152-644: Metro-Goldwyn-Mayer Studios Inc. (also known as Metro-Goldwyn-Mayer Pictures , commonly shortened to MGM ) is an American media company specializing in film and television production and distribution based in Beverly Hills, California . Metro-Goldwyn-Mayer was founded on April 17, 1924, and has been owned by the Amazon MGM Studios subsidiary of Amazon since 2022. MGM was formed by Marcus Loew by combining Metro Pictures , Goldwyn Pictures and Louis B. Mayer Pictures into one company. It hired
304-505: A Cessna . He worked as a general aviation pilot and made his first visit to Las Vegas in 1944. After spending much time in Las ;Vegas during the 1940s, Kerkorian quit gambling and in 1947 paid $ 60,000 for Trans International Airlines , which was a small air-charter service that flew gamblers from Los Angeles to Las Vegas. He then bid on some war surplus bombers, using money on loan from Seagram's . Gasoline, and especially airplane fuel,
456-478: A Pontiac Firebird , Jeep Grand Cherokee and a Ford Taurus . Kerkorian died in Beverly Hills, California , on June 15, 2015, nine days after his 98th birthday. He is buried at Inglewood Park Cemetery in Inglewood, California , near Los Angeles. Kerkorian was married four times, first to Hilda Schmidt from 1942 to 1952. His next marriage, to Jean Maree Hardy, lasted from 1954 to 1984. The two had met at
608-406: A consortium that included Sony Pictures . In 2010, MGM filed for Chapter 11 bankruptcy protection and reorganization . After reorganization, it emerged from bankruptcy later that year under its creditors' ownership. Two former executives at Spyglass Entertainment , Gary Barber and Roger Birnbaum , became co-chairmen and co-CEOs of MGM's new holding company . After Barber's departure in 2018,
760-411: A 2003 lawsuit representing former attendees of Beverly Hills High School, approximately 280 of which having suffered from cancers allegedly tied to the drilling operations. The oil site on the high school grounds is in the process of being shut down. According to the city's 2015 Comprehensive Annual Financial Report, the top employers in the city were: Beverly Hills is a general law city governed by
912-493: A Ford Taurus and Jeep Cherokee. Kerkorian once owned 9.9 percent of General Motors (GM). According to press accounts from June 30, 2006, Kerkorian suggested that Renault acquired a 20 percent stake in GM to rescue GM from itself. A letter from Tracinda to Rick Wagoner was released to the public, to pressure GM's executive hierarchy, but talks failed. On November 22, 2006, Kerkorian sold 14 million shares of his GM stake (it
1064-592: A bidding war which included Time Warner (the current parent of Turner Broadcasting ) and General Electric (the owners of the NBC television network at the time), MGM was acquired on September 23, 2004, by a partnership consisting of Sony Corporation of America , Comcast , Texas Pacific Group (now TPG Capital, L.P.), Providence Equity Partners , and other investors. After its bankruptcy in 2010, MGM reorganized, with its creditors' $ 4 billion debt transferred to ownership. MGM's creditors controlled MGM through MGM Holdings,
1216-470: A female householder with no husband present, and 45.0% were non-families. 38.2% of all households were made up of individuals, and 11.3% had someone living alone who was 65 years of age or older. The average household size was 2.24 and the average family size was 3.02. In the city, the population was spread out, with 20.0% under the age of 18, 6.3% from 18 to 24, 29.3% from 25 to 44, 26.8% from 45 to 64, and 17.6% who were 65 years of age or older. The median age
1368-458: A five-member city council , including the mayor and vice mayor. The city council hires a city manager to carry out policies and serve as executive officer. Until 2017, every odd-numbered year, either two or three members were elected for four-year terms. However, in 2017, the council changed its cycle to conform with statewide elections; the first such election was held in March 2020. Each April,
1520-530: A host of new stars, among them Greta Garbo , John Gilbert , William Haines , Joan Crawford , and Norma Shearer (who followed Thalberg from Universal). Established names like Lon Chaney , William Powell , Buster Keaton , and Wallace Beery were hired from other studios. They also hired top directors such as King Vidor , Clarence Brown , Erich von Stroheim , Tod Browning , and Victor Seastrom . The arrival of talking pictures in 1928–29 gave opportunities to other new stars, many of whom would carry MGM through
1672-544: A huge role was Ida Koverman , Mayer's secretary and right hand. In 1937, Mayer hired Mervyn LeRoy , a former Warner Bros. producer/director as MGM's top producer and Thalberg's replacement. LeRoy convinced Mayer to acquire the film rights to the popular children's book The Wonderful Wizard of Oz ; MGM purchased the rights from Samuel Goldwyn for $ 75,000 in 1938. MGM's hits in 1939 included The Wizard of Oz ; Ninotchka , starring Greta Garbo ; The Women , starring Joan Crawford and Norma Shearer ; and Gone with
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#17328012560971824-474: A number of successful films in the 1970s, including Westworld (1973), Soylent Green (1973), The Sunshine Boys (1975), The Wind and the Lion (1975), Network (1976) and Coma (1978). Despite these successes, MGM never reclaimed its former status. The MGM Recording Studios were sold in 1975. In 1979, Kerkorian issued a press statement that MGM was now primarily a hotel company. In 1980, MGM hit
1976-444: A number of well-known actors as contract players—its slogan was "more stars than there are in heaven"—and soon became Hollywood's most prestigious filmmaking company, producing popular musical films and winning many Academy Awards . MGM also owned film studios, movie lots, movie theaters and technical production facilities. Its most prosperous era, from 1926 to 1959, was bracketed by two productions of Ben Hur . It divested itself of
2128-506: A pair of Dorothy's ruby slippers from The Wizard of Oz . Lot 3, 40 acres (160,000 m) of back-lot property, was sold off for real-estate development. In 1971, it was announced that MGM was in talks with 20th Century-Fox about a possible merger, a plan which never came into fruition. Under Aubrey, MGM also sold off MGM Records and its overseas theater holdings. Through the 1970s, studio output slowed considerably as Aubrey preferred four or five medium-budget pictures each year along with
2280-489: A population of 34,109. The population density was 5,973.1 inhabitants per square mile (2,306.2/km ). The racial makeup of Beverly Hills was 28,112 (82.4%) White (78.6% Non-Hispanic White), 746 (2.2%) African American , 48 (0.1%) Native American , 3,032 (8.9%) Asian , 12 (0.0%) Pacific Islander , 485 (1.4%) from other races , and 1,674 (4.9%) from two or more races. Hispanic or Latino of any race were 1,941 persons (5.7%). The Census reported that 33,988 people (99.6% of
2432-487: A private company. New management of its film and television production divisions was installed. In 1924, movie theater magnate Marcus Loew had a problem. He had bought Metro Pictures Corporation in 1919 for $ 3 million, to provide a steady supply of films for his large Loew's Theatres chain. However, he found that his new property only provided a lackluster assortment of films. Seeking to solve this problem, Loew purchased Goldwyn Pictures in 1924 for $ 5 million to improve
2584-713: A remake—failed: Cimarron (1960), King of Kings (1961), Four Horsemen of the Apocalypse (1961), and, most notoriously, Mutiny on the Bounty (1962). The Cinerama film The Wonderful World of the Brothers Grimm (also 1962), the first film in Cinerama to actually tell a story, was also a financial failure. One other big-budget epic that was a success, however, was the MGM-Cinerama co-production How
2736-543: A retail and dining hub attracting locals, and in some sections attracting visitors from across the region and the world. South Beverly Drive, i.e. south of Wilshire Blvd., is another dining and shopping hub. Houses south of Wilshire Boulevard have more urban square and rectangular lots, in general smaller than those to the north. There are also more apartment buildings south of Wilshire Boulevard than anywhere else in Beverly Hills. Beverly Hills Post Office (BHPO)
2888-413: A smattering of low-budget fare. In October 1973 and in decline in output, MGM closed its distribution offices then outsourced distribution for its films for a ten-year period to United Artists . UA also purchased MGM's music publishing arm, Robbins, Feist & Miller plus half of Canadian record label Quality Records . Kerkorian had largely distanced himself from the operations of the studio, focusing on
3040-563: A subsidiary of Amazon MGM Studios, MGM is a member of the Motion Picture Association (MPA); it was a founding member before leaving in the 2005 acquisition. MGM was the last studio to convert to sound pictures—nonetheless, from the end of the silent film era through the late 1950s, it was the dominant motion picture studio in Hollywood. It was slow to respond to the changing legal, economic, and demographic nature of
3192-424: A symbolic low point when David Begelman , earlier fired by Columbia following the discovery of his acts of forgery and embezzlement, was installed as MGM's president and CEO. In 1980, Metro-Goldwyn-Mayer, Inc. split its production and casino units into separate companies: Metro-Goldwyn-Mayer Film Co. and MGM Grand Hotels, Inc. The rise of ancillary markets was enough to allow MGM to increase production to 10-15 films
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#17328012560973344-407: A tactical advantage in the divorce proceedings, an allegation that was later proven true. Pellicano also took a strand of Bing's used dental floss (surreptitiously acquired from rubbish) and used it to prove that it was Bing and not Kerkorian who fathered Bonder's daughter. Attorney Terry Christensen was subsequently convicted of racketeering for hiring Pellicano to tap Bonder's phone, and received
3496-549: A three-year prison sentence that was confirmed on appeal. Kerkorian's short-lived fourth marriage (2014) was to Una Davis, born in 1966. The marriage lasted only 57 days and divorce proceedings were underway when Kerkorian died on June 15, 2015. Kerkorian was active in philanthropy through his charitable foundation, The Lincy Foundation, named after his daughters, Linda and Tracy. The foundation reportedly donated more than $ 1 billion, though Kerkorian never allowed anything to be named in his honor. The foundation covered half of
3648-678: A writer and producer who had found success at running RKO Pictures . Lavish musicals were Schary's focus, and hits like Easter Parade (1948) and the popular films of Mario Lanza (including The Toast of New Orleans (1950) and The Great Caruso (1951)) helped keep MGM profitable. In August 1951, Mayer was fired by MGM's East Coast executives and he was replaced by Schary. Gradually cutting loose expensive contract players (including $ 6,000-a-week Judy Garland in 1950 and "King of Hollywood" Clark Gable in 1954), saving money by recycling existing movie sets instead of building costly new scenery, and reworking expensive old costumes, Schary managed to keep
3800-632: A year compared to three to six in the previous decade, but first it needed to revive its distribution unit. Beverly Hills, California Beverly Hills is a city located in Los Angeles County, California , United States. A notable and historic suburb of Los Angeles , it is located just southwest of the Hollywood Hills , approximately 12.2 miles (19.6 km) northwest of downtown Los Angeles . Beverly Hills' land area totals 5.71 square miles (14.8 km ) and (together with
3952-486: A year in Technicolor with Northwest Passage (1939) being one of the most notable of this era. In addition to a large short-subjects program of its own, MGM also distributed the shorts and features produced by Hal Roach Studios , including comedy shorts starring Laurel and Hardy , Our Gang and Charley Chase . The studio's distribution deal with Roach lasted from 1927 to 1938, and MGM benefited in particular from
4104-727: A year to a more manageable 25 features per year. During this period, MGM released several very successful musicals with stars such as Judy Garland , Fred Astaire , Gene Kelly , and Frank Sinatra . Audiences began drifting to television in the late 1940s, and MGM and the other studios were finding it increasingly difficult to attract them to theaters. With its high overhead expenses, MGM's profit margins continued to decrease. Word came from Nicholas Schenck in New York to find "a new Thalberg" who could improve quality while paring costs. Mayer thought he had found this savior in Dore Schary ,
4256-443: Is a designated historical landmark. In the early 1930s, Santa Monica Park was renamed Beverly Gardens and was extended to span the entire two-mile (3-kilometer) length of Santa Monica Boulevard through the city. The Electric Fountain marks the corner of Santa Monica Blvd. and Wilshire Blvd. with a small sculpture at the top of a Tongva kneeling in prayer. In April 1931, the new Italian Renaissance -style Beverly Hills City Hall
4408-520: Is speculated that this action was due to GM's rejection of Renault and Nissan's bids for stakes in the company as both of these bids were strongly supported by Kerkorian); the sale resulted in GM's share price falling 4.1% from its November 20 price, although it remained above $ 30/share. The sale lowered Kerkorian's holding to around 7% of GM. On November 30, 2006, Tracinda said it had agreed to sell another 14 million shares of GM, cutting Kerkorian's stake to half of what it had been earlier that year. By
4560-1056: Is the name given to a section directly north of the Beverly Hills city limits that lies within the 90210 ZIP code, assigned to the Beverly Hills Post Office, but is part of the City of Los Angeles. Along with the Los Angeles communities of Bel-Air and Brentwood , Beverly Hills is one of the "Three Bs", a wealthy area in the Los Angeles Westside . Beverly Hills has a warm Mediterranean climate and receives an average 15 inches (380 mm) of rain per year. Summers are marked by warm to hot temperatures with very little wind, while winters are mild to moderate, with occasional rain alternating with periods of Santa Ana winds . Measurable snowfall has been recorded only in 1882, 1922, 1932, 1949 and 1958. The 2010 United States Census reported that Beverly Hills had
4712-523: The Armenian Genocide . Armenian was his first language and he "didn't learn the English language until he hit the streets." His family moved to Los Angeles following the depression of 1920–21 . Dropping out of school in eighth grade, Kerkorian became a fairly skilled amateur boxer under the tutelage of his older brother Nish Kerkorian, fighting under the name "Rifle Right Kerkorian" to win
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4864-758: The Armenian genocide would be made. The resulting film, called The Promise , premiered in April 2017 in the United States. In 2000 Time magazine named him the 10th largest donor in the US. Kerkorian was declared an honorary citizen of Armenia. He was bestowed the title of National Hero of Armenia , the highest state award. Kirk Kerkorian was born on June 6, 1917, in Fresno, California , to Armenian parents who escaped present-day Turkey via cattle boat during
5016-563: The Beverly Wilshire Apartment Hotel (now the Beverly Wilshire Hotel) opened on Wilshire Boulevard between El Camino and Rodeo drives, part of the old Beverly Hills Speedway . That same year, oilman Edward L. Doheny finished construction of Greystone Mansion , a 55-room mansion meant as a wedding present for his son Edward L. Doheny Jr. The house is now owned by the city of Beverly Hills and
5168-546: The Columbia film It Happened One Night (1934). Mayer and Irving Thalberg's association began warmly, but eventually relations between the two became strained; Thalberg preferred literary works and expensive costume pictures over the lower-budget, family-oriented crowd pleasers Mayer wanted. Thalberg, always physically frail, was removed as head of production in 1932. Mayer encouraged other staff producers, among them his son-in-law David O. Selznick , but no one seemed to have
5320-583: The Howard Hughes film Hell's Angels (1930), now had a big break and became a Hollywood sex symbol and one of MGM's most admired stars. Despite Harlow's gain, Garbo arguably remained the biggest star at MGM. Shearer was still a money maker despite her screen appearances becoming scarce, and Crawford continued her box-office popularity until 1937. MGM also received a boost through the man who would become known as "King of Hollywood", Clark Gable. Gable's career took off to new heights after he won an Oscar for
5472-493: The Justice Department who filed an antitrust suit due to his owning stock in two studios. In 1979, Kerkorian issued a statement claiming that MGM was now primarily a hotel company; however, he also managed to expand the overall film library and production system with the purchase of United Artists from Transamerica in 1981, becoming MGM/UA Entertainment Company. In March 1986, he sold MGM to Ted Turner . After
5624-728: The Las Vegas Hilton and the Flamingo Hilton , respectively. After he purchased the Metro-Goldwyn-Mayer movie studio in 1969, Kerkorian (with architect Martin Stern Jr.) opened the original MGM Grand Hotel and Casino , larger than the Empire State Building and the largest hotel in the world at the time it was finished. On November 21, 1980, the original MGM Grand burned in a fire that
5776-578: The Looney Tunes ' sister series, Merrie Melodies . The Happy Harmonies regularly ran over budget, and MGM dismissed Harman and Ising in 1937 to start its own animation studio . After initial struggles with a poorly received series of The Captain and the Kids cartoons, the studio rehired Harman and Ising in 1939, and Ising created the studio's first successful animated character, Barney Bear . However, MGM's biggest cartoon stars would come in
5928-498: The MGM Grand Hotel , investing $ 120 million into that project. Another portion of the backlot was sold in 1974. The last shooting done on the backlot was the introductory material for That's Entertainment! (1974), a retrospective documentary that became a surprise hit for the studio. That's Entertainment! was authorized by Dan Melnick , who was appointed head of production in 1972. Under Melnick's regime, MGM produced
6080-541: The Thunderbird resort in Las Vegas. Hardy, a dancer from England, traveled the world instructing dance troupes. They met and fell in love while she was sent to check opportunities to choreograph a performance in Las Vegas. The marriage produced Kerkorian's two daughters, Tracy and Linda, whose names serve as a portmanteau for Kerkorian's personal holding company, Tracinda Corporation, and his charitable organization,
6232-568: The poverty line , including 9.5% of those under the age of 18 and 7.9% ages 65 or older. Beverly Hills is home to one Fortune 500 company, Live Nation Entertainment . Since August 22, 2011, the headquarters of Metro-Goldwyn-Mayer has been located in Beverly Hills after a significant film history established close by on the main original studio lots in Culver City. The talent agencies United Talent Agency , William Morris Endeavor , Paradigm Talent Agency , The Gersh Agency , and Agency for
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6384-533: The "flats" of Beverly Hills, which is a relatively flat area that slopes away from the hills, and includes all of Beverly Hills south of Sunset Boulevard and north of Santa Monica Boulevard . This area includes Wallis Annenberg Center for the Performing Arts . In a triangle between Santa Monica Bl., Wilshire Bl. and Crescent Drive is Downtown Beverly Hills also known as the Golden Triangle ,
6536-569: The 1930s, MGM produced approximately 50 pictures a year, though it never met its goal of releasing a new motion picture each and every week (it was only able to release one feature film every nine days). Loew's 153 theaters were mostly located in New York, the Northeast, and Deep South; Gone with the Wind (1939) had its world premiere at Loew's Grand Theatre in Atlanta, Georgia. A fine reputation
6688-477: The 1930s: Clark Gable , Jean Harlow , Robert Montgomery , Spencer Tracy , Myrna Loy , Robert Taylor , Jeanette MacDonald , and Nelson Eddy among them. MGM was one of the first studios to experiment with filming in Technicolor . Using the two-color Technicolor process then available, MGM filmed portions of The Uninvited Guest (1924), The Big Parade (1925), and Ben–Hur (1925), among others, in
6840-443: The 1950 film, The Titan: Story of Michelangelo was telecast by ABC in 1952, but that was a documentary.) Beginning in 1959, and lasting until 1991, telecasts of The Wizard of Oz became an annual tradition, drawing huge audiences in homes all over the U.S. and earning additional profits for MGM. The studio was all too happy to see Oz become, through television, one of the two or three most famous films MGM has ever made, and one of
6992-623: The 1980s). In 1981, the studio acquired United Artists . In 1986, Kerkorian sold MGM to Ted Turner , who retained the rights to the MGM film library, sold the studio lot in Culver City to Lorimar , and sold the remnants of MGM back to Kerkorian a few months later. After Kerkorian sold and reacquired the company again in the 1990s, he expanded MGM by purchasing Orion Pictures and the Samuel Goldwyn Company , including both of their film libraries. Finally, in 2005, Kerkorian sold MGM to
7144-685: The Amalgamated Oil Company, bought the Hammel and Denker ranch, and began looking for oil. They did not find enough to exploit commercially by the standards of the time, though. In 1906, therefore, they reorganized as the Rodeo Land and Water Company, renamed the property "Beverly Hills", subdivided it, and began selling lots. The development was named "Beverly Hills" after Beverly Farms in Beverly, Massachusetts , and because of
7296-495: The American Musical Academy of Arts Association to handle all of their press and artist development. The AMAAA's main function was to develop the budding stars and to make them appealing to the public. Stars such as Norma Shearer, Joan Crawford, Greta Garbo, Myrna Loy, and Jeanette MacDonald reigned as the top-paid figures at the studio. Another MGM actress of the era, Jean Harlow , who had previously appeared in
7448-546: The British Royal Air Force was ferrying Canadian-built de Havilland Mosquitos over the North Atlantic to Scotland . The Mosquito's fuel tank carried enough fuel for 1,400 miles (2,300 km), while the trip directly was 2,200 miles (3,500 km). Rather than take the safer Montreal – Labrador – Greenland – Iceland –Scotland route (although, going further north could mean the wings icing, and
7600-463: The Chrysler arm of Daimler-Chrysler was sold to Cerberus for $ 7.4 billion. Kerkorian began buying Ford Motor Company stock in April 2008, and spent about $ 1 billion to accumulate a 6% stake in the automaker. By October 2008, the investment had lost two-thirds of its value, and he began selling. Tracinda explained, "In light of current economic and market conditions, it sees unique value in
7752-462: The Chrysler division on February 14, large investors such as Cerberus Capital Management , The Blackstone Group and Magna International each announced intentions to bid on the company. Kerkorian's bid, while not expected, was not surprising given his long involvement in the U.S. automobile industry. During the bidding process, he sought the aid of his close associate Jerome York who was a former CFO at both Chrysler and IBM . On May 14, 2007, 80% of
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#17328012560977904-553: The City of Beverly Hills received the Livability Award from the United States Conference of Mayors for its Ambassador Program, which takes care of the city's homeless population. The Beverly Hills Community Dog Park was dedicated on September 6, 2016. Beverly Hills and the neighboring city of West Hollywood are together entirely surrounded by the city of Los Angeles. Beverly Hills is bordered on
8056-482: The Lincy Foundation. Although divorced, they remained close friends and confidants. Kerkorian's short-lived third marriage (1999) was to professional tennis player Lisa Bonder , 48 years his junior, which lasted only one month. The two had signed a prenuptial agreement before marrying. Kerkorian subsequently was involved in a breach of privacy suit filed against him by Steve Bing . Kerkorian claimed Bing
8208-461: The Loew's merger going through. Schenck and Mayer had never gotten along (Mayer reportedly referred to his boss as "Mr. Skunk"), and the abortive Fox merger increased the animosity between the two men. From the outset, MGM tapped into the audience's need for glamor and sophistication. Having inherited few big names from their predecessor companies, Mayer and Thalberg began at once to create and publicize
8360-499: The Loews movie theater chain and, in 1956, expanded into television production. In 1969, businessman and investor Kirk Kerkorian bought 40% of MGM and dramatically changed the operation and direction of the studio. He hired new management, reduced the studio's output to about five films per year, and diversified its products, creating MGM Resorts International as a Las Vegas –based hotel and casino company (which it later divested in
8512-477: The Loews theater chain and the three studios on April 17, 1924, celebrated with a fete on April 26, 1924. Mayer became head of the renamed Metro-Goldwyn-Mayer, with 24-year-old Irving Thalberg as head of production. Final approval over budgets and contracts rested with New York City-based Loews Inc., while production decisions rested with the production headquarters in Culver City. MGM produced more than 100 feature films in its first two years. In 1925, MGM released
8664-832: The Pacific amateur welterweight championship. Kirk Kerkorian also had an older sister, Rose Kerkorian. Sensing the onset of World War II , and not wanting to join the infantry , Kerkorian learned to fly at the Happy Bottom Riding Club in the Mojave Desert —adjacent to the United States Army Air Corps 's Muroc Field, now Edwards Air Force Base . In exchange for flying lessons from pioneer aviator Pancho Barnes , he agreed to milk and look after her cattle. On gaining his commercial pilot's certificate in six months, Kerkorian learned that
8816-422: The Performing Arts are based in Beverly Hills. Hilton Hotels Corporation formerly had its corporate headquarters in Beverly Hills. The original headquarters of GeoCities (at first Beverly Hills Internet) was at 9401 Wilshire Boulevard in Beverly Hills. The large Beverly Hills Oil Field has four urban drilling islands, which drill diagonally into the earth underneath the city. One drilling island occasioned
8968-573: The Rain (1952), and Seven Brides for Seven Brothers (1954). However, Brigadoon (1954), Deep in My Heart (1954), It's Always Fair Weather (1955), Invitation to the Dance (1956), and Les Girls (1957) were extravagant song and dance flops, and even the now-classic The Band Wagon (1953) and Silk Stockings (1957) lost money upon their initial releases. In 1952, as a settlement of
9120-536: The Rings: The Return of the King also did in 2003. During this period, MGM fell into a questionable practice that eventually nearly doomed the studio: an entire year's production schedule relied on the success of one big-budget epic film each year. This policy began in 1959, when Ben–Hur proved profitable enough to carry the studio through 1960. However, four succeeding big-budget epics—like Ben–Hur , each
9272-484: The West Was Won (1962), with a huge all-star cast. King of Kings , while a commercial and critical bomb at the time, has since come to be regarded as a film classic. The losses caused by these films led to the resignations of Sol Siegel and Joseph Vogel who were replaced by Robert M. Weitman (head of production) and Robert O'Brien (president). The combination of O'Brien and Weitman seemed to temporarily revive
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#17328012560979424-446: The Wind , starring Vivien Leigh as Scarlett O'Hara and Clark Gable as Rhett Butler . Although Gone With the Wind was produced by Selznick International Pictures , the film was distributed by MGM as part of a deal for producer David O. Selznick , Mayer's son-in-law, to obtain the services of Gable as well as financial assistance necessary for Selznick to complete the film. After Selznick International foundered in 1944, MGM acquired
9576-604: The area. The city is well known for its Rodeo Drive shopping district that includes many designer brands. Throughout its history, the city has been home to many celebrities . It is noted for numerous hotels and resorts , including the Beverly Hilton and the Beverly Hills Hotel . The city has been featured in many movies, television series , music , and media , in the United States and internationally. After its initial settlement in 1828, Beverly Hills
9728-460: The city council meets and chooses one of its members as mayor and one as vice-mayor. As of April 2024, Lester Friedman is mayor, Sharona Nazarian is vice mayor, and John Mirisch , Craig Corman, and Mary Wells are councilmembers. Nancy Hunt-Coffey serves as city manager. Kirk Kerkorian Kerkor "Kirk" Kerkorian ( Armenian : Քըրք Քըրքորյան ; June 6, 1917 – June 15, 2015) was an Armenian-American businessman, investor, and philanthropist. He
9880-402: The city was 85.06% White , 1.77% African American , 0.13% Native American , 7.05% Asian , 0.03% Pacific Islander , 1.50% from other races , and 4.46% from two or more races. Hispanic or Latino of any race were 4.63% of the population. There were 15,035 households, out of which 24.4% had children under the age of 18 living with them, 43.8% were married couples living together, 8.1% had
10032-528: The classic television version of Dr. Seuss 's How the Grinch Stole Christmas! (1966) featuring the voice of Boris Karloff . Tom and Jerry folded in 1967, and the animation department continued with television specials and one feature film, The Phantom Tollbooth . A revived Metro-Goldwyn-Mayer Animation was in existence from 1993 to 1999. In 1959, MGM enjoyed what is quite probably its greatest financial success of later years, with
10184-511: The cost of an 80-kilometer highway in Armenia. Over the next decade, Kerkorian financed more than $ 200 million of infrastructure projects in Armenia, including $ 60 million to the reconstruction of schools and streets and the renovation of many museums, theaters and concert halls. The Lincy Foundation was dissolved in 2011 after 22 years of charitable activities after dispensing its last $ 200 million to University of California, Los Angeles . Half
10336-460: The current MGM Grand (1993). He purchased the Metro-Goldwyn-Mayer movie studio in 1969. Of Armenian descent, Kerkorian provided over $ 1 billion for charity in Armenia through his Lincy Foundation, which was established in 1989 and particularly focused on helping to rebuild northern Armenia after the 1988 earthquake . Kerkorian also provided money to ensure that a film based on the history of
10488-486: The decision. Mayer was active in the California Republican Party and used his political connections to persuade the Justice Department to delay final approval of the deal on antitrust grounds. During this time, in the summer of 1929, Fox was badly hurt in an automobile accident. By the time he recovered, the stock market crash in the fall of 1929 had nearly wiped Fox out and ended any chance of
10640-451: The earlier Hanna and Barbera shorts, they did receive positive reviews in some quarters. In 1963, the production of Tom and Jerry returned to Hollywood under Chuck Jones and his Sib Tower 12 Productions studio (later absorbed by MGM and renamed MGM Animation/Visual Arts ). Jones' group also produced its own works, winning an Oscar for The Dot and the Line (1965), as well as producing
10792-412: The end of MGM's animation department, as the studio determined it could generate the same amount of revenue by reissuing older cartoons as it could by producing and releasing new ones. William Hanna and Joseph Barbera, by then the heads of the MGM cartoon studio, took most of their unit and made their own company, Hanna-Barbera Productions , a successful producer of television animation. In 1956, MGM sold
10944-477: The end of November 2006, he had sold substantially all of his remaining GM shares. After Kerkorian sold, GM lost more than 90% of its value, falling as low as $ 1/share by May 2009, and filed bankruptcy on June 1, 2009. On April 5, 2007, Kirk Kerkorian made a $ 4.58 billion bid for the Chrysler Group , the U.S. arm of Daimler-Chrysler . After Daimler-Chrysler announced they were interested in selling
11096-420: The extravagant and successful Ben-Hur , taking a $ 4.7 million profit that year, its first full year. Also in 1925, MGM, Paramount Pictures and UFA formed a joint German distributor, Parufamet . Marcus Loew died in 1927, and control of Loew's passed to Nicholas Schenck. In 1929, William Fox of Fox Film Corporation bought the Loew family's holdings with Schenck's assent. Mayer and Thalberg disagreed with
11248-404: The failure of the big-budget epic Raintree County (1957) prompted the studio to terminate Schary's contract. Schary's reign at MGM had been marked with few legitimate hits, but his departure (along with the retirement of Schenck in 1955) left a power vacuum that would prove difficult to fill. Initially Joseph Vogel became president and Sol Siegel head of production. In 1957 (by coincidence,
11400-591: The few films that nearly everybody in the U.S. has seen at least once. Today The Wizard of Oz is regularly shown on the Turner -owned channels, no longer just once a year. In animation, MGM purchased the rights in 1930 to distribute a series of cartoons that starred a character named Flip the Frog , produced by Ub Iwerks . The first cartoon in this series (titled Fiddlesticks ) was the first sound cartoon to be produced in two-color Technicolor. In 1933, Ub Iwerks canceled
11552-515: The first million-dollar executive in American history. The company remained profitable, and an increase in MGM's "series" pictures ( Andy Hardy starring Mickey Rooney , Maisie starring Ann Sothern , The Thin Man starring William Powell and Myrna Loy , and Dr. Kildare / Dr. Gillespie with Lew Ayres and Lionel Barrymore ) is cited as evidence of Mayer's restored influence. Also playing
11704-465: The form of the cat-and-mouse duo Tom and Jerry , created by William Hanna and Joseph Barbera in 1940. The Tom and Jerry cartoons won seven Academy Awards between 1943 and 1953. In 1941, Tex Avery , another Schlesinger alumnus, joined the animation department. Avery gave the unit its image, with successes like Red Hot Riding Hood , Swing Shift Cinderella , and the Droopy series. Avery left
11856-436: The full rights to Gone With the Wind . While The Wizard of Oz was a critical hit, the production costs for the film were so expensive it took 20 years before it turned a profit. Within one year, beginning in 1942, Mayer released his five highest-paid actresses from their MGM contracts: Greta Garbo, Norma Shearer, Joan Crawford, Jeanette MacDonald and Myrna Loy. After being labeled " box office poison ", Crawford's MGM contract
12008-528: The gaming and hospitality and oil and gas industries and has, therefore, decided to reallocate its resources and to focus on those industries." On October 21, Tracinda sold the 7.3 million Ford shares at an average price of $ 2.43, and said it planned to cut further its existing 6.1 percent stake in Ford, for a potential total loss of more than half a billion dollars. Kerkorian sold his remaining stake in Ford on December 29, 2008. Kerkorian's net worth in 2008
12160-527: The gaming company, dropping from 53.8 percent to 39 percent and even after pledging to purchase 10 percent of the new stock offering they now remain minority owners. Kerkorian had an on-again/off-again relationship with the American auto industry. His involvement began in 1995 when with the assistance of retired Chrysler chairman and CEO Lee Iacocca , Kerkorian staged a takeover attempt of the Chrysler Corporation . Chrysler's management treated
12312-475: The government's restraint-of-trade action, United States v. Paramount Pictures, Inc. 334 US 131 (1948), Loews, Inc. gave up control of MGM. It would take another five years before the interlocking arrangements were completely undone, by which time both Loews and MGM were losing money. In 1956, Schary was ousted from MGM in another power struggle against the New York-based executives. Cost overruns and
12464-655: The grounds of the Doheny Ranch and developed it into the Trousdale Estates , convincing the city of Beverly Hills to annex it. The neighborhood has been home to Elvis Presley , Frank Sinatra , Dean Martin , Tony Curtis , Ray Charles , President Richard Nixon , as well as, in later years, Jennifer Aniston , David Spade , Vera Wang and John Rich . Following the 1979 Islamic Revolution in Iran , many Persian Jews settled in Beverly Hills. In
12616-516: The hands of the French bank, Crédit Lyonnais . Crédit Lyonnais invested significant sums to revive the moribund company and eventually sold it back to Kerkorian in 1996. Kerkorian soon expanded the company, purchasing Orion Pictures , The Samuel Goldwyn Company and Motion Picture Corporation of America from John Kluge 's Metromedia in 1997, and bought the pre-April 1996 PolyGram Filmed Entertainment library in 1999 from its parent Philips , which
12768-554: The hills in the area. The Los Angeles Times reported on September 2, 1906: Percy H. Clark Company are managing the development of the foothill portion of the Hammel & Denker ranch for the Rodeo Land and Water Company (the Canfield-Huntington-Kerckhoff syndicate), to be known as Beverly Hills. No expense is being spared to make this a fine suburban district. . . . The property has been laid out on beautiful curved lines. The first house in
12920-555: The hotel's enormous Showroom Internationale were Barbra Streisand and Elvis Presley . Presley brought in some 4,200 customers (and potential gamblers) every day for 30 days straight, breaking in the process all attendance records in the county's history. Kerkorian's International Leisure also bought the Flamingo Hotel ; eventually, both hotels were sold to the Hilton Hotels Corporation and were renamed
13072-477: The land from Kerkorian. The rent and eventual sale of the land to Caesars in 1968 made Kerkorian $ 9 million ($ 70 million today). In 1967, he bought 82 acres (33 ha) of land on Paradise Road in Las Vegas for $ 5 million and, with architect Martin Stern Jr. , built the International Hotel , which at the time was the largest hotel in the world. The first two performers to appear at
13224-615: The late 1990s, the Los Angeles County Metropolitan Transportation Authority (LACMTA) proposed to build an extension of the Metro D Line along Wilshire Boulevard and into Downtown Beverly Hills, but the city had opposed it. The D Line Extension will ultimately be completed by 2027 and will include a station at Wilshire Blvd and Rodeo Drive . In 2001, LACMTA then proposed a bus rapid transit route down Santa Monica Blvd., but this
13376-662: The latter of whom MGM supported. MGM and other film studios deducted a days pay from each of their employees to raise an anti-Sinclair fund that amounted to $ 500,000. Irving Thalberg was to lead MGM's anti-Sinclair campaign and the studio recruited Carey Wilson to create a series of anti-Sinclair propaganda films. These films, directed by Felix E. Feist , included fake newsreels of Sinclair supporters who were portrayed as bums and criminals. They were shown in Californian movie theaters, with one episode featuring hired actors as Sinclair supporters speaking with foreign accents. During
13528-419: The lot was sold to Sony Corporation's Columbia Pictures Entertainment in exchange for the half of Warner's lot that it had rented since 1972. Also in 1990, the MGM film company was purchased by Italian financier Giancarlo Parretti , who then merged the former Cannon with the MGM purchase to create the short-lived MGM-Pathé Communications . Parretti defaulted on the loans he'd used to buy MGM, leaving MGM in
13680-439: The mid-1950s, MGM could make a claim its rivals could not: the studio never lost money, although it did produce an occasional disaster such as Parnell (1937), Clark Gable's biggest flop. MGM was the only Hollywood studio that continued to pay dividends during the 1930s. MGM stars dominated the box office during the 1930s, and the studio was credited for inventing the Hollywood stable-of-stars system as well. MGM contracted with
13832-731: The midst of the 2015 drought , Beverly Hills was found to be one of the largest water consumers in California. As a result, it was asked by the state to reduce consumption by 36%, prompting many residents to replace their lawns with native plants . Meanwhile, the city government replaced the grass in front of the City Hall with Mexican sage . In September 2015, the City of Beverly Hills signed an agreement with Israel to work together on water use as well as "cybersecurity, public health, emergency services, disaster preparedness, public safety, counterterrorism and art and culture". In July 2016,
13984-426: The motion picture industry during the 1950s and 1960s; and although its films often did well at the box office, it lost significant amounts of money throughout the 1960s. In 1966, MGM was sold to Canadian investor Edgar Bronfman Sr. , whose son Edgar Jr. would later buy Universal Studios . Three years later, an increasingly unprofitable MGM was bought by Kirk Kerkorian , who slashed staff and production costs, forced
14136-521: The musical The Broadway Melody (1929), however, was both a box-office success and won the Academy Award as Best Picture of the Year. MGM was the last major studio to convert to sound. The studio's first all-color, "all-talking" sound feature with dialogue was the musical The Rogue Song in 1930. MGM included a sequence made in Technicolor's superior new three-color process, a musical number in
14288-508: The neighboring smaller city of West Hollywood to the east) is entirely surrounded by the city of Los Angeles . According to the 2020 census , the city has a population of 32,701, marking a decrease of 1,408 from the 2010 census count of 34,109. In American popular culture , Beverly Hills has been known primarily as an affluent location within Greater Los Angeles, which corresponds to higher property values and taxes in
14440-806: The northwest by the Los Angeles neighborhood of Bel-Air and the Santa Monica Mountains , on the east by West Hollywood, the Carthay neighborhood of Los Angeles, and the Fairfax District of Los Angeles, and on the south by the Beverlywood neighborhood of Los Angeles. The area's " Platinum Triangle " is formed by the city of Beverly Hills and the Los Angeles neighborhoods of Bel Air and Holmby Hills . The ZIP codes for Beverly Hills are 90209 (P.O. boxes only), 90210, 90211, 90212, and 90213 (P.O. boxes only). Most residents live in
14592-502: The otherwise black-and-white The Cat and the Fiddle (1934), starring Jeanette MacDonald and Ramon Novarro . The studio then produced a number of three-color short subjects including the musical La Fiesta de Santa Barbara (1935); the first complete Technicolor feature was Sweethearts (1938) with MacDonald and Nelson Eddy, the earlier of the popular singing team's two films in color. From then on, MGM regularly produced several films
14744-408: The plane crashing), Kerkorian preferred the direct "Iceland Wave" route, which blew the planes at jet-speed to Europe—but it was not constant, and could mean ditching . The fee was $ 1,000 per flight. Although accounts claim the risk was that one in four planes failed to make it, the actual rate was closer to one in forty . In May 1944, Kerkorian and his Wing Commander John de Lacy Wooldridge rode
14896-644: The population) lived in households, 121 (0.4%) lived in non-institutionalized group quarters, and 0 (0%) were institutionalized. There were 14,869 households, out of which 3,759 (25.3%) had children under the age of 18 living in them, 6,613 (44.5%) were opposite-sex married couples living together, 1,354 (9.1%) had a female householder with no husband present, 494 (3.3%) had a male householder with no wife present. There were 460 (3.1%) unmarried opposite-sex partnerships , and 131 (0.9%) same-sex married couples or partnerships . 5,400 households (36.3%) were made up of individuals, and 1,834 (12.3%) had someone living alone who
15048-553: The population) lived in owner-occupied housing units and 16,248 people (47.6%) lived in rental housing units. During 2009–2013, Beverly Hills had a median household income of $ 86,141, with 8.8% of the population living below the federal poverty line. As of the census of 2000, there were 33,784 people, 15,035 households, and 8,269 families residing in the city. The population density was 5,954.0 inhabitants per square mile (2,298.9/km ). There were 15,856 housing units at an average density of 2,794.4/mi (1,079.7/km ). The racial makeup of
15200-442: The pre-May 1986 MGM library, Associated Artists Productions (the pre-1950 Warner Bros. Pictures library and Fleischer Studios / Famous Studios Popeye cartoons) and RKO Radio Pictures libraries, as well as Gilligan's Island and its animated spin-offs The New Adventures of Gilligan and Gilligan's Planet . The MGM studio complex was sold to Lorimar-Telepictures , which was later acquired by Warner Bros.; in 1990,
15352-551: The present-day route of Wilshire Boulevard . The area was settled by Californio ranchera María Rita Quinteros de Valdez and her husband in 1828. They called their 4,500 acres (18 km ) of property the Rancho Rodeo de las Aguas . In 1854, she sold the ranch to Benjamin Davis Wilson (1811–1878) and Henry Hancock (1822–1883). By the 1880s, the ranch had been subdivided into parcels of 75 acres (0.30 km ) and
15504-503: The process. MGM released The Viking (1928), the first complete Technicolor feature with a synchronized score and sound effects, but no spoken dialogue. With the arrival of " talkies ", MGM moved slowly and reluctantly into the sound era, releasing features like White Shadows in the South Seas (1928) with music and sound effects, and Alias Jimmy Valentine (1928) with limited dialogue sequences. Their first full-fledged talkie,
15656-490: The purchase was made, Turner sold the United Artists subsidiary back to Kerkorian. Turner kept ownership of MGM from March 25 to August 26, 1986. He racked up huge debts and Turner simply could not afford to keep the studio under those circumstances. To recoup his investment, Turner sold the production/distribution assets and trademarks of MGM (including its post-April 1986 libraries) to United Artists while retaining
15808-461: The quality of the theaters' products. However, these purchases created a need for someone to oversee his new Hollywood operations, since longtime assistant Nicholas Schenck was needed in New York headquarters to oversee the 150 theaters. A solution came in the person of Louis B. Mayer , head of Louis B. Mayer Pictures. Loew bought the Mayer studio for $ 75,000. Loews Incorporated completed the merger of
15960-402: The release of its nearly four-hour Technicolor epic Ben–Hur , a remake of its 1925 silent film hit, loosely based on true story—despite being adapted from the novel by General Lew Wallace . Starring Charlton Heston in the title role, the film was critically acclaimed, and won 11 Academy Awards, including Best Picture, a record that held until Titanic matched it in 1997 and The Lord of
16112-533: The shorts, The Dogway Melody (1930), spoofed MGM's hit 1929 musical The Broadway Melody . MGM entered the music industry by purchasing the "Big Three" starting with Miller Music Publishing Co. in 1934, then Robbins Music Corporation. In 1935, MGM acquired a controlling interest in the capital stock of Leo Feist, Inc. , the last of the Big Three. In the 1934 California gubernatorial election Democratic Upton Sinclair ran against Republican Frank Merriam ,
16264-615: The struggling MGM and sold off massive amounts of historical memorabilia, including Dorothy's ruby slippers from the 1939 film The Wizard of Oz , the majority of the studio's backlots in Culver City and overseas operations such as the British MGM studio at Borehamwood. Kerkorian sold MGM's distribution system in 1973, and gradually distanced himself from the daily operation of the studio. He also owned minority interest in Columbia Pictures but his holdings were thwarted by
16416-710: The studio in 1953, leaving Hanna and Barbera to focus on the popular Tom and Jerry and Droopy series. After 1955, all cartoons were filmed in CinemaScope until MGM closed its cartoon division in 1957. In 1961, MGM resumed the release of new Tom and Jerry shorts, and production moved to Rembrandt Films in Prague , Czechoslovakia (now the Czech Republic) under the supervision of Gene Deitch , who had been hired away from Terrytoons . Although Deitch's Tom and Jerry cartoons were considered to be vastly inferior to
16568-515: The studio running much as it had through the early 1940s, though his sensibilities for hard-edged, message movies would never bear much fruit. One bright spot was MGM musical pictures, under the aegis of producer Arthur Freed , who was operating what amounted to an independent unit within the studio. MGM produced some well-regarded and profitable musicals that would later be acknowledged as classics, among them An American in Paris (1951), Singin' in
16720-459: The studio sought to be acquired by another company to pay its creditors. In May 2021, Amazon acquired MGM for US$ 8.45 billion ; the deal closed in March 2022. In October 2023, Amazon Studios absorbed MGM Holdings and rebranded itself as Amazon MGM Studios. As of 2023, its most commercially successful film franchises include Rocky and James Bond , while its most recent television productions include Fargo and The Handmaid's Tale . As
16872-429: The studio to produce low-quality, low-budget fare, and then ceased theatrical distribution in 1973. The studio continued to produce five to six films a year that were distributed through other studios, usually United Artists . Kerkorian did, however, commit to increased production and an expanded film library when he bought United Artists in 1981. MGM ramped up internal production, and kept production going at UA, which
17024-414: The studio's output. This management-by-committee resulted in MGM losing its momentum, developing few new stars, and relying on the safety of sequels and bland material. ( Dorothy Parker memorably referred to the studio as "Metro-Goldwyn-Merde".) Production values remained high, and even "B" pictures carried a polish and gloss that made them expensive to mount. After 1940, production was cut from 50 pictures
17176-507: The studio. MGM released David Lean 's immensely popular Doctor Zhivago (1965), later followed by such hits as The Dirty Dozen (1967), 2001: A Space Odyssey (1968) and Where Eagles Dare (1968). However the company's time was taken up fighting off proxy attacks by corporate raiders , and then MGM backed another series of box office failures, including the musical remake of Goodbye, Mr. Chips (1969) and Ryan's Daughter (1970). Weitman moved over to Columbia in 1967 and O'Brien
17328-474: The subdivision was built in 1907, but sales remained slow. Beverly Hills was one of many all-white planned communities started in the Los Angeles area around this time. Restrictive covenants prohibited non-whites from owning or renting property, unless they were employed as servants by white residents. It was also forbidden to sell or rent property to Jews in Beverly Hills. Burton Green began construction on The Beverly Hills Hotel in 1911. The hotel
17480-471: The success of the popular Laurel and Hardy films. In 1938, MGM purchased the rights to the Our Gang series from Roach and production of the successful series moved to the MGM studios, where it continued until 1944. From 1929 to 1931, MGM produced a series of comedy shorts called All Barkie Dogville Comedies , in which trained dogs were dressed up to parody contemporary films and were voiced by actors. One of
17632-458: The sure touch of Thalberg. As Thalberg's health deteriorated in 1936, Mayer could now serve as his temporary replacement. Rumors had begun circulating for some time that Thalberg was leaving MGM to set up his own independent company; his premature death at age 37 in September 1936 cost MGM dearly. After Thalberg's untimely death, Mayer became head of production, as well as studio chief, becoming
17784-407: The takeover as hostile, and after a lengthy battle, Kerkorian canceled his plans and sold his Chrysler stake in 1996. As part of the settlement, Iacocca was placed under a gag order forbidding him from discussing Chrysler in public or print for five years. Two years later, Chrysler management agreed to be acquired by German automaker Daimler-Benz . Kerkorian always drove an American vehicle, including
17936-473: The television rights for The Wizard of Oz to CBS , which scheduled it to be shown in November of that year. In a landmark event, the film became the first American theatrical fiction film to be shown complete in one evening on prime time television over a major American commercial network. ( Olivier's version of Hamlet was shown on prime time network TV a month later, but split in half over two weeks, and
18088-587: The unsuccessful Flip the Frog series and MGM began to distribute its second series of cartoons, starring a character named Willie Whopper , that was also produced by Iwerks. In 1934, after Iwerks' distribution contract expired, MGM contracted with animation producers/directors Hugh Harman and Rudolph Ising to produce a new series of color cartoons. Harman and Ising came to MGM after breaking ties with Leon Schlesinger and Warner Bros. and brought with them their popular Looney Tunes character, Bosko . These were known as Happy Harmonies , and in many ways resembled
18240-454: The utilities-related assets from the Rodeo Land and Water Company. In 1919, Douglas Fairbanks and Mary Pickford bought land on Summit Drive and built a mansion, finished in 1921 and nicknamed " Pickfair " by the press. The glamour associated with Fairbanks and Pickford as well as other movie stars who built mansions in the city contributed to its growing appeal. By the early 1920s, the population of Beverly Hills had grown enough to make
18392-539: The value of 45 years' worth of glamour associated with the name, which he attached to a Las Vegas hotel and casino . As for film-making, that part of the company was bleeding money and was quickly and severely downsized under the supervision of James T. Aubrey Jr. With changes in its business model including fewer pictures per year, more location shooting and more distribution of independent productions, MGM's operations were reduced. Aubrey sold off MGM's accumulation of props, furnishings and historical memorabilia, including
18544-431: The water supply a political issue. In 1923, the usual solution, annexation to the city of Los Angeles, was proposed. There was considerable opposition to annexation among such famous residents as Pickford, Fairbanks, Will Rogers and Rudolph Valentino . The Beverly Hills Utility Commission, opposed to annexation as well, managed to force the city into a special election and the plan was defeated 337 to 507. In 1928,
18696-411: The wave and broke the old crossing record. Wooldridge got to Scotland in six hours, 46 minutes; Kerkorian, in seven hours, nine minutes. In two and a half years with RAF Ferry Command , Kerkorian delivered 33 planes, logged thousands of hours, traveled to four continents and flew his first four-engine plane. After the war, having saved most of his wages, Kerkorian spent $ 5,000 on
18848-540: The year Mayer died), the studio lost money for the first time in its 34-year history. After Spencer Tracy left MGM in 1955, the only major star remaining under contract from MGM's heyday was Robert Taylor ; by 1960, MGM had released Taylor and the last of its contract players, with many either retiring or moving on to television. In 1958, MGM released what is generally considered its last great musical, Arthur Freed's Cinemascope color production of Gigi , starring Leslie Caron , Maurice Chevalier , and Louis Jourdan . It
19000-670: Was Harold Lloyd , the silent film star. The NAACP participated in the defense, which was successful. In his decision, federal judge Thurmond Clarke said that it was time that "members of the Negro race are accorded, without reservations or evasions, the full rights guaranteed to them under the 14th amendment." The United States Supreme Court declared restrictive covenants unenforceable in 1948 in Shelley v. Kraemer . A group of Jewish residents of Beverly Hills filed an amicus brief in this case. In 1956, Paul Trousdale (1915–1990) purchased
19152-550: Was $ 16 billion according to Forbes magazine, making him the 41st richest person in the world and the richest person in California at that time. By 2011, Kerkorian was among those hardest hit by the stock market recession as his net worth tumbled to $ 3.2 billion. In 2013, he was listed as the 412th richest person with a net worth of $ 3.9 billion. Kerkorian was an "intensely private person". He almost never gave interviews and seldom appeared in public. "Kerkorian rarely attended board meetings and never gave speeches. He
19304-407: Was 41 years. For every 100 females, there were 83.5 males. For every 100 females age 18 and over, there were 79.4 males. The median income for a household in the city was $ 70,945, and the median income for a family was $ 102,611. Males had a median income of $ 72,004 versus $ 46,217 for females. The per capita income for the city was $ 65,507. About 7.9% of families and 9.1% of the population were below
19456-421: Was 43.6 years. For every 100 females, there were 84.3 males. For every 100 females age 18 and over, there were 80.3 males. There were 16,394 housing units at an average density of 2,870.9 units per square mile (1,108.5 units/km ), of which 6,561 (44.1%) were owner-occupied, and 8,308 (55.9%) were occupied by renters. The homeowner vacancy rate was 2.2%; the rental vacancy rate was 8.0%. 17,740 people (52.0% of
19608-417: Was 65 years of age or older. The average household size was 2.29. There were 8,461 families (56.9% of all households); the average family size was 3.05. The population was spread out, with 6,623 people (19.4%) under the age of 18, 2,526 people (7.4%) aged 18 to 24, 8,540 people (25.0%) aged 25 to 44, 9,904 people (29.0%) aged 45 to 64, and 6,516 people (19.1%) who were 65 years of age or older. The median age
19760-463: Was adapted from the novel by Colette , and written by the team of Lerner and Loewe , who also wrote My Fair Lady and Camelot . Gigi was a box-office and critical success which won nine Academy Awards , including Best Picture . From it came several hit songs, including "Thank Heaven For Little Girls", "I Remember It Well", the "Waltz at Maxim's", and the Oscar-winning title song. The film
19912-488: Was also opposed by the city and never built. This stretch of road is served by less efficient Metro Rapid buses using pre-existing roadways. By 2010, traffic in Beverly Hills and surrounding areas had deteriorated enough that the city's habitual opposition had largely turned to support for subways within the city limits. As part of the D Line Extension project, the D Line of the Los Angeles Metro Rail
20064-564: Was being rapidly bought up by Anglos from Los Angeles and the East coast. Henry Hammel and Andrew H. Denker acquired most of it and used it for farming lima beans. At this point, the area was known as the Hammel and Denker Ranch. By 1888, they were planning to build a town called Morocco on their holdings. In 1900, Burton E. Green , Charles A. Canfield , Max Whittier , Frank H. Buck , Henry E. Huntington , William G. Kerckhoff , William F. Herrin , W.S. Porter, and Frank H. Balch formed
20216-597: 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. Even more deeply in debt, MGM was purchased by a joint venture between Kerkorian, producer Frank Mancuso , and Australia's Seven Network in 1996. The debt load from these and subsequent business deals negatively affected MGM's ability to survive as an independent motion picture studio. After
20368-477: Was continuing to thrive, particularly with the lucrative James Bond film franchise. It also incurred significant amounts of debt to increase production. The studio took on additional debt as a series of owners took charge in the 1980s and early 1990s. In 1986, Ted Turner bought MGM, but a few months later, sold the company back to Kerkorian to recoup massive debt, while keeping the library assets for himself. The series of deals left MGM even more heavily in debt. MGM
20520-497: Was earmarked for medical research, scholarships and other projects while the other half was earmarked to create the "Dream Fund" for charitable causes around the country. Most of the $ 2 billion estate was left to charity, with a three-person committee left to distribute the funds within three years. In December 2018, the estate settled with his 4th wife for $ 12.5 million, along with $ 10 million and $ 50 million for two philanthropic foundations, advised by his 4th wife. Armenia issued
20672-442: Was finished in 1912. The visitors drawn by the hotel were inclined to purchase land in Beverly Hills, and by 1914 the population had grown enough to qualify for incorporation as an independent city. That same year, the Rodeo Land and Water Company decided to separate its water business from its real estate business. The Beverly Hills Utility Commission was split off from the land company and incorporated in September 1914, buying all of
20824-470: Was forced to resign a few years later. In the mid-1960s, MGM began to diversify by investing in real estate. Edgar Bronfman Sr. purchased a controlling interest in MGM in 1966 (and was briefly chairman of the board in 1969), and in 1967 Time Inc. became the company's second-largest shareholder. In 1969, Kirk Kerkorian purchased 40 percent of MGM stock. What appealed to Kerkorian was MGM's asset value, which included subsidiary businesses, real estate, and
20976-495: Was gained for lavish productions that were sophisticated and polished to cater to an urban audience. Still, as the Great Depression deepened, MGM began to economize by "recycling" existing sets, costumes, and furnishings from previous projects. This recycling practice never let up once started. In addition, MGM saved money because it was the only one of the big five studios that did not own an off-site movie ranch . Until
21128-561: Was in process to sell PolyGram to Seagram . In 2005, Kerkorian sold MGM once more to a consortium led by Sony. He retained a 55% stake in MGM Mirage. On November 22, 2006, Kerkorian's Tracinda investment corporation offered to buy 15 million shares of MGM Mirage to increase his stake in the gambling giant from 56.3% to 61.7%, if approved. In May 2009, following the completion of a $ 1 billion stock offering by MGM Mirage, Kerkorian and Tracinda lost their majority ownership of
21280-680: Was in short supply at the time, so he sold the fuel from the planes' tanks, paid off his loan, and still had the airplanes. He operated the airline until 1968 when he sold it for $ 104 million to the Transamerica Corporation . In 1962, Kerkorian bought 80 acres (32 ha) in Las Vegas , across the Las Vegas Strip from the Flamingo for $ 960,000. This purchase led to the building of Caesars Palace , which rented
21432-409: Was intended in 2013 to be extended through Beverly Hills, adding two underground stations at Wilshire/La Cienega and Wilshire/Rodeo by the 2020s. The city of Beverly Hills widely opposed Proposition 8 , the 2008 ballot measure which repealed legal recognition of same-sex marriages. The proposition narrowly passed statewide, but in Beverly Hills, only 34% voted in favor, and 66% voted against it. In
21584-570: Was one of the worst disasters in Las Vegas history. The Clark County Fire Department reported 84 deaths in the fire; there were 87 deaths total, including three which occurred later as a result of injuries sustained in the fire. After only 8 months the MGM Grand reopened. Almost three months after the MGM fire, the Las Vegas Hilton caught fire, killing eight people. In 1986, Kerkorian sold the MGM Grand hotels in Las Vegas and Reno for $ 594 million to Bally Manufacturing . The Las Vegas property
21736-412: Was opened. In the early 1940s, black actors and businessmen had begun to move into Beverly Hills, despite the covenants allowing only whites to live in the city. A neighborhood improvement association attempted to enforce the covenant in court. The defendants included prominent artists Hattie McDaniel , Louise Beavers , and Ethel Waters . Among the white residents supporting the lawsuit against blacks
21888-464: Was originally a primarily agricultural community centered around Rancho Rodeo de las Aguas , a Mexican era rancho grant . Beverly Hills was first incorporated as a city in September 1914 by a group of investors who had failed to find oil but found water instead and eventually decided to develop it into a town. Gaspar de Portolá arrived in the area that would later become Beverly Hills on August 3, 1769, traveling along native trails which followed
22040-454: Was produced by MGM's trailer department as one of the compilation and promotional shows that imitated Disney's series Disneyland which was also on ABC . Parade was canceled by ABC in the 2nd quarter of 1956. MGM took bids for its movie library in 1956 from Lou Chesler and others, but decided on entering the TV market itself. Chesler had offered $ 50 million for the film library. MGM Television
22192-597: Was shy, but was a tough negotiator. Those who knew him describe him not as a Hughesian hermit, but as a gentle, gracious, normal guy." Kerkorian was an avid tennis player , played in tournaments, associated with other players like Lornie Kuhle, and routinely played with Alex Yemenidjian , a former MGM executive, and former owner of the Tropicana Las Vegas resort. He had a penchant for expensive clothes (especially custom-made outfits by Italian designer Brioni ), but drove relatively inexpensive vehicles, such as
22344-479: Was started with the hiring of Bud Barry to head up the operation in June 1956. MGM Television was to distribute its films to TV (starting with the networks), TV production and purchasing TV stations. TV production was expected to start with the 1957–58 season and was to include half-hour remakes of, or series based on, its pictures. Initial feature film sales focused on selling to the networks. The year 1957 also marked
22496-809: Was subsequently renamed Bally's . Spun off from Metro-Goldwyn-Mayer , MGM Resorts International owns and operates several properties, including the current MGM Grand , the Bellagio , the New York-New York , Mandalay Bay , The Luxor , Excalibur , Park MGM , the Cosmopolitan and the CityCenter complex in Las Vegas. MGM sold its Treasure Island Hotel and Casino property to billionaire and former New Frontier owner Phil Ruffin for $ 750 million. In 1969, Kerkorian appointed James Thomas Aubrey Jr. as president of MGM. Aubrey downsized
22648-490: Was terminated and she moved to Warner Brothers, where her career took a dramatic upturn. Garbo and Shearer never made another film after leaving the lot. Of the five stars, Loy and MacDonald were the only two whom Mayer later rehired, in 1947 and 1948 respectively; Crawford returned to MGM after Mayer's departure for the musical drama Torch Song in 1953. Increasingly, before and during World War II, Mayer came to rely on his "College of Cardinals"—senior producers who controlled
22800-609: Was the father of Bonder's daughter, an allegation which was later confirmed by DNA paternity testing . On August 10, 2006, the Los Angeles Times reported that Kerkorian's attorneys were being sued by Bonder because of their connection to former high-profile private investigator Anthony Pellicano , who in 2008 began serving a fifteen-year prison sentence for running a wiretapping scheme. Bonder's attorney alleged that Kerkorian's lawyers hired Pellicano to wiretap telephone calls between him and Kerkorian's ex-wife in order to gain
22952-641: Was the last MGM musical to win a Best Picture Oscar, an honor that had previously gone to The Broadway Melody (1929), The Great Ziegfeld (1936), and An American in Paris (1951). The last musical film produced by the " Freed Unit " was an adaptation of the Broadway musical Bells Are Ringing (1960) with Judy Holliday and Dean Martin . However, MGM did release later musical films, including an adaptation of Meredith Willson 's The Unsinkable Molly Brown (1964) with Debbie Reynolds and Harve Presnell . MGM's first television program, The MGM Parade ,
23104-432: Was the president and CEO of Tracinda Corporation , his private holding company based in Beverly Hills, California . Kerkorian was one of the important figures in the shaping of Las Vegas and, with architect Martin Stern Jr. , is described as the "father of the mega-resort ". He built the world's largest hotel in Las Vegas three times: the International Hotel (opened in 1969), the original MGM Grand Hotel (1973) and
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