Net income was on the upswing this third quarter. Compared to the increase of 172% from Quarter 3 in 2013-2014 with net income rising from $16.6 million to $28.6 million the third quarter took an even larger leap in 2015 [21]. With their third quarter net income rising from $28.6 million to $124 million MGM saw a 434% change from the previous year, a very positive sign for the business of MGM [2 1].

Metro-Goldwyn-Mayer Today

Today MGM focuses most of their work on producing and distributing television and film around the world [3]. Their main focus as of late it to keep creating new content, and to keep acquiring new scripts to produce, and or often is the case Co-produce, as well as to distribute.[23]. MGM is also making new deals to further distribute their films with businesses such as Tubi TV [51].

Recent Releases

MV5BODg5NDM1MDI4NF5BMl5BanBnXkFtZTgwMzg0MzQxNzE@._V1_SX214_AL_

[27].

Creed

On November 25th, 2015 MGM, partnered with Warner Brothers Studios released the film Creed (2015). The picture is a continuation of the extremely popular Rocky film series. Directed by Ryan Coogler, the sports drama made $29.6 Million in its opening weekend and was able to snag the 10th largest opening of all time [26]. In its first week, the film has already made $42 million, surpassing its budget which is noted to be at around $35 Million [26]. Creed (2015) will continue to be released around the world until early March 2016.

As the seventh film in the Rocky series (1976), the film endeared many a Rocky fan to watch. Throughout the opening weekend it played for a 66% male crowd, and 62% being over twenty-five, and 26% aging from 35-49 years old [27]. Creed is said to have the potential for an oscar running, delightful news for the young director Coogler, and yet another Academy Award for MGM.

[50].

MV5BMjM2Nzg4MzkwOF5BMl5BanBnXkFtZTgwNzA0OTE3NjE@._V1_SX214_AL_

[28].

Spectre

Only slightly earlier in the year on November 6th of 2015 MGM studio’s, partnered with Sony Pictures released the highly anticipated film Spectre (2015) [28]. Categorized as an action – adventure – thriller, the film is a continuation of the James Bond 007 franchise [28]. Spectre was directed by Sam Mendes and starred Daniel Craig as James Bond. The film took in $70.4 million in it’s domestic opening weekend at the box office, putting Spectre in the spot as the second highest debut weekend revenue for a Bond film, falling behind Skyfall (2012) and yet slightly ahead of Quantum of Solace (2008) [30]. Having only been out a few weeks, the domestic revenue is totaled at $176.8 million as of November 30th [30]. With the Bond Franchise acquiring so many fans across the world most of the revenue is expected to come from the foreign releases of the film, from which it has already made 76.4% of it’s total revenue at $575.3 million [30]. With it’s budget at around $245 Million, the total worldwide revenue of $750 million thus far puts MGM in a very good place moving into the weeks to come [30].

[51].

Things to Come

Being such a company, with a history of so many monumental films Metro-Goldwyn-Mayer is hoping to continue the legacy of the company’s name, looking towards the future with many new films to come having 39 titles currently in development [33].

To Name a few

[48].

Me Before you : A film based off of an acclaimed novel is expected to debut in March of 2016 [33]. The story entails a small town girl and her unlikely paralyzed friend to whom she tends, with the screenplay also being written by Jojo Moyes,the very author of the novel that originated the story [32]. The film is to be directed by Thea Sharrock, and will star Emilia Clarke, Sam Claflin, Jenna Coleman.

[40].

Ben Hur: Currently in development at MGM is the remake of the original1959 film Ben Hur . Set to debut in August of 2016, the film, directed by Timur Bekmambetov is currently in post production. Starring Jack Huston, the film tells the tale of “A falsely accused nobleman survives years of slavery to take vengeance on his best friend who betrayed him.” [40].

[42].

Going In Style: Yet another film set to debut in 2016 for MGM studios is Going in Style (2016). The film is a comedy about three retired men who plan to rob a bank, and its cast is loaded with stars including Joey King, Morgan Freeman, and Michael Caine [42]. The movie is a remake of the 1979 original, and is to be directed by Zach Braff.

Other upcoming titles include: The Magnificent Seven (2016), Barbershop: The Next Cut (2016), The Belko Experiment (2016), A Movie Life (2016) just to name a few and many more [33]!

Overview

While the company has not fully recovered from it’s low point in 2010, executives remain confident in the strides that the company is making. While Metro-Goldwyn-Mayer is also exploring the realms of new types of media in other ways, the company is continuing it’s legacy of film and attempting to renew MGM back to it’s great esteem starting with more products being created by the company [3].

[1].

Sources

[1]. MGM Lion Logo. Metro-Goldwyn-Mayer Bing Image search. Retrieved: November 29th, 2015

[2]. MGM Studios Contact Us. MGM Studios. Retrieved: November 20th, 2015.

[3]. MGM Studios Corporate. MGM Studios. Retrieved: November 20th, 2015.

[4].MGM Old Logo Still. Youtube Slats the Lion. Retrieved: November 29th, 2015.

[5]. MGM Studios Corporate History. MGM Studios. Retrieved: October 3rd, 2015

[6]. The Life and Times of the MGM Lion. Mental Floss. Retrieved: November 20th, 2015.

[7]. MGM stunning roster. Seeing Stars. Retrieved: November 20th, 2015.

[8]. MGM Files For Bankruptcy. New York Times. Retrieved: November 21st, 2015.

[9]. Academy Awards. Film Site. Retrieved: November 21st, 2015.

[10]. The Wizard of Oz. IMDb. Retrieved: November 21st, 2015.

[11]. West Side Story. IMDb. Retrieved: November 21st, 2015.

[12]. Rocky (1976). IMDb. Retrieved: November 21st, 2015.

[13]. Annie Hall (1977). IMDb. Retrieved: November 21st, 2015.

[14]. Dances With Wolves (1990). IMDb. Retrieved: November 21st, 2015.

[15]. MGM 90th Anniversary. Youtube. Retrieved: November 21st, 2015.

[16]. MGM Film Collection. Park Circus. Retrieved: November 21st, 2015.

[17]. Gary Barber. MGM Studios. Retrieved: November 21st, 2015.

[18]. Johnathan Glickman. MGM Studios. Retrieved: November 21st, 2015.

[19]. Rhoma Khanna. MGM Studios. Retrieved: November 21st, 2015.

[20]. Kenneth J. Kay. MGM Studios. Retrieved: November 21st, 2015.

[21]. Investor Relations Financial Reports. MGM Studios. Retrieved: November 21st, 2015.

[22]. Cash Flow. Investopedia. Retrieved: November 21st, 2015.

[23]. Working At MGM Studios. Glass Door. Retrieved: November 21st, 2015

[24]. Creed Official Site. Creedthemovie.Retrieved: November 21st, 2015.

[25]. Ryan Coogler. IMDb. Retrieved: November 21st, 2015.

[26]. Creed (2015). IMDb. Retrieved: November 21st, 2015.

[27]. Creed Box Office. Forbes. Retrieved: November 21st, 2015.

[28]. Spectre (2015). IMDb. Retrieved: November 21st, 2015.

[29]. The Official James Bond Site. 007. Retrieved: November 21st, 2015.

[30]. Spectre box office numbers. Box Office Mojo. Retrieved: November 21st, 2015.

[31]. Pro Spectre (2015). IMDb Pro. Retrieved: November 21st, 2015.

[32]. Me Bofore You (2016). IMDb. Retrieved: November 21st, 2015.

[33] MGM Pro Projects in Development. IMDb. Retrieved: November 21st, 2015.

[34]. Thea Sharrock. IMDb. Retrieved: November 21st, 2015.

[35]. Emilia Clarke. IMDb. Retrieved: November 21st, 2015.

[36]. Jenna Coleman. IMDb. Retrieved: November 21st, 2015.

[37]. Sam Claflin. IMDb. Retrieved: November 21st, 2015.

[38]. Ben Hur (1959). IMDb. Retrieved: November 21st, 2015.

[39]. Timur Bekmambetov. IMDb. Retrieved: November 21st, 2015.

[40]. Ben Hur (2016). IMDb. Retrieved: November 21st, 2015.

[41]. Jack Huston. IMDb. Retrieved: November 21st, 2015.

[42]. Going In Style (2016). IMDb. Retrieved: November 21st, 2015.

[43]. Joey King. IMDb. Retrieved: November 26th, 2015.

[44]. Morgan Freeman.IMDb. Retrieved: November 26th, 2015.

[45]. Michael Caince. IMDb. Retrieved: November 26th, 2015.

[46]. Going in style Original (1979). IMDb. Retrieved: November 26th, 2015.

[47]. Zach Braff. IMDb. Retrieved: November 26th, 2015.

[48]. Me Before You Official Site. Jojo Moyes. Retrieved: November 27th, 2015.

[49]. Rocky (1976). IMDb.Retrieved: November 27th, 2015.

[50]. Creed Official Trailer. Youtube-Warner Brothers.Retrieved: November 28th, 2015.

[51]. Spectre Official Trailer. Youtube- Zero Media. Retrieved: November 28th, 2015.

[52]. MGM & Lionsgate Tubi tv Deal. Deadline. Lieberman, David. November 19th, 2015. Retrieved: November 21st, 2015..

MGM

Posted on October 5, 2014 by jnmonfre

by Joanna Monfreda

Metro Goldwyn Mayer [1]

Contact Information

MGM Studios Inc.
245 N Beverly Dr.
Beverly Hills, CA 90210

Key Executives

Gary Barber
Chairman and CEO

[2]

Jonathan Glickman
President, Motion Picture Group

[3]

Roma Khanna
President, Television Group and Digital

[4]

Profile

History

Alfred Hitchcock serving MGM mascot Leo the Lion tea [5]

In 1924 Metro Pictures Corp., Goldwyn Pictures, and Louis B. Mayer merged to form Metro-Goldwyn-Mayer, a company that would go on to win 200 Academy Awards and uphold itself to an outstanding level of cinema creation. Known for films such as The Wizard of Oz, Gone with the Wind, and hundreds more, the film production company paved its way during the beginning days of cinema as the leading studio in the business. [I] Through their peak from the 1930s to the 1950s MGM had many contracted actors such as Frank Sinatra, Fred Astaire, Elizabeth Taylor, and Lucille Ball. [II] Through the 1960s and 1970s, MGM studio was less successful than it had been in the golden age. In the hands of Kirk Kerkorian, many of the studio’s prized props, historical lots, and other possessions were sold. He then put most of the company’s money towards the construction of the MGM Grand Hotel in Las Vegas. [III] The studio’s downhill spiral continued into bankruptcy in 2010 where the company was in 4 billion dollars of debt and desperately needed an overhaul. Since then MGM has slowly been working on building itself back up. [IV]

Finances

MGM Holdings Inc. made $233.5 million dollars in revenue in their third quarter ending in September 2014. The quarter included the months of July, August and September. The company saw $6.5 million dollars from theatrical revenue in these three months, which came from the release of Hercules in areas where MGM controls distribution.

[6]

Their worldwide home entertainment revenue was $41.7 million. This was impacted by the home distribution release of The Hobbit: The Desolation of Smaug and RoboCop.

[14]

Another $150.6 million came from worldwide television licensing this quarter. This revenue came from not only the licensing of Teen Wolf, Fargo, and Viking, but from the television licensing of Hobbit: An Unexpected Journey and their horror film, Carrie. This is less than the company’s third quarter in 2013, but that is due to how much of an impact Skyfall had on the company’s revenue last year. [V]

What’s Happening Now

Orion Pictures was obtained by MGM in 1997. The studio was responsible for some of the most famous films through the 80s and 90s such as Terminator, The Silence of the Lambs, and Dances with Wolves.

[8]

After declaring bankruptcy and being acquired by MGM, the studio did not see much success. It wasn’t until this past October, that MGM released a film through the small studio.

[7]

A remake of the horror film The Town That Dreaded Sundown was released by Orion Pictures on October 16th, 2014. [VI] There hasn’t been talk of MGM pushing Orion Pictures to be a stand-alone studio, but they do have their hands in other future film distribution deals. [VI][VII]

Along with Orion Pictures, MGM is also rebuilding United Artists. This September MGM spent $343.8 million dollars on a 55% ownership in a joint venture with Roma Downey, Mark Burnett, and Hearst Entertainment’s Steven Swartz to create United Artists Media Group. This merge includes Downey and Burnett’s production companies LightWorkers Media and One Three Media. MGM originally purchased United Artists in 1981, and since then the studio has gone through many different hands.

[9]

LightWorkers Media and One Three Media are responsible for shows such as The Voice, Survivor, The Celebrity Apprentice, The Bible and Shark Tank. United Artists Media Group is now leaning towards producing more faith based content and will be launching a faith focused, subscription channel called “Over The Top” or OTT. The channel will have new and old faith focused programming including Christian music videos, and both film and television content. [VIII] The executives saw success from their spiritual driven content such as The Bible and Son of God. They seek to target audiences interested in faith and family content because their ratings have shown there is a market for it. [IX] While the MGM works to put together a team to bring OTT to life, they are also looking into other film and digital media ventures as well. [X]

[12]

MGM collaborated with Warner Brothers on If I Stay a film based on the popular, young-adult novel written by Gayle Forman. The film was made with an 11 million dollar budget, and directed by R.J. Cutler. It was released on August 22th, 2014 of this year, and closed on November 6th, 2014. Its eleven-week run grossed 78.3 million dollars worldwide. [XI]

What’s to Come

On December 17th, 2014 the last film of The Hobbit series The Hobbit: The Battle of the Five Armies will be released. The Hobbit: An Unexpected Journey grossed over one billion dollars worldwide, while its sequel, The Hobbit: The Desolation of Smaug grossed 958.4 million dollars worldwide. [XII][XIII]

[10]

With such a large fan base, there are high expectations for the amount of money the ending film of the trilogy will bring the studio. [XIV]

ABC has just announced a spin off of Shark Tank that will be produced by MGM’s United Artists Media Group and Sony Picture Television called Beyond the Tank.

[11]

It will be a series documenting past contestants current success and business state after being on the show. The network has called for 10 one-hour episodes, but has not released a premiere date. [XV]

On November 27th, 2014 NBC released their first trailer for A.D.: Beyond the Bible produced by MGM’s United Artists Media Group. Roma Downey and Mark Burnett will be the show’s executive producers.

[13]

The mini-series is scheduled to premiere on April 5th, 2015, which is Easter Sunday. It is a sequel to The Bible, and begins at the crucifixion and resurrection of Jesus Christ. The series continues the story of the creation of the Christian faith. [XVI]

The company already has two films are scheduled to be released in 2015. The first, Hot Tub Time Machine 2, will be produced in collaboration with Paramount Pictures. The sequel’s theatrical release is directed by Steve Pink, and will be February 20th, 2015. [XVII] The second, in collaboration with 20th Century Fox, will be a remake of the 1982 horror film Poltergeist. It’s directed by Gil Kenan, and its release date is October 26th, 2015. [XVIII]

[I] MGM History mgm.com. Retrieved 24 November 2014.
[II] The Historic MGM Studios seeing-stars.com. Retrieved 24 November 2014.
[III] MGM Again: 87 Years of Metro-Goldwyn-Mayer Studio History moviefanfare.com. Retrieved 24 November 2014.
[IV] MGM Files for Bankruptcy Protection nytimes.com. Retrieved 24 November 2014.
[V] MGM Third Quarter Financial Report mgm.com. Retrieved 25 November 2014.
[VI] Iconic Film Company Orion Pictures Returns After 15 Years slashfilm.com. Retrieved 26 November 2014
[VII] MGM Quietly Revives Orion Pictures deadline.com. Retrieved 26 November 2014.
[VIII] MGM, LightWorkers Media and One Three Media Merge mgm.com. Retrieved 28 November 2014.
[IX] Mark Burnett: MGM Deal Will Drive Faith and Family Channel variety.com. Retrieved 28 November 2014.
[X] Creation of the United Artists Media Group deadline.com. Retrieved 26 November 2014.
[XI] If I Stay Box Office Results boxofficemojo.com. Retrieved 28 November 2014.
[XII] The Hobbit: an Unexpected Journey Box Office Results boxofficemojo.com. Retrieved 28 November 2014.
[XIII] The Hobbit: The Desolation of Smaug Box Office Results boxofficemojo.com. Retrieved 28 November 2014.
[XIV] The Hobbit: The Battle of the Five Armies Trailer Release variety.com. Retrieved 28 November 2014.
[XV] Inspired by the success of “Shark Tank” ABC Announces Launch of “Beyond the Tank” mgm.com. Retrieved 28 November 2014.
[XVI] NBC’s “A.D.” Trailer Promo Released: Riveting Portrayal of Passion of Christ christiantimes.com. Retrieved 28 November 2014.
[XVII] Details of Hot Tub Time Machine 2 ropeofsilicon.com. Retrieved 28 November 2014.
[XVIII] Details of Poltergeist Remake ropeofsilicon.com. Retrieved 28 November 2014.

[1] MGM logo mgmlogo.jpg. Retrieved 24 November 2014.
[2] Gary Barber socialregister.co.uk. Retrieved 24 November 2014.
[3] Jonathan Glickman socialregister.co.uk.com. Retrieved 24 November 2014.
[4] Roma Khanna deadline.com. Retrieved 24 November 2014.
[5] Alfred Hitchcock Serving Leo the Lion instagram.com. Retrieved 24 November 2014.
[6] Hercules imdb.com. Retrieved 25 November 2014.
[7] The Town that Dreaded Sundown imdb.com. Retrieved 26 November 2014.
[8] Orion Pictures manlymovie.net. Retrieved 26 November 2014.
[9] United Artist Media Group insidetv.ew.com. Retrieved 26 November 2014.
[10] Hobbit: The Battle of Five Armies imdb.com. Retrieved 28 November 2014.
[11] Shark Tank imdb.com. Retrieved 28 November 2014.
[12] If I Stay imdb.com. Retrieved 28 November 2014.
[13] A.D.: Beyond the Bible comingsoon.net. Retrieved 28 November 2014.
[14] RoboCop imdb.com. Retrieved 26 November 2014.

MGM

Posted on April 11, 2014 by Jillian Davis

By Jillian Davis

[1]

MGM Studios Inc.
245 N Beverly Dr.
Beverly Hills, CA 90210 [16]

Overview [2]

Metro-Goldwyn-Mayer is an American film production and distribution company. It also makes and distributes content for television. MGM has long been considered one of the most glamorous film production companies, winning over 200 Oscars since it was founded, and contributing to the Golden Age of Hollywood bragging that it had, “more stars than there are in the heavens.” As of April 2014, MGM has been celebrating its 90th year as a company with DVD and digital release promotions of its most popular film releases. The company has taken on a major role in the global market for making and distributing films and television.

Brief History [3]

MGM began in 1924 as the consolidation of Metro Pictures Corporation, Goldwyn Pictures, and Louis B. Mayer Productions at the hands of Marcus Loew; who never lived to see the glittering company of stars that later unfolded. Over the past ninety years, MGM has roped in hundreds of Oscars, including Best Picture awards like Gone With the Wind, Midnight Cowboy, West Side Story, and The Silence of the Lambs.
MGM was one of the first film companies formed in Hollywood when motion pictures became a lucrative business, and for about thirty straight years, it was the most dominating, dazzling force in Tinsel Town. The famous Leo the Lion logo has always been the face of MGM, and the emblem received its roaring sound in August of 1928 [8].

Executives

Gary Barber– Chairman and Chief Executive Officer [4]

Ken Schapiro– Chief Strategic Officer [5]

Jonathan Glickman– President, Motion Picture Group [6]

Dene B. Stratton– Chief Financial Officer [7]

Financials [9] [13] [25]

Poster of Skyfall, the most financially successful Bond film, helped bring MGM out of debt. [10]

MGM is a privately owned company. Although the company’s numbers are stable at the moment, MGM has suffered during the transition of the Digital Age in film distribution. It had to declare Chapter 11 bankruptcy in 2010 after digitalizing many of its most popular films, and putting them on iTunes. The company acquired too much debt to pay off, so companies like Spyglass Entertainment and Lions Gate stepped in to alleviate the financial burden. MGM’s debt was also a result of its lack of DVD sales. MGM had a revenue of $464 million last quarter, which is down from $903 million the previous year (a 49% drop). The company is currently making its way out of debt, trying to mirror the successes of films like Skyfall, The Girl with the Dragon Tattoo, Red Dawn, and Cabin in the Woods. While MGM is currently a privately owned company, it intends to be publicly traded once it buys up Investor Carl Icahn’s $590 million shares of the company.

Current Projects…

Fargo airs on FX every Tuesday at 10pm. [12]

…in television

Fargo (television series): the premier of Fargo on FX this year marked a prosperous project for MGM Television. The series is based off of the Coen Brothers’ classic 1996 dark comedy film about a no-good drifter that rolls into a small town in Minnesota and negatively influences the innocent town. The first season is so far very successful, earning a positive rating of 9.4 out of 10 on IMDb [11]. Starring Billy Bob Thornton, Allison Tolman, Colin Hanks, and Martin Freeman, this series began on April 15, 2014 and is keeping the original creators (the Coen Brothers) on as executive producers. The series is being produced alongside FX Productions.

RoboCop is a remake of the 1987 film that eventually became a successful franchise. [14]

…in Film

Robocop: this remake of the 1987 science fiction action film stars Joel Kinnaman, Gary Oldman, Michael Keaton, and Samuel L. Jackson. The film is set in 2028 Detroit, and is about a top-notch cop, husband, and father who is brutally injured in a car bombing incident. The only way he can survive is by fusing his body with a computer-generated robot body suit that makes him an efficient investigating and killing machine for the corporation that built the suit. He must find a balance between the computer that he’s become, and the human soul deep inside of himself. The film has so far exceeded its budget, but is proving to be a bust for film ratings, receiving a 48% on Rotten Tomatoes [15]. The film is being produced alongside Columbia Pictures.

The Hobbit: The Desolation of Smaug became a successful blockbuster release, and is now out on blu ray. [17]

…in digital release

The Hobbit: The Desolation of Smaug was a blockbuster success during the holiday season of 2013. Starring Ian McKellen, Martin Freeman, and Richard Armitage, this film is the second in a three part trilogy for the franchise of The Lord of the Rings.
Hobbit Bilbo Baggins and his team of other magical friends from Middle Kingdom go on an adventure to save the land from Smaug, while discovering the power of a mysterious yet magical ring. The film franchise has proved to be a major success since it began, and continues the financial prosperity on high-tech mediums such as blu ray, 3D, and digital quality [18] [19]. The film was distributed alongside Warner Brothers Entertainment.

What’s Next

22 Jump Street is the sequel to the popular film from 2012 “21 Jump Street” [20]

22 Jump Street is set to be released on June 13, 2014. Starring Channing Tatum and Jonah Hill, this will be the sequel to the smash hit 21 Jump Street, which was based off of the 1987-1991 television show. The film will be about sending two low level cops undercover at a local college to find the source of a major drug deal. This film is not yet rated. [21][22] This film will be distributed alongside Columbia Pictures.

If I Stay comes out August 22, 2014 and is based off of the book by Gayl Forman. [23]

If I Stay is an upcoming drama film about a gifted young cellist who has to make the most difficult decision of her life: attend Julliard and follow her dreams, or stay with the love of her life. Her decision gets even more difficult when she and hew family are in a car accident and her very life hangs in the balance, and she must decide whether to live a difficult life, or not live at all. The film stars Chloe Grace Moretz, Mireille Enos, and Jamie Blackley, and is set to be released August 22, 2014. [24] This film will be distributed alongside Warner Brothers Entertainment.

Sources

[1] MGM logo http://movies.wikia.com/wiki/Leo_the_Lion_%28MGM%29– accessed 4/14/14

[2] MGM overview http://mgm.com/#/about/mgm-history– accessed 4/14/14

[3] MGM brief history http://mgm.com/#/about/mgm-history– accessed 4/15/14

[4] Gary Barber Image http://www3.pictures.zimbio.com/gi/Gary+Barber+National+Multiple+Sclerosis+Society+-tV_OXFJT_il.jpg– accessed 4/15/14

[5] Ken Schapiro image http://latimesblogs.latimes.com/entertainmentnewsbuzz/2011/02/new-mgm-taps-ken-schapiro-as-chief-operating-officer.html– accessed 4/15/14

[6] Jonathan Glickman image http://voices.washingtonpost.com/reliable-source/2011/02/dc_native_jonathan_glickman_da.html– accessed 4/15/14

[7] Dene B. Stratton image http://www.hollywoodreporter.com/news/mgm-names-dene-b-stratton-237849– accessed 4/15/14

[8] Leo the Lion sound http://movies.wikia.com/wiki/Leo_the_Lion_%28MGM%29– accessed 4/15/14

[9] MGM financial information http://en.wikipedia.org/wiki/Metro-Goldwyn-Mayer#Consortium_ownership_and_financial_troubles– accessed 4/15/14

[10] Skyfall image http://insidepulse.com/2012/09/17/daniel-craig-stars-in-new-skyfall-poster/– accessed 4/15/14

[11] Fargo information http://www.imdb.com/title/tt2802850/– accessed 4/19/14

[12] Fargo image http://www.fxnetworks.com/fargo– accessed 4/19/14

[13] MGM financial information http://en.wikipedia.org/wiki/Metro-Goldwyn-Mayer#Post-bankruptcy– accessed 4/19/14

[14] RoboCop image http://www.mirror.co.uk/tv/tv-news/robocop-poster-shows-joel-kinnaman-2691724– accessed 4/19/14

[15] RoboCop information http://www.rottentomatoes.com/m/1200731-robocop/– accessed 4/19/14

[16] MGM address http://www.mgm.com/#/about/contactus– accessed 4/15/14

[17] The Hobbit image http://images3.static-bluray.com/movies/covers/24829_front.jpg– accessed 4/20/14

[18] The Hobbit information http://www.imdb.com/title/tt1170358/– accessed 4/20/14

[19] The Hobbit information (more) http://mgm.com/#/our-titles/2949/The-Hobbit:-The-Desolation-of-Smaug– accessed 4/20/14

[20] 22 Jump Street image http://cdn.fansided.com/wp-content/blogs.dir/229/files/2014/01/22-Jump-Street-Poster.jpg– accessed 4/20/14

[21] 22 Jump Street information http://www.imdb.com/title/tt2294449/– accessed 4/20/14

[22] 22 Jump Street information (more) http://en.wikipedia.org/wiki/22_Jump_Street– accessed 4/20/14

[23] If I Stay image http://24.media.tumblr.com/bcf5e3d0a80a258f9db59f8dde77b49c/tumblr_mvmmqs02OM1r287ebo1_500.jpg– accessed 4/20/14

[24] If I Stay information http://www.imdb.com/title/tt1355630/– accessed 4/20/14

[25] MGM financial information http://www.latimes.com/entertainment/envelope/cotown/la-et-mgm-posts-net-income-of-12-million-in-fourth-quarter-20140326,0,4027940.story#axzz2zU6f10Ab– accessed 4/21/14

MGM

Posted on November 13, 2013 by Trevor Heckendorn

By Trevor Heckendorn

Key Executives [1]

Gary Barber Chairman and Chief Executive Officer

Ken Schapiro Chief Operating Officer

Jonathan Glickman President, Motion Picture Group

History

Metro-Goldwyn-Mayer (MGM) was founded in 1924 after entrepreneur Marcus Loew bought three separate production companies, Metro Pictures, Goldwyn Pictures Corporation, and Louis B. Mayer Pictures, and made them one. MGM soon became a powerhouse in the entertainment industry, producing some of the biggest hits of the 1930s and 40s, like Gone with the Wind, and The Wizard of Oz. However, MGM’s controlling grip on the world of cinema would begin slipping, and by 2010, they filed for Chapter 11 bankruptcy. They would emerge from bankruptcy a few months later, under new leadership from Spyglass Entertainment partner, Gary Barber. MGM films have won an astounding 175 Academy Awards, including 14 Best Picture winners. [2] [3]

Financial Information

MGM has had a rocky past when it comes to financial stability. Despite filing for bankruptcy just a few years ago, they now seem to be positioned incredibly well for the future. Although MGM creates entertainment for the public, the company is still private, and so are their financial records. Also, since their rise from bankruptcy, MGM has yet to produce a movie on their own, and frequently partner with Columbia Pictures. However, looking over some of MGM’s recent productions (or co-productions), their revenue stream seems to be better than ever. Under new leadership, MGM has begun relying heavily on sequels, a generally safe move in the film industry. In 2012, MGM co-produced two films that grossed over $1,000,000,000, both of which have future sequels already planned. [4]

Recent Releases

Skyfall (2012) Distribution; co-produced with United Artist, Columbia Pictures, and Eon Productions Budget: $150-200 Million Gross: $1.1 Billion [5]

Daniel Craig returned as James Bond for the 23rd installment of the 007 series, the highest-grossing film franchise of all-time. Directed by Oscar-winner Sam Mendes, Skyfall surprised both critics and fans with its writing and breathtaking cinematography. It also became the highest grossing of the 23 James Bond movies, grossing over $1 billion. Skyfall would go on to be nominated for 5 Academy Awards, winning for Best Sound Mixing and Best Original Song (Skyfall by Adele). Daniel Craig has signed on for three more James Bond movies, with the 24th installment planned to be released November 2015. [6]

The Hobbit: An Unexpected Journey (2012) Co-Production with New Line Cinema, Warner Bros., and WingNut Films Budget: $200-315 Million Gross: $1.02 Billion [7]

J.R.R. Tolkein’s novels of epic adventures through Middle Earth continue to be blockbuster film adaptations, with this prequel to the Lord of the Rings series. It followed in the financial footsteps of its predecessors, generating over $1,000,000,000 in revenue, as all three of the Lord of the Rings movies have. Peter Jackson returned as director for The Hobbit: An Unexpected Journey, and plans to complete a Hobbit trilogy, with releases in 2013 and 2014. The Hobbit was nominated for three Academy Awards: Best Visual Effects, Best Makeup and Hairstyling, and Best Production Design. However, The Hobbit may have been most newsworthy for its incredible budget, rumored to be upwards of $315 million, which would make it the largest budget of any film in history. The film was also a technological feat, utilizing CGI and 3D technologies in ways that hadn’t been seen before. The film was shot at 48 frames per second, making it the first wide release feature film to do so. [8]

G.I. Joe: Retaliation (2013) Co-Production with Hasbro, Paramount Pictures, di Bonaventura Pictures, and Skydance Productions Budget: $130 Million Gross: $372 Million [9]

In 2013, MGM continued their reliance on sequels with the second installment in the G.I. Joe franchise, G.I. Joe: Retaliation, starring Dwayne “The Rock” Johnson, Bruce Willis, and Channing Tatum. This star-studded action flick hauled in over $372 million dollars at the box office, a rare feat for a March release. Plans for a third installment of the series have been recently confirmed, with Jon Chu returning to direct. [10]

Carrie (2013) Distribution; Co-Production with Screen Gems Budget: $30 Million Gross: $53 Million [11]

MGM and Screen Gems tried their hand at making Stephen King’s 1974 into a feature film (for the third time) this October, with the release of Carrie. This horror film features Chloe Grace Moretz in the title role, with support from Emmy-winner Julianne Moore. This film seemed to be a safer investment for MGM, with the budget being only $30 million. That investment has already been made back, as Carrie continuing its theatrical run. [12]

Upcoming Releases

The Hobbit: The Desolation of Smaug (December 13, 2013) Co-Production with New Line Cinema, Warner Bros., and WingNut Films

The incredibly successful Lord of the Rings franchise adds another film this December, with the second installment in the Hobbit series being released internationally on December 13th. Peter Jackson is back to direct and write the screenplay, based on J.R.R. Tolkein’s novel, The Hobbit. Sir Ian McKellan, Martin Freeman, and company reprise their legendary roles, as The Hobbit: The Desolation of Smaug prepares to repeat the box office and critical success of the first film. Just as Peter Jackson did with the Lord of the Rings series, all three Hobbit films will be produced back-to-back, with the third installment, The Hobbit: There and Back Again, already planned for a December 2014 release. [13]

Robocop (Feburary 12, 2014) Distribution; Co-Production with Strike Entertainment and Columbia Pictures

RoboCop Poster - P 2013

Robocop makes his return to the big screen in Feburary 2014, starring Joel Kinnaman in the title role. This science fiction thriller is a remake of the original 1987 film of the same name. Other featured actors include Gary Oldman, Michael Keaton, and Samuel L. Jackson. With a budget rumored to be over $120 million, MGM and Columbia Pictures are counting on audiences new and old to flock to this potential blockbuster. [14]

22 Jump Street (June 13, 2014) Co-Production with Relativity Media, Columbia Pictures, and Original Film

Following the surprise success of 21 Jump Street in March of 2012, MGM and Columbia Pictures have begun production on the sequel, 22 Jump Street. This comedy film features Jonah Hill and Channing Tatum reprising their roles as undercover cops, this time going undercover at a local college. The first film grossed over $200 million at the box office, and MGM can expect the sequel to do just as well. [15]

Future of MGM

Since their emergence from bankruptcy, MGM has been making safe investments, financing mostly adaptions and sequels. Additional movies slated for 2014 releases include a sequel to Hot Tub Time Machine, and an adaption of the graphic novel Hercules: The Thracian Wars. As MGM beings its return to being the powerhouse it once was, we may being to see more original productions, but for now, they have no reason to change their business strategy, as it is paying off quite well.

Sources

[1] MGM.com – MGM Today

[2] MGM.com – History

[3] Global Times – MGM restructuring becomes effective, new owners step in

[4] IMDb – MGM

[5] Box Office Mojo – Skyfall

[6] IMDb – Skyfall

[7] Box Office Mojo – The Hobbit: An Unexpected Journey

[8] IMDb – The Hobbit: An Unexpected Journey

[9] Box Office Mojo – G.I. Joe Retaliation

[10] IMDb – G.I. Joe Retaliation

[11] Box Office Mojo – Carrie

[12] IMDb – Carrie

[13] IMDb – The Hobbit: The Desolation of Smaug

[14] IMDb – RoboCop

[15] IMDb – 22 Jump Street

Picture Sources

MGM Logo (courtesy of wikia.com)

Gary Barber (courtesy of MGM.com)

Ken Schapiro (courtesy of MGM.com)

Jonathan Glickman (courtesy of MGM.com)

Skyfall (courtesy of Forbes.com)

The Hobbit: An Unexpected Journey (courtesy of venganzamedia.com)

G.I. Joe: Retaliation (courtesy of propagandistmag.com)

Carrie (courtesy of fansshare.com)

The Hobbit: Desolation of Smaug (courtesy of comicbookresources.com)

RoboCop (courtesy of hollywoodreporter.com)

22 Jump Street (courtesy of collider.com)

MGM

Posted on April 8, 2013 by Lyndsey Lombard

by Lyndsey Lombard

Image courtesy of articles.latimes.com

10250 Constellation Blvd. Los Angeles, CA 90067 310.449.3000 / www.mgm.com

A Brief History

MGM (Metro-Goldwyn-Mayer) Studios is an American media and entertainment company that produces and distributes films and television programs. It was founded in April 1924 and has been producing classic films since then such as “Rocky,” “West Side Story,” and “The Wizard of Oz.” While the company has not been producing as many movies independently after coming back from bankruptcy in 2010, it still is responsible for distributing many recent popular films [1]. MGM currently has a distribution deal with Sony Pictures Entertainment, which allowed it to distribute the most recent Bond movie, “Skyfall” [2]. Some of the current films MGM has co-produced are “The Hobbit,” “21 Jump Street,” and “Hansel and Gretel.”

Key Figures

Image courtesy of aceshowbiz.com

Gary Barber is Chairman and CEO of MGM, Inc. and has held this position since October 2012. Previously, he served as Co-Chariman and CEO since December 2010 alongside Roger Birnbaum. Barber and Birbaum founded Spyglass Entertainment together in 1998 [3]. With Barber’s help, MGM has been able to make a strong comeback after declaring bankruptcy in 2010.

Image courtesy of latimesblogs.latimes.com

Ken Schapiro took on the title of Chief Operating Officer in February 2011. He was previously the co-founder of the private investment management company, Qualia Capital LLC [3].

Image courtesy of www.hollywoodreporter.com

As President of the Motion Picture Group, Jonathan Glickman, is in charge of the production and development of all MGM films. He too has a successful history prior to this position at Spyglass Entertainment [3].

Financials

The future is looking up for MGM post-bankruptcy. After MGM acquired Carl Icahn’s stake for $590 million in July 2012, the company went public [4]. According to the 2012 year-end results, revenue was up 97% over 2011. They reported total revenue of $1.38 billion, which was an increase of $681 million from the prior year.

“Skyfall” and “The Hobbit: An Unexpected Journey” landed MGM with two films in the top 15 of box office history. These two films also gave MGM the title of being the only studio to have two back-to-back films make $1 billion at the box office.

Image courtesy of imdb.com

“Skyfall” was named the biggest James Bond release of all time and also the biggest film in the UK by crossing the £100 million mark.

The total home entertainment revenue of 2012 was greater than that of 2011 even though no new titles were released. The fourth quarter was extremely strong with $96 million in revenue, which shows how successful the promotions for James Bond 50^th anniversary were. The worldwide home entertainment generated a total of $195 million, which was $1 million more than the prior year.

The worldwide television licensing revenue generated a total of $395 million, which was also a large increase by $23 million from the prior year.

The 2012 Adjusted EBITDA showed a 48% increase to $286 million. It was adjusted due to revenue growth. The revenue growth was so substantial that it offset the increase in marketing, distribution, and operating expenses [5].

Recent Releases

Image courtesy of www.comingsoon.net

Trailer: http://www.youtube.com/watch?v=TB11JlyjmkE

Hansel & Gretel: Witch Hunters was released January 25, 2013 and directed by Tommy Wirkola. MGM co-produced it with Paramount. It is a twist on the children’s fairy tale, Hansel & Gretel. In the movie, Hansel and Gretel are all grown up and now bounty hunters that kill witches. It was released in 3D and IMAX. The movie made $19 million in its opening weekend and $219 million total worldwide. It made a lot more money overseas than domestically. Its production budget was $50 million [6]. Hansel & Gretel will be released on Blu-ray and DVD on June 11, 2013.

Image courtesy of www.comingsoon.net

Trailer: http://www.youtube.com/watch?v=QLR3HrV71yM

G.I. Joe: Retaliation was released March 29, 2013 and directed by Jon M. Chu. This is the third movie out of the series and it starred new cast members such as Dwayne “The Rock” Johnson and Bruce Willis. It was #1 its opening weekend making $40 million. Its total worldwide gross is $231 million so far. Its production budget was $130 million. This movie was also released in 3D and IMAX [6].

Upcoming Films

Image courtesy of imdb.com

Trailer: http://www.youtube.com/watch?v=H369sxjyhx8&feature=player_embedded

Carrie is an upcoming horror film that is the third adaptation of the Stephen King’s 1974 novel, Carrie. The film is co-produced by MGM and Screen Gems. It stars Chloe Moretz and Julianne Moore. The release date is set for October 18, 2013. With this release, MGM and Screen Gems are hoping to stay as close to the original novel’s storyline. Their current promotion for the movie is extremely original. At the end of the trailer, they provide you with a toll free number to call, which plays back a scene with the characters.

Future MGM Films

There is definitely a trend of adaptations and remakes in MGM’s upcoming film releases. Two other upcoming releases are “RoboCop,” which is set to release February 7, 2014, and “Hercules: The Thracian Wars,” which is set to release August 8, 2014.

Image courtesy of www.comingsoon.net

“RoboCop” is a science fiction action film that will feature Samuel L. Jackson, Michael Keaton, and Gary Oldman. It is a remake of the original 1987 film. José Padihla, a Brazilian film director, who has not released a feature film in the U.S. yet, will direct it [7].

“Hercules: The Thracian Wars” will feature Dwayne “The Rock” Johnson as Hercules in this adaptation of the Radical Studios graphic novel from 2008. Its main competition in the box office will be Disney/Marvel’s “Guardians of the Galaxy,” which is set to release a week prior. If this movie is successful, it could lead to another franchise for MGM [8].

More recently MGM has teamed up with GK Films to develop a new Tomb Raider franchise based on the Lara Croft video game franchise. The two original films from 2001 and 2003 that starred Angelina Jolie grossed $432 million worldwide so MGM hopes to achieve the same success [9].

Image courtesy of www.filmofilia.com

“The Hobbit” trilogy was confirmed in a MGM news release this past February. The second film, “The Hobbit: The Desolation of Smaug” was given a December 13, 2013 release date and the third film, “The Hobbit: There and Back Again,” was officially given the release date of December 17, 2014. The first film in the trilogy did so well that they hope the success will follow throughout. MGM is co-producing these films 50/50 with New Line Cinema [10].

With all of these plans in place, MGM’s future looks strong and successful.

Sources

1. MGM History

2. Sony Pictures Deal

3. MGM Today

4. Carl Icahn sells stake in MGM

5. MGM 2012 Year-End Results

6. Box Office Mojo

7. RoboCop Release

8. Hercules Release

9. Tomb Raider Franchise Announcement

10. The Hobbit Trilogy Announcement