Metro-Goldwyn-Mayer Studios, Inc. (abbreviated MGM or M-G-M, also known as Metro-Goldwyn-Mayer Pictures, Metro-Goldwyn-Mayer, or simply Metro) is an American media company, involved primarily in the production and distribution of feature films and television programs. It was the current parent of United Artists. In 1986, Ted Turner's Turner Broadcasting System acquired MGM from Kirk Kerkorian; due to concerns over the debt load of his companies, that same year, Turner was forced to sell MGM back to Kerkorian after approximately only 74 days of ownership. 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.
Home Video Releases
MGM released Cartoon Moviestars VHS tapes in the mid-1980s. These were new transfers in the 1980s to replace the AAP prints for better quality of the cartoons. Of course, they only had the 16mm prints at the time so these restorations were not that great. These VHS tapes had blue borders on the opening and closing rings on the cartoons. These 1980s prints were later obliterated by 1995 Turner dubbed versions, with altered end cards and much better color corrections. Although, the 4 Inki cartoons still exist in these prints as well as a few others on the tapes.
In 1991, MGM started releasing The Golden Age of Looney Tunes. The first 4 volumes were original AAP prints, minus the AAP title. These were faded, and unrestored. The last volume contained dubbed versions, which had altered ending cards, and varied color borders on their opening titles, green, red, purple, blue, etc. In 1999, MGM paid WB $225 million to end their distribution of the cartoons, which led to Warner Bros., restoring around 300 cartoons today on the market.