History
For many years MTM, with CBS, co-owned the CBS Studio Center in Studio City, California, where a majority of their programs were filmed and videotaped. In turn, most of MTM's series aired on CBS.
MTM Enterprises acquired Jim Victory Television from Viacom Enterprises in 1980 taking the MTM library with it. Victory was later reincorporated as MTM Television Distribution, which in turn was folded into 20th Television after News Corporation bought MTM.
Tinker overlooked MTM's operation until leaving the company in 1981 and becoming chairman of NBC. Lawyers backing NBC's then-owner RCA convinced Tinker to sell his remaining shares of MTM. Tinker later regretted leaving MTM, believing that the company started to decline without him.
After being an independent production company for many years, MTM was sold in 1988 to British production company TVS Entertainment for $320 million. TVS was in turn acquired by Pat Robertson's International Family Entertainment in late 1992. IFE along with MTM was sold to Rupert Murdoch's News Corporation in 1996. MTM ceased operations and was folded into 20th Century Fox Television on August 15, 1998 when The Family Channel became Fox Family. The library of non-MTM shows was subsequently sold on to form part of ABC Family's archive.
MTM Enterprises also included a record label, MTM Records, which was in existence from 1984 to 1988.
Read more about this topic: MTM Enterprises
Famous quotes containing the word history:
“Throughout the history of commercial life nobody has ever quite liked the commission man. His function is too vague, his presence always seems one too many, his profit looks too easy, and even when you admit that he has a necessary function, you feel that this function is, as it were, a personification of something that in an ethical society would not need to exist. If people could deal with one another honestly, they would not need agents.”
—Raymond Chandler (1888–1959)
“The best history is but like the art of Rembrandt; it casts a vivid light on certain selected causes, on those which were best and greatest; it leaves all the rest in shadow and unseen.”
—Walter Bagehot (1826–1877)
“Racism is an ism to which everyone in the world today is exposed; for or against, we must take sides. And the history of the future will differ according to the decision which we make.”
—Ruth Benedict (1887–1948)