The Cannon Group, Inc.
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The new change in management helped save the studio from involuntary bankruptcy. Soon after, Ladd and Parretti began engaging in a bitter power struggle. When it became apparent that Parretti was making plans to regain MGM, Crédit Lyonnais seized control of the studio on June 17, 1991.
May 26, 1992 · The MGM-Pathe Communications Company has renamed itself Metro-Goldwyn-Mayer Inc., dusting off the name that appeared over dozens of classic Hollywood films. The film-making and...
Jul 16, 1990 · Free and open company data on California (US) company MGM-PATHE COMMUNICATIONS CO. (company number 1666173), 10000 WEST WASHINGTON BLVD, CULVER CITY, CA, 90232
Giancarlo Parretti (born 23 October 1941) is an Italian financier. [2] [3] In 1989, he took over Cannon Film Group Inc. from Menahem Golan and Yoram Globus. Almost immediately, he made plans to take over the storied French studio Pathé, and changed Cannon's name to Pathé Communications.
United Artists changed its name to MGM/UA Communications Company and again restructured its operations. The "new" company grouped the two television production units together, but kept the film units separate.
He then merged it with his Pathé Communications Corporation (formerly The Cannon Group, a distributor that Parretti had renamed before his aborted bid for Pathé; ironically, MGM had previously distributed Cannon product several years prior) to form MGM–Pathe Communications Co.
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Nov 1, 1990 · LOS ANGELES -- Pathe Communications' oft-delayed $1.36-billion purchase of MGM/UA was completed Thursday in the latest foreign acquisition of a major Hollywood studio.
