{"id":13320,"date":"2013-11-13T19:25:52","date_gmt":"2013-11-14T00:25:52","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=13320"},"modified":"2013-11-20T12:39:12","modified_gmt":"2013-11-20T17:39:12","slug":"mgm-4","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2013\/11\/13\/mgm-4\/","title":{"rendered":"MGM"},"content":{"rendered":"
By Trevor Heckendorn<\/pre>\n
\"\"<\/p>\n
Key Executives <\/strong>[1]<\/a><\/p>\n
\"\"
Gary Barber<\/strong>\u00a0 Chairman and Chief Executive Officer<\/p><\/div>\n
\"\"
Ken Schapiro<\/strong>\u00a0 Chief Operating Officer<\/p><\/div>\n
\"\"
Jonathan Glickman <\/strong>President, Motion Picture Group<\/p><\/div>\n
 <\/p>\n
 <\/p>\n
History<\/strong><\/p>\n
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.\u00a0 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<\/i><\/a>, and The Wizard of Oz<\/i><\/a>. \u00a0However, MGM\u2019s controlling grip on the world of cinema would begin slipping, and by 2010, they filed for Chapter 11 bankruptcy.\u00a0 They would emerge from bankruptcy a few months later, under new leadership from Spyglass Entertainment partner, Gary Barber. \u00a0MGM films have won an astounding 175 Academy Awards, including 14 Best Picture winners. [2]<\/a> [3]<\/a><\/p>\n
 <\/p>\n
Financial Information<\/strong><\/p>\n
MGM has had a rocky past when it comes to financial stability.\u00a0 Despite filing for bankruptcy just a few years ago, they now seem to be positioned incredibly well for the future.\u00a0 Although MGM creates entertainment for the public, the company is still private, and so are their financial records.\u00a0 Also, since their rise from bankruptcy, MGM has yet to produce a movie on their own, and frequently partner with Columbia Pictures.\u00a0 However, looking over some of MGM\u2019s recent productions (or co-productions), their revenue stream seems to be better than ever. \u00a0Under new leadership, MGM has begun relying heavily on sequels, a generally safe move in the film industry. \u00a0In 2012, MGM co-produced two films that grossed over $1,000,000,000, both of which have future sequels already planned. [4]<\/a><\/p>\n
 <\/p>\n
Recent Releases<\/strong><\/p>\n
Skyfall<\/em><\/strong> (2012) \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Distribution; co-produced with United Artist, Columbia Pictures, and Eon Productions \u00a0 \u00a0 \u00a0 \u00a0 Budget: $150-200 Million \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Gross: $1.1 Billion [5]<\/a><\/p>\n
\"\"<\/p>\n
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. \u00a0It 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). \u00a0Daniel Craig has signed on for three more James Bond movies, with the 24th installment planned to be released November 2015. \u00a0[6]<\/a><\/p>\n
 <\/p>\n
The Hobbit: An Unexpected Journey<\/i><\/strong> (2012) \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Co-Production with New Line Cinema, Warner Bros., and WingNut Films \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Budget: $200-315 Million \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Gross: $1.02 Billion \u00a0[7]<\/a><\/p>\n
\"\"<\/p>\n
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<\/em> series. \u00a0It 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<\/em> movies have. \u00a0Peter Jackson returned as director for The Hobbit: An Unexpected Journey<\/em>, and plans to complete a Hobbit<\/em> trilogy, with releases in 2013 and 2014. \u00a0The Hobbit<\/em> was nominated for three Academy Awards: Best Visual Effects, Best Makeup and Hairstyling, and Best Production Design. \u00a0However, The Hobbit<\/em> 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. \u00a0The 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. \u00a0[8]<\/a><\/em><\/p>\n
 <\/p>\n
G.I. Joe: Retaliation\u00a0<\/i><\/strong>(2013) \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Co-Production with Hasbro, Paramount Pictures, di Bonaventura Pictures, and Skydance Productions \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Budget: $130 Million \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Gross: $372 Million \u00a0[9]<\/a><\/p>\n
\"\"<\/p>\n
In 2013, MGM continued their reliance on sequels with the second installment in the G.I. Joe<\/em> franchise, G.I. Joe: Retaliation, <\/em>starring Dwayne “The Rock” Johnson, Bruce Willis, and Channing Tatum.\u00a0 This star-studded action flick hauled in over $372 million dollars at the box office, a rare feat for a March release. \u00a0Plans for a third installment of the series have been recently confirmed, with Jon Chu returning to direct. \u00a0[10]<\/a><\/p>\n
 <\/p>\n
Carrie\u00a0<\/i><\/strong>(2013) \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Distribution; Co-Production with Screen Gems \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Budget: $30 Million \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Gross: $53 Million \u00a0[11]<\/a><\/p>\n
\"\"<\/p>\n
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<\/em>. \u00a0This horror film features Chloe Grace Moretz in the title role, with support from Emmy-winner Julianne Moore. \u00a0This film seemed to be a safer investment for MGM, with the budget being only $30 million. \u00a0That investment has already been made back, as Carrie continuing its theatrical run. [12]<\/a><\/p>\n
 <\/p>\n
Upcoming Releases<\/strong><\/p>\n
The Hobbit: The Desolation of Smaug<\/strong><\/em>\u00a0<\/strong>(December 13, 2013) \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Co-Production with New Line Cinema, Warner Bros., and WingNut Films<\/p>\n
\"\"<\/p>\n
The incredibly successful Lord of the Rings<\/em> franchise adds another film this December, with the second installment in the Hobbit<\/em> series being released internationally on December 13th. \u00a0Peter Jackson is back to direct and write the screenplay, based on J.R.R. Tolkein’s novel, The Hobbit<\/em>. \u00a0Sir Ian McKellan, Martin Freeman, and company reprise their legendary roles, as The Hobbit: The Desolation of Smaug<\/em> prepares to repeat the box office and critical success of the first film. \u00a0Just 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<\/em><\/a>, already planned for a December 2014 release. [13]<\/a><\/p>\n
 <\/p>\n
Robocop\u00a0<\/strong>(Feburary 12, 2014) \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Distribution; Co-Production with Strike Entertainment and Columbia Pictures<\/p>\n
\"RoboCop<\/p>\n
Robocop makes his return to the big screen in Feburary 2014, starring Joel Kinnaman in the title role. \u00a0This science fiction thriller is a remake of the original 1987 film<\/a> of the same name. \u00a0Other featured actors include Gary Oldman, Michael Keaton, and Samuel L. Jackson. \u00a0With 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]<\/a><\/p>\n
 <\/p>\n
22 Jump Street\u00a0<\/strong>(June 13, 2014) \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Co-Production with Relativity Media, Columbia Pictures, and Original Film<\/p>\n
\"\"<\/p>\n
Following the surprise success of 21 Jump Street<\/em><\/a> in March of 2012, MGM and Columbia Pictures have begun production on the sequel, 22 Jump Street<\/em>. \u00a0This comedy film features Jonah Hill and Channing Tatum reprising their roles as undercover cops, this time going undercover at a local college. \u00a0The first film grossed over $200 million at the box office, and MGM can expect the sequel to do just as well. [15]<\/a><\/p>\n
 <\/p>\n
Future of MGM<\/strong><\/p>\n
Since their emergence from bankruptcy, MGM has been making safe investments, financing mostly adaptions and sequels. \u00a0Additional movies slated for 2014 releases include a sequel to Hot Tub Time Machine<\/em><\/a>, and an adaption of the graphic novel Hercules: The Thracian Wars<\/a>. \u00a0<\/em>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.<\/p>\n
 <\/p>\n
Sources<\/strong><\/p>\n
[1] MGM.com – MGM Today<\/a><\/p>\n
[2] MGM.com – History<\/a><\/p>\n
[3] Global Times – MGM restructuring becomes effective, new owners step in<\/a><\/p>\n
[4] IMDb – MGM<\/a><\/p>\n
[5] Box Office Mojo – Skyfall<\/a><\/p>\n
[6] IMDb – Skyfall<\/a><\/p>\n
[7] Box Office Mojo – The Hobbit: An Unexpected Journey<\/a><\/p>\n
[8] IMDb – The Hobbit: An Unexpected Journey<\/a><\/p>\n
[9] Box Office Mojo – G.I. Joe Retaliation<\/a><\/p>\n
[10] IMDb –\u00a0G.I. Joe Retaliation<\/a><\/p>\n
[11] Box Office Mojo – Carrie<\/a><\/p>\n
[12] IMDb – Carrie<\/a><\/p>\n
[13] IMDb – The Hobbit: The Desolation of Smaug<\/a><\/p>\n
[14] IMDb – RoboCop<\/a><\/p>\n
[15] IMDb – 22 Jump Street<\/a><\/p>\n
 <\/p>\n
Picture Sources<\/strong><\/p>\n
MGM Logo (courtesy of wikia.com)<\/a><\/p>\n
Gary Barber (courtesy of MGM.com)<\/a><\/p>\n
Ken Schapiro (courtesy of MGM.com)<\/a><\/p>\n
Jonathan Glickman (courtesy of MGM.com)<\/a><\/p>\n
Skyfall (courtesy of Forbes.com)<\/a><\/p>\n
The Hobbit: An Unexpected Journey (courtesy of venganzamedia.com)<\/a><\/p>\n
G.I. Joe: Retaliation (courtesy of propagandistmag.com)<\/a><\/p>\n
Carrie (courtesy of fansshare.com)<\/a><\/p>\n
The Hobbit: Desolation of Smaug (courtesy of comicbookresources.com)<\/a><\/p>\n
RoboCop (courtesy of hollywoodreporter.com)<\/a><\/p>\n
\u00a022 Jump Street (courtesy of\u00a0collider.com)<\/a>
\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Trevor Heckendorn Key Executives [1]     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.\u00a0 MGM soon … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":314,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[28,9,1479],"tags":[2080,423,1830,1396,406,2082,1374,222,2078,1856,2083,2084,2085,224,2076,2075,2081,2079,1087,2077,220,740,1398,468,221,588,111,1831],"_links":{"self":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/13320"}],"collection":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/users\/314"}],"replies":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/comments?post=13320"}],"version-history":[{"count":57,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/13320\/revisions"}],"predecessor-version":[{"id":16820,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/13320\/revisions\/16820"}],"wp:attachment":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/media?parent=13320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/categories?post=13320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/tags?post=13320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}