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MGM-Pathé Communications was an American film production company that operated in Los Angeles County, California from 1990 to 1992. The company was founded and controlled by Italian financier Giancarlo Parretti through his purchase and merger of MGM/UA Communications Co. and Pathé Communications (unrelated to the French Pathé studio ).
MGM was bought by Pathé Communications (led by Italian publishing magnate Giancarlo Parretti) in 1990, but Parretti lost control of Pathé and defaulted on the loans used to purchase the studio. The French banking conglomerate Crédit Lyonnais, the studio's major creditor, then took control of MGM.
Giancarlo Parretti (born 23 October 1941) is an Italian financier. [2] [3] In 1989, he took over Cannon Film Group Inc. from Menahem Golan and Yoram Globus. Almost immediately, he made plans to take over the storied French studio Pathé, and changed Cannon's name to Pathé Communications.
In 1990, it became MGM-Pathé Communications Co. after Giancarlo Parretti purchased the company and merged it with Pathé Communications (not to be confused with the French studio, which Parretti attempted to buy but failed due to French governmental concerns over his business background).
- Early History
- MGM/UA Entertainment
- MGM/UA Communications
- MGM-Pathé Communications
- Notable Movies
The company is named after three companies which were combined in 1924 to start the MGM movie company. They were Metro Pictures, Samuel GoldwynProductions, and Louis B. Mayer Productions. From the 1920s through World War II, Metro-Goldwyn-Mayer was the largest movie studio in Hollywood. They made more money than any other studio. At its busiest, MG...
In 1981 MGM's major stockholder, Kirk Kerkorian bought United Artists. In 1983 MGM and United Artists merged as MGM/UA Entertainment. On August 7, 1985, Turner Broadcasting System announced that they would buy MGM/UA. Turner saw the value of acquiring pre-May 1986 MGM's film library for his superstation WTBS. Under the terms of the deal, Turner wou...
In late 1986 after Turner Broadcasting System split into two companies; Turner Broadcasting System and Metro-Goldwyn-Mayer. Turner continued to release the pre-May 1986 MGM film and television library on video known as Turner Home Entertainment. Turner sold the MGM lot for $190 million to Lorimar-Telepictures.
In 1990, Giancarlo Parretti, the owner of The Cannon Group, bought MGM/UA for $1.2 billion. He then merged Cannon with MGM and named it MGM-Pathé Communications. In 1991 there were a number of lawsuits and he defaulted to Crédit Lyonnais, his financial backer. Parretti also faced securities fraud charges in the United States and Europe. The company...
The Wizard of Oz is one of the most famous movies made by MGM. It was made in 1939. The star of the movie was Judy Garland. MGM has also made other famous movies like 2001: A Space Odyssey, the James Bond movies and the Rockymovies.
MGM-Pathé Communications is a production company based in California. Discover new TV shows and movies from MGM-Pathé Communications and where you can watch them.
View full company info for MGM-Pathé Communications Co. 1. It's a Mad Mad Mad Mad World (1963) G | 210 min | Action, Adventure, Comedy. 7.5. Rate this. 59 Metascore.
