![]() ![]() When Kerkorian learned of the deal in 1985, he couldn’t believe that his executives had traded one of the most valuable assets of MGM/UA (as the company was called at the time)-its legendary name-to a competitor for a relatively modest fee. The owner of MGM, billionaire financier Kirk Kerkorian (1917–2015), wasn’t happy about it. ![]() Metro-Goldwyn-Mayer simply collected a licensing fee from The Walt Disney Company. There are still people who call it MGM for short.īased on a Yesterland article originally published April 18, 2008ĭespite the “MGM” in the park’s name, Metro-Goldwyn-Mayer had no part in designing, owning, or operating Disney-MGM Studios. It kept the Disney-MGM name for almost 19 years. The third major theme park at Walt Disney World had originally opened May 1, 1989. ![]() The next day, January 7, 2008, it reopened as Disney’s Hollywood Studios. The End of Disney-MGM Studios Theme Park and the beginning of Disney’s Hollywood Studiosįifteen years ago today-January 6, 2008-was the final operating day of the Disney-MGM Studios Theme Park. ![]()
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