From Tolkien Gateway
Metro-Goldwyn-Mayer Inc., or MGM, is a motion picture company.
MGM, through its subsidiary United Artists, owns the distribution rights (but not the production rights) to screen adaptations of The Hobbit. The company's precarious financial situation caused delays to The Hobbit (film series), which it was under contract to co-finance, as well as the departure of its initially planned director Guillermo del Toro from the project. However, at the same year, the project was grreenlighted through co-operation with Warner Bros and the project was finally made as a trilogy, where Peter Jackson directed it.
In March of 2022, Amazon acquired MGM for $8.45 billion.
- ↑ TheOneRing.net: Source says the MGM situation of ‘great importance’ to two potential ‘Hobbit’ films. Updated 2010-03-27. Retrieved 2010-08-14.
- ↑ Amazon Closes $8.5 Billion Acquisition of MGM. Updated 2022-03-17. Retrieved 2022-10-03.