The Premiere Network, or MGM/UA Premiere Network, was an ad hoc television network created by Metro-Goldwyn-Mayer / United Artists , which announced plans to launch in 1984, originally set for an October launch. By 1991 , the name was shortened to simply the MGM Premiere Network .
104-461: In 1982, Metro-Goldwyn-Mayer Television was renamed MGM/UA Television Distribution after the merger with United Artists the previous year. In 1984, MGM/UA TV launched an ad hoc TV network, MGM/UA Premiere Network , with movies. The MGM/UA Premiere Network along with MCA TV 's Universal Pictures Debut Network came as a response to the weakened network television market for films in packages. To put things into perspective, virtually all movies in
208-432: A bimetallic standard of 371.25 grains (24.057 g) (0.7734375 troy ounces) fine silver or, from 1834 , 23.22 grains (1.505 g) fine gold, or $ 20.67 per troy ounce . The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $ 35 per troy ounce . In 1971 all links to gold were repealed. The U.S. dollar became an important international reserve currency after
312-553: A 20 percent stake in the common shares of the joint venture, with the remaining 20 percent of common shares held by lawyer and advisor William Gibbs McAdoo . The idea for the venture originated with Fairbanks, Chaplin, Pickford and cowboy star William S. Hart a year earlier. Already Hollywood veterans, the four stars talked of forming their own company to better control their own work. They were spurred on by established Hollywood producers and distributors who were tightening their control over actor salaries and creative decisions,
416-553: A century later. Other successful projects backed in this period included the Pink Panther series, which began in 1964, and Spaghetti Westerns , which made a star of Clint Eastwood in the films of A Fistful of Dollars , For a Few Dollars More and The Good, The Bad and The Ugly . In 1964, the French subsidiary, Les Productions Artistes Associés, released its first production That Man from Rio . In 1965, UA released
520-405: A deal with the studio to produce films and TV shows. United States dollar This is an accepted version of this page The United States dollar ( symbol : $ ; currency code : USD ; also abbreviated US$ to distinguish it from other dollar-denominated currencies ; referred to as the dollar , U.S. dollar , American dollar , or colloquially buck ) is the official currency of
624-487: A dollar are emitted as Federal Reserve Notes , disregarding these special cases: In the 16th century, Count Hieronymus Schlick of Bohemia began minting coins known as joachimstalers , named for Joachimstal , the valley in which the silver was mined. In turn, the valley's name is titled after Saint Joachim , whereby thal or tal , a cognate of the English word dale , is German for 'valley.' The joachimstaler
728-757: A dollar, and dimes at 0.100 of a dollar. After the adoption of the United States Constitution , the U.S. dollar was defined by the Coinage Act of 1792 . It specified a "dollar" based on the Spanish milled dollar to contain 371 + 4 ⁄ 16 grains of fine silver, or 416.0 grains (26.96 g) of "standard silver" of fineness 371.25/416 = 89.24%; as well as an "eagle" to contain 247 + 4 ⁄ 8 grains of fine gold, or 270.0 grains (17.50 g) of 22 karat or 91.67% fine gold. Alexander Hamilton arrived at these numbers based on
832-648: A few cases, U.S. coins) used in circulation. The monetary policy of the United States is conducted by the Federal Reserve System , which acts as the nation's central bank . As of February 10, 2021, currency in circulation amounted to US$ 2.10 trillion , $ 2.05 trillion of which is in Federal Reserve Notes (the remaining $ 50 billion is in the form of coins and older-style United States Notes ). As of September 20, 2023,
936-545: A grain of pure, or four hundred and sixteen grains of standard silver. Section 20 of the Act designates the United States dollar as the unit of currency of the United States: [T]he money of account of the United States shall be expressed in dollars, or units...and that all accounts in the public offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. Unlike
1040-575: A limited extent" as money. Treasury Notes were again printed to help resolve the reduction in public revenues resulting from the Panic of 1837 and the Panic of 1857 , as well as to help finance the Mexican–American War and the Civil War . Paper money was issued again in 1862 without the backing of precious metals due to the Civil War . In addition to Treasury Notes, Congress in 1861 authorized
1144-473: A local company. In 1941, Pickford, Chaplin, Disney, Orson Welles , Goldwyn, Selznick, Alexander Korda, and Wanger—many of whom were members of United Artists—formed the Society of Independent Motion Picture Producers (SIMPP). Later members included Hunt Stromberg , William Cagney , Sol Lesser , and Hal Roach . The Society aimed to advance the interests of independent producers in an industry controlled by
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#17328024911311248-609: A new company with Darryl F. Zanuck , called Twentieth Century Pictures , which soon provided four pictures a year, forming half of UA's schedule. Schenck formed a separate partnership with Pickford and Chaplin to buy and build theaters under the United Artists name. They began international operations, first in Canada, and then in Mexico. By the end of the 1930s, United Artists was represented in over 40 countries. When he
1352-461: A process that evolved into the studio system . With the addition of Griffith, planning began, but Hart bowed out before anything was formalized. When he heard about their scheme, Richard A. Rowland , head of Metro Pictures , apparently said, "The inmates are taking over the asylum." The four partners, with advice from McAdoo (son-in-law and former Treasury Secretary of then-President Woodrow Wilson ), formed their distribution company. Hiram Abrams
1456-447: A profitable rental library, including Associated Artists Productions , owners of Warner Bros. pre-1950 features, shorts and cartoons and 231 Popeye cartoon shorts purchased from Paramount Pictures in 1958, becoming United Artists Associated , its distribution division. In 1963, UA released two Stanley Kramer films, It's A Mad, Mad, Mad, Mad World and A Child Is Waiting . In 1964, UA introduced U.S. film audiences to
1560-678: A series of revisions to the gold peg was implemented, culminating in the Nixon Shock of August 15, 1971, which suddenly ended the convertibility of dollars to gold. The U.S. dollar has since floated freely on the foreign exchange markets . Congress continued to issue paper money after the Civil War, the latest of which is the Federal Reserve Note that was authorized by the Federal Reserve Act of 1913 . Since
1664-481: A substantial success, Moulin Rouge (1952). As well as The African Queen UA also had success with High Noon in their first year, earning a profit of $ 313,000 compared to a loss of $ 871,000 the previous year. Other clients followed, among them Stanley Kramer , Otto Preminger , Hecht-Hill-Lancaster Productions , and actors newly freed from studio contracts and seeking to produce or direct their own films. With
1768-416: A total of $ 72 million to the studio on the initial 24 films involved, whereas had those films had gone directly to syndication, the total revenue would have been no more than $ 30 million. Another $ 500,000 would have been added to the four or five million dollars the film might have generated in its first cable airing. Based on various assumptions, MGM/UA believed that they could gross $ 24 million in total from
1872-487: A treasury assay of the average fine silver content of a selection of worn Spanish dollars , which came out to be 371 grains. Combined with the prevailing gold-silver ratio of 15, the standard for gold was calculated at 371/15 = 24.73 grains fine gold or 26.98 grains 22K gold. Rounding the latter to 27.0 grains finalized the dollar's standard to 24.75 grains of fine gold or 24.75*15 = 371.25 grains = 24.0566 grams = 0.7735 troy ounces of fine silver. The same coinage act also set
1976-481: A two-year period, where MGM received 10½ minutes of advertising time within a two-hour movie telecast in prime time , while its stations would retain 11½ minutes. After this particular run, the movies featured on the Premiere Network could be marketed to cable television for an exclusive six month long run. They would then go back to the stations for purchase on a cash basis. The plan was estimated to bring
2080-402: A wild idea: let them take over United Artists for ten years. If UA was profitable in one of the next three years, they would have the option to acquire half the company by the end of the ten years and take full control. Fox Film Corporation president Spyros Skouras extended United Artists a $ 3 million loan through Krim and Benjamin's efforts. In taking over UA, Krim and Benjamin created
2184-432: Is an American film production company owned by Amazon MGM Studios . In its original operating period, UA was founded in 1919 by Charlie Chaplin , D.W. Griffith , Mary Pickford and Douglas Fairbanks as a venture premised on allowing actors to control their own financial and artistic interests rather than being dependent upon commercial studios. After numerous ownership and structural changes and revamps, United Artists
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#17328024911312288-454: Is one of the first words of Section 9, in which the term refers to the Spanish milled dollar , or the coin worth eight Spanish reales . In 1792, the U.S. Congress passed the Coinage Act , of which Section 9 authorized the production of various coins, including: Dollars or Units —each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of
2392-460: Is that it is derived from the Pillars of Hercules on the Spanish coat of arms of the Spanish dollar . These Pillars of Hercules on the silver Spanish dollar coins take the form of two vertical bars ( || ) and a swinging cloth band in the shape of an S . Yet another explanation suggests that the dollar sign was formed from the capital letters U and S written or printed one on top of
2496-457: The 1971 screen version of Fiddler on the Roof . However, the 1972 film version of Man of La Mancha was a failure. New talent was encouraged, including Woody Allen , Robert Altman , Sylvester Stallone , Saul Zaentz , Miloš Forman , and Brian De Palma . With UA being the distributor for Woody Allen's Bananas (1971), it started as the distributor for a series of Woody Allen films. With
2600-468: The Coinage Act of 1834 the dollar's fine gold equivalent was revised to 23.2 grains; it was slightly adjusted to 23.22 grains (1.505 g) in 1837 (gold-silver ratio ~16). The same act also resolved the difficulty in minting the "standard silver" of 89.24% fineness by revising the dollar's alloy to 412.5 grains, 90% silver, still containing 371.25 grains fine silver. Gold was also revised to 90% fineness: 25.8 grains gross, 23.22 grains fine gold. Following
2704-551: The Comstock Lode in the 1870s. This was the so-called "Crime of '73". The Gold Standard Act of 1900 repealed the U.S. dollar's historic link to silver and defined it solely as 23.22 grains (1.505 g) of fine gold (or $ 20.67 per troy ounce of 480 grains). In 1933, gold coins were confiscated by Executive Order 6102 under Franklin D. Roosevelt , and in 1934 the standard was changed to $ 35 per troy ounce fine gold, or 13.71 grains (0.888 g) per dollar. After 1968
2808-545: The Continental Congress resolved that the money unit of the United States, the dollar, would contain 375.64 grains of fine silver; on August 8, 1786, the Continental Congress continued that definition and further resolved that the money of account, corresponding with the division of coins, would proceed in a decimal ratio , with the sub-units being mills at 0.001 of a dollar, cents at 0.010 of
2912-526: The Dutch pioneered in modern-day New York in the 17th century the use and the counting of money in silver dollars in the form of German-Dutch reichsthalers and native Dutch leeuwendaalders ('lion dollars'), it was the ubiquitous Spanish American eight-real coin which became exclusively known as the dollar since the 18th century. The colloquialism buck(s) (much like the British quid for
3016-630: The First World War , and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War . The dollar is the most widely used currency in international transactions , and a free-floating currency . It is also the official currency in several countries and the de facto currency in many others, with Federal Reserve Notes (and, in
3120-479: The Mirisch brothers , Billy Wilder , Joseph E. Levine and others. In 1961, United Artists released West Side Story , which won ten Academy Awards (including Best Picture ). In 1960, UA purchased Ziv Television Programs . UA's television division was responsible for shows such as Gilligan's Island , The Fugitive , Outer Limits , and The Patty Duke Show . The television unit had begun to build up
3224-488: The United States and several other countries . The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar , divided it into 100 cents , and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes , popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under
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3328-401: The pound sterling ) is often used to refer to dollars of various nations, including the U.S. dollar. This term, dating to the 18th century, may have originated with the colonial leather trade, or it may also have originated from a poker term. Greenback is another nickname, originally applied specifically to the 19th-century Demand Note dollars, which were printed black and green on
3432-635: The 1980s. As part of the deal, UA acquired MGM's music publishing operation, Robbins, Feist, Miller. In 1975, Harry Saltzman sold UA his 50 percent stake in Danjaq , the holding-company for the Bond films. UA released One Flew Over the Cuckoo's Nest in 1975, which won the Best Picture Academy Award and was UA's highest-grossing film, with a gross of $ 163 million. UA followed with
3536-479: The American , written by and starring Fairbanks, was a success. Funding for movies was limited. Without selling stock to the public like other studios, all United had for finance was weekly prepayment installments from theater owners for upcoming movies. As a result, production was slow, and the company distributed an average of only five films a year in its first five years. By 1924, Griffith had dropped out, and
3640-590: The Beatles by releasing A Hard Day's Night (1964) and Help! (1965). At the same time, it backed two expatriate North Americans in Britain, who had acquired screen rights to Ian Fleming 's James Bond novels. For $ 1 million, UA backed Harry Saltzman and Albert Broccoli 's Dr. No in 1963 and launched the James Bond franchise . The franchise outlived UA's time as a major studio, continuing half
3744-529: The Constitution provides that "a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time", which is further specified by Section 331 of Title 31 of the U.S. Code. The sums of money reported in the "Statements" are currently expressed in U.S. dollars, thus the U.S. dollar may be described as the unit of account of the United States. "Dollar"
3848-582: The Federal Reserve estimated that the total amount of currency in circulation was approximately US$ 2.33 trillion . Article I , Section 8 of the U.S. Constitution provides that Congress has the power "[t]o coin money ." Laws implementing this power are currently codified in Title 31 of the U.S. Code , under Section 5112, which prescribes the forms in which the United States dollars should be issued. These coins are both designated in
3952-560: The James Bond, Pink Panther, and Woody Allen films, UA had a series of films based on well known characters in the 1970s. In 1973, United Artists took over the sales and distribution of MGM 's films in Anglo-America . Cinema International Corporation assumed international distribution rights for MGM's films and carried on to United International Pictures (made from CIC and UA's International assets being owned by partner MGM) in
4056-507: The Premiere Network run, $ 12 million from the pay TV window, and $ 1.2 million per title in the stage three syndication phase. According to MGM/UA television president Lawrence E. Gershman, the plan was born "out of necessity" to offset a disturbing drop in revenues. MGM/UA initially spent $ 1 million to promote the Premiere Network. In the past, the major networks turned some of MGM/UA's films down flat, while in other cases, they had offered fees that Gershman considered too low. Gershman added that
4160-948: The Spanish milled dollar, the Continental Congress and the Coinage Act prescribed a decimal system of units to go with the unit dollar, as follows: the mill , or one-thousandth of a dollar; the cent , or one-hundredth of a dollar; the dime , or one-tenth of a dollar; and the eagle , or ten dollars. The current relevance of these units: The Spanish peso or dollar was historically divided into eight reales (colloquially, bits ) – hence pieces of eight . Americans also learned counting in non-decimal bits of 12 + 1 ⁄ 2 cents before 1857 when Mexican bits were more frequently encountered than American cents; in fact this practice survived in New York Stock Exchange quotations until 2001. In 1854, Secretary of
4264-540: The Treasury James Guthrie proposed creating $ 100, $ 50, and $ 25 gold coins, to be referred to as a union , half union , and quarter union , respectively, thus implying a denomination of 1 Union = $ 100. However, no such coins were ever struck, and only patterns for the $ 50 half union exist. When currently issued in circulating form, denominations less than or equal to a dollar are emitted as U.S. coins , while denominations greater than or equal to
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4368-854: The Treasury to borrow $ 50 million in the form of Demand Notes , which did not bear interest but could be redeemed on demand for precious metals. However, by December 1861, the Union government's supply of specie was outstripped by demand for redemption and they were forced to suspend redemption temporarily. In February 1862 Congress passed the Legal Tender Act of 1862 , issuing United States Notes , which were not redeemable on demand and bore no interest, but were legal tender , meaning that creditors had to accept them at face value for any payment except for public debts and import tariffs. However, silver and gold coins continued to be issued, resulting in
4472-648: The United Artists brand as United Artists Digital Studios for the Stargate Origins web series as part of its Stargate franchise , but retired the name after 2019 and instead used its eponymous brand for subsequent releases. A local joint distribution venture between MGM and Annapurna Pictures launched on October 31, 2017 was rebranded as United Artists Releasing on February 5, 2019, in honor of its 100th anniversary. However, Amazon , MGM's now-parent company, folded UAR into MGM on March 4, 2023, citing "newfound theatrical release opportunities" following
4576-450: The United States and to supervise its banking system, particularly in the aftermath of the Panic of 1907 . For most of the post-war period, the U.S. government has financed its own spending by borrowing heavily from the dollar-lubricated global capital markets, in debts denominated in its own currency and at minimal interest rates. This ability to borrow heavily without facing a significant balance of payments crisis has been described as
4680-625: The United States until the Coinage Act of 1857 . In particular, colonists' familiarity with the Spanish two- real quarter peso was the reason for issuing a quasi-decimal 25-cent quarter dollar coin rather than a 20-cent coin. For the relationship between the Spanish dollar and the individual state colonial currencies, see Connecticut pound , Delaware pound , Georgia pound , Maryland pound , Massachusetts pound , New Hampshire pound , New Jersey pound , New York pound , North Carolina pound , Pennsylvania pound , Rhode Island pound , South Carolina pound , and Virginia pound . On July 6, 1785,
4784-402: The United States was a significant recipient of wartime gold inflows. After the United States emerged as an even stronger global superpower during the Second World War , the Bretton Woods Agreement of 1944 established the U.S. dollar as the world's primary reserve currency and the only post-war currency linked to gold. Despite all links to gold being severed in 1971, the dollar continues to be
4888-448: The affiliates up because hey are hungry for product and recognize this was a situation where everybody won. In other words, they could sell their advertising spots for more money than they could have if the movies had already appeared on network television. The independent stations get the films for no charge during that first month. Instead of paying a fee, the stations agree to relinquish 10 1/2 (of 23) advertising minutes to MGM/UA, so that
4992-512: The anticipated George Stevens' production of The Greatest Story Ever Told and was at the time, the most expensive film which was budgeted at $ 20 million. Max Von Sydow, in the role of Jesus Christ, led an all-star cast which included Charlton Heston, Roddy McDowell, Martin Landau, Dorothy McGuire, Sal Mineo, Ina Balin, Joanna Dunham, David McCallum, Nehemiah Persoff, Donald Pleasence, José Ferrer and Ed Wynn. The film did not make back its budget and
5096-521: The average Spanish dollar in circulation. The new U.S. silver dollar of 371.25 grains (24.057 g) therefore compared favorably and was received at par with the Spanish dollar for foreign payments, and after 1803 the United States Mint had to suspend making this coin out of its limited resources since it failed to stay in domestic circulation. It was only after Mexican independence in 1821 when their peso's fine silver content of 377.1 grains
5200-500: The backside, created by Abraham Lincoln to finance the North for the Civil War . It is still used to refer to the U.S. dollar (but not to the dollars of other countries). The term greenback is also used by the financial press in other countries, such as Australia , New Zealand , South Africa , and India . Other well-known names of the dollar as a whole in denominations include greenmail , green , and dead presidents ,
5304-700: The box-office opening success of Creed III . In July 2024, Amazon MGM Studios announced the company's revival, entering a multi-year first look deal with film producer Scott Stuber , who will also be involved with all releases under the freshly revived banner. In 1918, Charlie Chaplin could not get his parent company First National Pictures to increase his production budget despite being one of their top producers. Mary Pickford and Douglas Fairbanks had their own contracts, with First National and Famous Players–Lasky respectively, but these were due to run out with no clear offers forthcoming. Sydney Chaplin, brother and business manager for Charlie, deduced something
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#17328024911315408-440: The buying and selling of goods. This allowed the value of things to remain fairly constant over time, except for the influx and outflux of gold and silver in the nation's economy. Though a Spanish dollar freshly minted after 1772 theoretically contained 417.7 grains of silver of fineness 130/144 (or 377.1 grains fine silver), reliable assays of the period in fact confirmed a fine silver content of 370.95 grains (24.037 g) for
5512-642: The byline "A Transamerica Company" be removed on the prints and in all advertising. At one point, the parent company expressed its desire to phase out the UA name and replace it with Transamerica Films. Krim tried to convince Transamerica to spin off United Artists, but he and Transamerica's chairman could not come to an agreement. Finally in 1978, following a dispute with Transamerica chief John R. Beckett over administrative expenses, UA's top executives, including chairman Krim, president Eric Pleskow , Benjamin and other key officers walked out. Within days they announced
5616-415: The company was facing a crisis. Veteran producer Joseph Schenck was hired as president. He had produced pictures for a decade, and brought commitments for films starring his wife, Norma Talmadge , his sister-in-law, Constance Talmadge , and his brother-in-law, Buster Keaton . Contracts were signed with independent producers, including Samuel Goldwyn , and Howard Hughes . In 1933, Schenck organized
5720-408: The company. The company made Marty which won 1955's Palme d'Or and Best Picture Oscar. 12 Angry Men (1957) which according to Krim before home video, was being seen on TV 24 hours a day, 365 days a year some place in the world. By 1958, UA was making annual profits of $ 3 million a year. United Artists went public in 1957 with a $ 17 million stock and debenture offering. The company
5824-414: The currency, a practice compared to the policies of European monarchs. The currency as we know it today did not get the faces they currently have until after the early 20th century; before that "heads" side of coinage used profile faces and striding, seated, and standing figures from Greek and Roman mythology and composite Native Americans. The last coins to be converted to profiles of historic Americans were
5928-632: The depreciation of the newly printed notes through Gresham's law . In 1869, Supreme Court ruled in Hepburn v. Griswold that Congress could not require creditors to accept United States Notes, but overturned that ruling the next year in the Legal Tender Cases . In 1875, Congress passed the Specie Payment Resumption Act , requiring the Treasury to allow U.S. Notes to be redeemed for gold after January 1, 1879. Though
6032-668: The dime (1946), the half Dollar (1948), and the Dollar (1971). After the American Revolution , the Thirteen Colonies became independent . Freed from British monetary regulations, they each issued £sd paper money to pay for military expenses. The Continental Congress also began issuing "Continental Currency" denominated in Spanish dollars. For its value relative to states' currencies, see Early American currency . Continental currency depreciated badly during
6136-426: The discontinuation of all other types of notes (Gold Certificates in 1933, Silver Certificates in 1963, and United States Notes in 1971), U.S. dollar notes have since been issued exclusively as Federal Reserve Notes . The U.S. dollar first emerged as an important international reserve currency in the 1920s, displacing the British pound sterling as it emerged from the First World War relatively unscathed and since
6240-421: The dollar came under the gold standard de jure only after 1900, the bimetallic era was ended de facto when the Coinage Act of 1873 suspended the minting of the standard silver dollar of 412.5 Troy grains = 26.73 g; 0.859 ozt, the only fully legal tender coin that individuals could convert bullion into in unlimited (or Free silver ) quantities, and right at the onset of the silver rush from
6344-418: The early 1980s played on the cable television services before being made available for network showings. Thus, this resulted in the audience for many movies on network television diminishing dramatically. The service was expected to broadcast 24 movies in double-runs once a month for two years. These films had never previously been shown on network television. The package would be sold on a barter basis over
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#17328024911316448-435: The film making business, and put United Artists on the market. Kirk Kerkorian 's Tracinda Corp. purchased the company in 1981. Tracinda also owned Metro-Goldwyn-Mayer. In 1981, United Artists Classics, which formerly re-released library titles, was turned into a first-run art film distributor by Nathaniel T. Kwit, Jr. Tom Bernard was hired as the division director, as well as handling theatrical sales, and Ira Deutchman
6552-528: The first studio without an actual "studio". Primarily acting as bankers, they offered money to independent producers. UA leased space at the Pickford/Fairbanks Studio but did not own a studio lot. Thus UA did not have the overhead, the maintenance, or the expensive production staff at other studios. Among their first clients were Sam Spiegel and John Huston , whose Horizon Productions gave UA one major hit, The African Queen (1951) and
6656-410: The formation of Orion Pictures , with backing from Warner Bros . The departures concerned several Hollywood figures enough that they took out an ad in a trade paper warning Transamerica that it had made a fatal mistake in letting them go. Later that year, it entered into a partnership with Lorimar Productions , whereas United Artists would distribute Lorimar's feature films theatrically, while Lorimar
6760-461: The group ceased operations. Needing a turnaround, Pickford and Chaplin hired Paul V. McNutt in 1950, a former governor of Indiana, as chairman and Frank L. McNamee as president. McNutt did not have the skill to solve UA's financial problems and the pair was replaced after only a few months. On February 15, 1951, lawyers-turned-producers Arthur B. Krim (of Eagle-Lion Films ), Robert Benjamin and Matty Fox approached Pickford and Chaplin with
6864-542: The group was consolidated into one entity as United Artists Records and in 1979, EMI acquired the division which included Blue Note Records . In 1959, after failing to sell several pilots, United Artists offered its first ever television series, The Troubleshooters , and later released its first sitcom, The Dennis O'Keefe Show . In the 1960s, mainstream studios fell into decline and some were acquired or diversified. UA prospered while winning 11 Academy Awards, including five for Best Picture, adding relationships with
6968-444: The instability in the film industry due to theater divestment, the business was considered risky. In 1955, movie attendance reached its lowest level since 1923. Chaplin sold his 25 percent share during this crisis to Krim and Benjamin for $ 1.1 million, followed a year later by Pickford who sold her share for $ 3 million. In the late 1950s, United Artists produced two modest films that became financial and critical successes for
7072-685: The label was briefly rechristened in 1984 as MGM/UA Classics before it ceased operating in the late 1980s. The merged studios became known as the MGM/UA Entertainment Company and in 1982 began launching new subsidiaries: the MGM/UA Home Entertainment Group , MGM/UA Classics and MGM/UA Television Group . Kerkorian also bid for the remaining, outstanding public stock, but dropped his bid, facing lawsuits and vocal opposition. In 1981, Fred Silverman and George Reeves via InterMedia Entertainment struck
7176-397: The latter of which referring to the deceased presidents pictured on most bills. Dollars in general have also been known as bones (e.g. "twenty bones" = $ 20). The newer designs, with portraits displayed in the main body of the obverse (rather than in cameo insets), upon paper color-coded by denomination, are sometimes referred to as bigface notes or Monopoly money . Piastre
7280-401: The modern-day World Bank Group , establishing the infrastructure for conducting international payments and accessing the global capital markets using the U.S. dollar. The monetary policy of the United States is conducted by the Federal Reserve System , which acts as the nation's central bank . It was founded in 1913 under the Federal Reserve Act in order to furnish an elastic currency for
7384-468: The movie would play when it later became part of a 30 title syndication block. This because good track records give them a familiarity with TV watchers that encourages repeat viewing. From September 4, 1988 through January 1, 1989, the Premiere Network earned a 7.5 rating. This placed it at eleventh place among the top barter series for the first 16 weeks of the 1988–89 United States television season . United Artists United Artists ( UA )
7488-595: The next two years' Best Picture Oscar winners, Rocky and Annie Hall , becoming the first studio to win the award for three years running and also to become the studio with the most Best Picture winners at that time, with 11. However, Transamerica was not pleased with UA's releases such as Midnight Cowboy and Last Tango in Paris that were rated X by the Motion Picture Association of America . In these instances, Transamerica demanded
7592-517: The numerical amount, is used for the U.S. dollar (as well as for many other currencies). The sign was perhaps the result of a late 18th-century evolution of the scribal abbreviation p for the peso , the common name for the Spanish dollars that were in wide circulation in the New World from the 16th to the 19th centuries. The p and the s eventually came to be written over each other giving rise to $ . Another popular explanation
7696-561: The other. This theory, popularized by novelist Ayn Rand in Atlas Shrugged , does not consider the fact that the symbol was already in use before the formation of the United States. The U.S. dollar was introduced at par with the Spanish-American silver dollar (or Spanish peso , Spanish milled dollar , eight-real coin , piece-of-eight ). The latter was produced from the rich silver mine output of Spanish America ,
7800-404: The package deal and wanted the studio's distribution rights to the film terminated, plus $ 50 million in punitive damages . According to MGM/UA, if the initial 24 films drew strong ratings , then they would continue selling most of its films to television in this manner and hoped to add to the number of participating stations. According to journalist John Dempsey, the higher the rating, the better
7904-517: The resignation of Albeck, who was replaced by Norbert Auerbach. United Artists recorded a major loss for the year due almost entirely to the box-office failure of Heaven's Gate . It destroyed UA's reputation with Transamerica and the greater Hollywood community. However, it may have saved the United Artists name; UA's final head before the sale, Steven Bach , wrote in his book Final Cut that there had been talk about renaming United Artists to Transamerica Pictures. In 1980, Transamerica decided to exit
8008-487: The rise in the price of silver during the California Gold Rush and the disappearance of circulating silver coins, the Coinage Act of 1853 reduced the standard for silver coins less than $ 1 from 412.5 grains to 384 grains (24.9 g), 90% silver per 100 cents (slightly revised to 25.0 g, 90% silver in 1873). The Act also limited the free silver right of individuals to convert bullion into only one coin,
8112-572: The section as " legal tender " in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, in contrast to the American Silver Eagle which is pure silver . Section 5112 also provides for the minting and issuance of other coins, which have values ranging from one cent ( U.S. Penny ) to 100 dollars. These other coins are more fully described in Coins of the United States dollar . Article I, Section 9 of
8216-552: The silver dollar at the rate of 1 silver dollar to 1000 continental dollars. This resulted in the clause "No state shall... make anything but gold and silver coin a tender in payment of debts" being written into the United States Constitution article 1, section 10 . From implementation of the 1792 Mint Act to the 1900 implementation of the gold standard , the dollar was on a bimetallic silver-and-gold standard, defined as either 371.25 grains (24.056 g) of fine silver or 24.75 grains of fine gold (gold-silver ratio 15). Subsequent to
8320-477: The silver dollar of 412.5 grains; smaller coins of lower standard can only be produced by the United States Mint using its own bullion. Summary and links to coins issued in the 19th century: In order to finance the War of 1812 , Congress authorized the issuance of Treasury Notes , interest-bearing short-term debt that could be used to pay public dues. While they were intended to serve as debt, they did function "to
8424-592: The studio can sell those advertising spots itself. Also, each station agreed to run 75 on the air promotional spots announcing the MGM/UA Premiere Network. The Premiere Network was distributed in part by LBS Communications . The very first film to air on the Premiere Network when it launched on November 10, 1984, was 1981's Clash of the Titans followed by Pennies from Heaven in December. It
8528-607: The studio system. SIMPP fought to end what were considered to be anti-competitive practices by the seven major film studios—Loew's (MGM), Columbia Pictures , Paramount Pictures , Universal Pictures , RKO Radio Pictures, 20th Century Fox, and Warner Bros./First National —that controlled the production, distribution, and exhibition of motion pictures. In 1942, SIMPP filed an antitrust suit against Paramount's United Detroit Theatres . The complaint accused Paramount of conspiracy to control first-and subsequent-run theaters in Detroit. This
8632-1156: The three networks were just not buying pictures in groups anymore, so they had to get revenue from somewhere else. By the summer of 1984, the network had signed affiliation agreements with eight television stations in large markets. 100 television stations were signed as affiliates by October 1984, with the planned launch pushed back and set for November 10 of that year. Among these stations were WPIX in New York , KTLA in Los Angeles and WGN in Chicago . Other stations affiliated included KMPH-TV in Fresno , KTMA in Minneapolis , KCPQ in Seattle , KCAU in Sioux City , WTTG in Washington, D.C. According to Lawrence E. Gershman, it only took two or three months to line
8736-414: The value of an eagle at 10 dollars, and the dollar at 1 ⁄ 10 eagle. It called for silver coins in denominations of 1, 1 ⁄ 2 , 1 ⁄ 4 , 1 ⁄ 10 , and 1 ⁄ 20 dollar, as well as gold coins in denominations of 1, 1 ⁄ 2 and 1 ⁄ 4 eagle. The value of gold or silver contained in the dollar was then converted into relative value in the economy for
8840-423: The war, giving rise to the famous phrase "not worth a continental". A primary problem was that monetary policy was not coordinated between Congress and the states, which continued to issue bills of credit. Additionally, neither Congress nor the governments of the several states had the will or the means to retire the bills from circulation through taxation or the sale of bonds. The currency was ultimately replaced by
8944-488: The world's foremost reserve currency for international trade to this day. The Bretton Woods Agreement of 1944 also defined the post-World War II monetary order and relations among modern-day independent states , by setting up a system of rules, institutions, and procedures to regulate the international monetary system . The agreement founded the International Monetary Fund and other institutions of
9048-456: The years passed, and the dynamics of the business changed, these "producing partners" drifted away. Samuel Goldwyn Productions and Disney went to RKO and Wanger to Universal Pictures . In the late 1930s, UA turned a profit. Goldwyn was providing most of the output for distribution. He sued United several times for disputed compensation leading him to leave. MGM's 1939 hit Gone with the Wind
9152-531: Was acquired by media conglomerate Metro-Goldwyn-Mayer (MGM) in 1981 for a reported $ 350 million ($ 1.2 billion today). On September 22, 2014, MGM acquired a controlling interest in One Three Media and Lightworkers Media and merged them to revive the television production unit of United Artists as United Artists Media Group (UAMG). MGM itself acquired UAMG on December 14, 2015, and folded it into their own television division . MGM briefly revived
9256-542: Was also listed among the "Top 10 Films of the Year" by the National Board of Review . On the basis of its film and television hits, in 1967, Transamerica Corporation purchased 98 percent of UA's stock. Transamerica selected David and Arnold Picker to lead its studio. UA debuted a new logo incorporating the parent company's striped T emblem and the tagline "Entertainment from Transamerica Corporation". This wording
9360-481: Was averaging 50 films a year. In 1958, UA acquired Ilya Lopert 's Lopert Pictures Corporation , which released foreign films that attracted criticism or had censorship problems. In 1957, UA created United Artists Records Corporation and United Artists Music Corporation after an unsuccessful attempt to buy a record company. In 1968, UA Records merged with Liberty Records , along with its many subsidiary labels such as Imperial Records and Dolton Records . In 1972,
9464-400: Was denied an ownership share in 1935, Schenck resigned. He set up 20th Century Pictures ' merger with Fox Film Corporation to form 20th Century Fox . Al Lichtman succeeded Schenck as company president. Other independent producers distributed through United Artists in the 1930s including Walt Disney Productions , Alexander Korda , Hal Roach , David O. Selznick , and Walter Wanger . As
9568-412: Was firmly upheld, which the U.S. later had to compete with using a heavier 378.0 grains (24.49 g) Trade dollar coin . The early currency of the United States did not exhibit faces of presidents, as is the custom now; although today, by law, only the portrait of a deceased individual may appear on United States currency. In fact, the newly formed government was against having portraits of leaders on
9672-414: Was going wrong, and contacted Pickford and Fairbanks. Together they hired a private detective, who discovered a plan to merge all production companies and to lock in "exhibition companies" to a series of five-year contracts. Chaplin, Pickford, Fairbanks, and D. W. Griffith incorporated United Artists as a joint venture company on February 5, 1919. Each held a 25 percent stake in the preferred shares and
9776-488: Was hired as head of marketing. Later the division added Michael Barker and Donna Gigliotti . Deutchman left to form Cinecom , and Barker and Bernard formed Orion Classics and Sony Pictures Classics . The label mostly released foreign and independent films such as Cutter's Way , Ticket to Heaven and The Grey Fox , and occasional first-run reissues from the UA library, such as director's cuts of Head Over Heels . When Barker and Bernard left to form Orion Classics,
9880-562: Was initially expected that smash hits like Rocky III , WarGames , and Octopussy wouldn't be park of the package since MGM/UA was able to sell them to the major networks for hefty fees. But come 1988, the creators of the 1983 film WarGames filed a $ 75-million-plus lawsuit against MGM/UA for packaging the film for sale to syndicated television with 24 lesser box office successes. The film's producer Leonard Goldberg , director John Badham , and writers Lawrence Lasker and Walter F. Parkes claimed that they were shortchanged $ 5 million by
9984-510: Was its first managing director, and the company established its headquarters at 729 Seventh Avenue in New York City. The original terms called for each star to produce five pictures a year. By the time the company was operational in 1921, feature films were becoming more expensive and polished, and running times had settled at around ninety minutes (eight reels). The original goal was thus abandoned. UA's first production, His Majesty,
10088-657: Was later shortened to "A Transamerica Company". The following year, in 1968, United Artists Associated was reincorporated as United Artists Television Distribution. In 1970, UA lost $ 35 million, and the Pickers were pushed aside for the return of Krim and Benjamin. UA released another Best Picture Oscar winner in 1967, In the Heat of the Night and a nominee for Best Picture, The Graduate , an Embassy production that UA distributed overseas. Other successful pictures included
10192-465: Was later shortened to the German taler , a word that eventually found its way into many languages, including: tolar ( Czech , Slovak and Slovenian ); daler ( Danish and Swedish ); talar ( Polish ); dalar and daler ( Norwegian ); daler or daalder ( Dutch ); talari ( Ethiopian ); tallér ( Hungarian ); tallero ( Italian ); دولار ( Arabic ); and dollar ( English ). Though
10296-748: Was minted in Mexico City , Potosí (Bolivia), Lima (Peru), and elsewhere, and was in wide circulation throughout the Americas, Asia, and Europe from the 16th to the 19th centuries. The minting of machine-milled Spanish dollars since 1732 boosted its worldwide reputation as a trade coin and positioned it to be the model for the new currency of the United States . Even after the United States Mint commenced issuing coins in 1792, locally minted dollars and cents were less abundant in circulation than Spanish American pesos and reales ; hence Spanish, Mexican, and American dollars all remained legal tender in
10400-455: Was planning to produce television series and miniseries adaptations from UA's feature film library. Transamerica inserted Andy Albeck as UA's president. United had its most successful year with four hits in 1979: Rocky II , Manhattan , Moonraker , and The Black Stallion . The new leadership agreed to back Heaven's Gate , a project of director Michael Cimino , which vastly overran its budget and cost $ 44 million. This led to
10504-548: Was released to mixed critical receptions. But it has since been acclaimed as a classic by audiences around the world for being admirably inspired in its attempt to be faithful to the four books of the New Testament in the Holy Bible as well as the book of the same name by Fulton Oursler and the radio program which ran from 1947 to 1956. The Greatest Story Ever Told received five Academy Award nominations in 1965 and
10608-593: Was supposed to be a UA release except that Selznick wanted Clark Gable , who was under contract to MGM, to play Rhett Butler . Also that year, Fairbanks died. UA became embroiled in lawsuits with Selznick over his distribution of some films through RKO. Selznick considered UA's operation sloppy, and left to start his own distribution arm. In the 1940s, United Artists was losing money because of poorly received pictures. Cinema attendance continued to decline as television became more popular. The company sold its Mexican releasing division to Crédito Cinematográfico Mexicano,
10712-410: Was the first antitrust suit brought by producers against exhibitors that alleged monopoly and restraint of trade. In 1948, the U.S. Supreme Court Paramount Decision ordered the major Hollywood movie studios to sell their theater chains and to end certain anti-competitive practices. This court ruling ended the studio system. By 1958, SIMPP had achieved many of the goals that led to its creation, and
10816-609: Was the original French word for the U.S. dollar, used for example in the French text of the Louisiana Purchase . Though the U.S. dollar is called dollar in Modern French, the term piastre is still used among the speakers of Cajun French and New England French , as well as speakers in Haiti and other French-speaking Caribbean islands. Nicknames specific to denomination: The symbol $ , usually written before
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