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  1. On This Day: May 21, 1981 - MGM Purchased United Artists From Transamerica for $380 Million

    On This Day: May 21, 1981 - MGM Purchased United Artists From Transamerica for $380 Million

    On this day May 21, 1981, Transamerica Corporation agreed to sell United Artists to Metro-Goldwyn-Mayer for $380 million. The move came after United Artists suffered a devastating financial loss due to the critical and commercial failure of the 1980 film Heaven's Gate, which went drastically...
    • Pete
    • News story
    • 80s entertainment 80s history 80s news metro goldwyn mayer united artisits
    • Category: On This Day in 80s News
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