MGM Television was established on June 30, 1956 by Metro-Goldwyn-Mayer under Loews, Inc. It was initiated to have MGM to distribute 770 of its films, 900 shorts, produce network series, and acquire TV stations after its first program, The M-G-M Parade, was canceled by ABC in the spring. The M-G-M Parade first used the 1953 version of Jackie at the beginning rather than the end of the program. Most of the pre-1986 library is owned by Warner Bros. Entertainment through Turner Entertainment Co., while MGM Holdings Inc. owns the rest of the library.
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