That Culver City lot is now owned by Sony. Three months after that deal closed, Turner turned around and sold the 44-acre MGM studio property, along with its film processing lab, to Lorimar-Telepictures Corp. In 1985, Atlanta media mogul Ted Turner paid Kerkorian $1.5 billion to buy MGM/UA Entertainment. Kerkorian also purchased United Artist in 1981 for $380 million, in a fire sale after the studio’s Heaven’s Gate debacle, combining it with MGM. ![]() Kirk Kerkorian, a former amateur boxer and WWII pilot, who bootstrapped himself into becoming an airline mogul, purchased the aging musical factory known as MGM in 1969 as a decided Hollywood outsider, a true barbarian at Tinseltown’s rusting gates. Mayer himself once bragged, had “more stars than the heavens.” We can tell you that. Well, it’s not the studio of Gone With the Wind, The Wizard of Oz and Singin' in the Rain, which Louis B. We know Amazon is getting a library with more than 4,000 film titles, including the James Bond and Rocky movie franchises, as well as a TV library of more than 17,000 episodes, from series including Fargo and The Handmaid's Tale.
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