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Metro-Goldwyn-Mayer Inc., or 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. Loew combined them into a new film company with Mayer as its head of production. The newly formed Metro-Goldwyn-Mayer was intended to provide quality feature films for the Loew's Theatres chain and was wholly owned by Loew's Incorporated.