Vintage MGM Theater Window Decal
Early MGM theater transfer decal sign.  Made by the
Palm Fletcher & Co.

Metro-Goldwyn-Mayer Inc. (MGM) is an American
media company, involved primarily in the production
and distribution of films and television programs.
MGM was founded in 1924 when the entertainment
entrepreneur Marcus Loew gained control of Metro
Pictures, Goldwyn Pictures Corporation and Louis B.
Mayer Pictures.

The studio's official motto, "Ars Gratia Artis", is a
Latin phrase meaning "Art for art's sake". It was
chosen by Howard Dietz, the studio's chief publicist,
in 1924.

In 1967, MGM was sold to the Canadian investor
Edgar Bronfman, Sr., whose son Edgar, Jr. would
later buy Universal Studios. Two years later, an
increasingly unprofitable MGM was bought by Nevada
millionaire Kirk Kerkorian. What appealed to Kerkorian
was MGM's Culver City real estate, and 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 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 rationalized.
Aubrey sold off MGM's accumulation of props,
furnishings and historical memorabilia, including a pair
of Dorothy's ruby slippers from The Wizard of Oz.
Lot 3, 40 acres of back-lot property was sold off for
real-estate development.
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