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Under Louis-Philippe's petite-bourgeois regime, however, a dignitary such as the Prince of Monaco was not allowed to operate a gambling house. The House of Grimaldi was in dire need of money.

The towns of Menton and Roquebrune , which had been the main sources of income for the Grimaldi family for centuries, were now accustomed to a much improved standard of living and lenient taxation thanks to Sardinian intervention and clamored for financial and political concession, even for separation.

The Grimaldi family hoped the newly legal industry would help alleviate the difficulties they faced, above all the crushing debt the family had incurred, but Monaco's first casino would not be ready to operate until after Charles III assumed the throne in The Blancs opened Le Grand Casino de Monte Carlo in and the casino benefited from the tourist traffic the newly built French railway system created.

The most recent addition in Monte Carlo is the Monte Carlo Bay Casino , which sits on 4 hectares of the Mediterranean Sea and, among other things, offers slot machines, all equipped with " ticket-in, ticket-out " TITO ; it is the first Mediterranean casino to use this technology.

Monaco has high social-insurance taxes, payable by both employers and employees. Monaco has never levied income tax on individuals , [90] and foreigners are thus able to use it as a " tax haven " from their own country's taxes, because as an independent country, Monaco is not obligated to pay taxes to other countries.

Unlike classic tax havens, it does not offer offshore financial services. In it went a step farther and secured a place on its "white list", after signing twelve information exchange treaties with other jurisdictions.

However, difficulties have been encountered with Monaco by countries in international investigations on serious crimes that appear to be linked also with tax matters.

The Council of Europe also decided to issue reports naming tax havens. Twenty-two territories, including Monaco, were thus evaluated between and on a first round.

Monaco was the only territory that refused to perform the second round, between and , whereas the 21 other territories had planned implementing the third and final round, planned between and This is why the first euro coins from Monaco have the year on them, instead of , like the other countries of the Eurozone that decided to put the year of first circulation on their coins.

Monaco's total population was 38, in The official language of Monaco is French , while Italian is spoken by the principality's sizeable community from Italy.

Thus, French and Italian supplants Monegasque, the vernacular language of the Monegasques, which is not recognized as an official language; English is used by American , British , Anglo- Canadian , and Irish residents.

The official religion is the Catholic Church, with freedom of other religions guaranteed by the constitution.

The diocese, which has existed since the midth century, was raised to a non-metropolitan archbishopric in as the Archdiocese of Monaco and remains exempt i.

The patron saint is Saint Devota. Christians comprise a total of There are various Evangelical Protestant communities that gather periodically.

The report states that there are two Protestant churches, including the local Anglican church and a Reformed church. There is one Anglican church St.

In this had a formal membership of Anglicans resident in the principality, but was also serving a considerably larger number of Anglicans temporarily in the country, mostly as tourists.

The church site also accommodates an English-language library of over 3, books. Two-thirds of the Jewish population is Sephardic , mainly from North Africa , while the other third is Ashkenazi.

The Muslim population of Monaco consists of about people, most of whom are exclusively residents, not citizens. Since , the Monaco Grand Prix has been held annually in the streets of Monaco.

The erection of the Circuit de Monaco takes six weeks to complete and the removal after the race takes another three weeks.

Despite the challenging nature of the course it has only had one fatality, Lorenzo Bandini , who crashed, burned and died three days later from his injuries in Since part of the Monte Carlo Rally has been held in the principality, originally held at the behest of Prince Albert I.

It has long been considered to be one of the toughest and most prestigious events in rallying and from to was the opening round of the World Rally Championship WRC.

Monaco hosts two major football teams in the principality: The club is historically one of the most successful clubs in the French league, having won Ligue 1 eight times most recently in —17 and competed at the top level for all but six seasons since The women's team, OS Monaco, competes in the women's French football league system.

The club currently plays in the local regional league, deep down in the league system. Current French women's international goalkeeper Sarah Bouhaddi had a short stint at the club before going to the INF Clairefontaine academy.

The team plays its home matches in the Stade Louis II. Monaco's national rugby team , as of October , is 91st in the International Rugby Board rankings.

Monaco has also competed in the Olympic Games, although, no athlete from Monaco has ever won an Olympic medal. Acknowledged as the most glamorous of the series, Monaco will be hosting the world's most celebrated riders, including Monaco's own Charlotte Casiraghi , in a setting facing out over the world's most beautiful yachts, and framed by the Port Hercules and Prince's palace.

The Monaco Marathon is the only marathon in the world to pass through three separate countries, those of Monaco, France and Italy, before the finish at the Stade Louis II.

The Monaco Ironman The race includes a 1. Since , the headquarters of the International Association of Athletics Federations , [] the world governing body of athletics , is located in Monaco.

A municipal sports complex, the Rainier III Nautical Stadium in the Port Hercules district consists of a heated saltwater Olympic-size swimming pool , diving boards and a slide.

From 10—12 July Monaco inaugurated the Solar1 Monte Carlo Cup, a series of ocean races exclusively for solar-powered boats. Monaco has an opera house , a symphony orchestra and a classical ballet company.

Monaco has a national museum of contemporary visual art at the New National Museum of Monaco. The country also has numerous works of public art, statues, museums, and memorials see list of public art in Monaco.

Monaco has ten state-operated schools, including: The flag of Monaco is one of the world's oldest national flag designs. Monaco is so old that it has outlived many of the nations and institutions that it has had relations with.

Monaco made a special agreement with France in in which French customs laws apply in Monaco and its territorial waters. There are two embassies in Monaco: A recurring issue Monaco encounters with other countries is the attempt by foreign nationals to use Monaco to avoid paying taxes in their own country.

There are no border formalities entering or leaving to France. For visitors a souvenir passport stamp is available on request at Monaco's tourist office.

This is located on the far side of the gardens that face the Casino. From Wikipedia, the free encyclopedia. This article is about the city-state.

For other uses, see Monaco disambiguation. This section needs to be updated. See Monaco Organisation territoriale fr.

Please update this article to reflect recent events or newly available information. Law enforcement in Monaco and Military of Monaco.

Land reclamation in Monaco. Religion in Monaco [] [c] Christianity. Catholic Church in Monaco. Rugby union in Monaco. List of museums in Monaco. Rail transport in Monaco.

Foreign relations of Monaco. Geography portal Europe portal Mediterranean portal. Part of the EU Customs territory, administered as part of France.

Administered as a part of France for taxation purposes. Retrieved 29 October The territory of the Principality forms a single commune.

Archived from the original on 22 July Retrieved 22 May Retrieved 18 July Archived from the original on 15 November Retrieved 15 November Retrieved 7 June Retrieved 3 August United Nations Statistics Division.

Retrieved 8 October Retrieved 28 May The Grimaldi family was not able to permanently secure their holding until when they purchased Monaco, along with two neighbouring villages, Menton and Roquebrune.

The Grimaldis of Monaco: The Birth of a Legend". Retrieved 23 August Archived from the original on 29 June Retrieved 29 June Archived from the original on 3 June Archived from the original on 27 May Retrieved 22 March Archived from the original on 16 January Retrieved 31 August Archived from the original on 4 September Retrieved 8 August Archived from the original on 10 June La Mairie de Monaco.

Archived from the original on 15 May Retrieved 15 April Archived from the original on 24 December Archived from the original on 11 October Archived from the original on 30 May Retrieved 12 March Retrieved 6 September Archived from the original on 23 April Archived from the original on 6 December Retrieved 11 September Monaco Statistics — Principality of Monaco.

Archived from the original on 20 June Retrieved 7 August Monte Carlo Daily Photo. Statistiques — et records in French. Archived from the original PDF on 27 February Retrieved 26 February Archived from the original on 2 March Retrieved 2 March Retrieved 15 March We want more for Monaco".

The tax haven where the jewels are real and the orgasms are fake". Retrieved 6 March The Wall Street Journal. Retrieved 7 March Your source for Global Business Knowledge".

Archived from the original on 11 July Retrieved 28 April Archived from the original on 14 November Retrieved 27 April Retrieved 7 December Frommer's Provence and the Riviera Fifth.

Archived PDF from the original on 26 July Retrieved 23 May Retrieved 28 August Retrieved 11 May Archived from the original on 24 February Government of the Principality of Monaco.

Archived from the original PDF on 14 June After , production was cut from 50 pictures a year to a more manageable 25 features per year.

Audiences began drifting to television in the late s. MGM found it difficult to attract them to theaters. With its high overhead expenses, MGM's profit margins continued to decrease.

Word came from Nicholas Schenck in New York: Mayer thought he had found this savior in Dore Schary , a writer and producer who had found success at running RKO.

One bright spot was MGM musical pictures, under the aegis of producer Arthur Freed, who was operating what amounted to an independent unit within the studio.

MGM produced some well-regarded and profitable musicals that would be later acknowledged as classics, among them An American in Paris , Singin' in the Rain , and Seven Brides for Seven Brothers However, Brigadoon , Deep in My Heart , It's Always Fair Weather , and Invitation to the Dance , were extravagant song and dance flops, and even the now-classic The Band Wagon lost money in its initial release.

Movie audiences more and more were staying home and watching television. In , as a settlement of the government's restraint-of-trade action, United States v.

As the studio system faded in the late s and s, MGM's prestige faded with it. In by coincidence, the year Mayer died , the studio lost money for the first time in its year history.

Schary's reign at MGM had been marked with few bona-fide hits, but his departure along with the retirement of Schenck in left a power vacuum that would prove difficult to fill.

Initially Joseph Vogel became president and Sol Siegel head of production. By , MGM had released all of its contract players, with many either retiring or moving on to television.

Parade was canceled by ABC in the 2nd quarter of TV production was expect to start with the season and was to include half-hour remakes of or series based on its pictures.

Initial feature film sales focused on selling to the networks. The year also marked the end of MGM's animation department, as the studio determined it could generate the same amount of revenue by reissuing older cartoons as it could by producing and releasing new ones.

In a landmark event, the film became the first American theatrical fiction film to be shown complete in one evening on prime time television over a major American commercial network.

Olivier's version of Hamlet was shown on prime time network TV a month later, but split in half over two weeks, and the film, The Titan: Story of Michelangelo was telecast by ABC in , but that was a documentary.

Beginning in , and lasting until , telecasts of The Wizard of Oz became an annual tradition, drawing huge audiences in homes all over the U.

The studio was all too happy to see Oz become, through television, one of the two or three most famous films MGM has ever made, and one of the few films that nearly everybody in the U.

Today The Wizard of Oz is regularly shown on the Turner -owned channels, no longer just once a year. Gigi was a box-office and critical success which won nine Academy Awards , including Best Picture.

In animation, MGM purchased the rights in to distribute a series of cartoons that starred a character named Flip the Frog , produced by Ub Iwerks.

The first cartoon in this series entitled Fiddlesticks was the first sound cartoon to be produced in two-color Technicolor.

In , Ub Iwerks cancelled the unsuccessful Flip the Frog series and MGM began to distribute its second series of cartoons, starring a character named Willie Whopper , that was also produced by Ub Iwerks.

After initial struggles with a poorly received series of The Captain and the Kids cartoons, the studio rehired Harman and Ising in , and Ising created the studio's first successful animated character, Barney Bear.

The Tom and Jerry cartoons won seven Academy Awards between and In , Tex Avery , another Schlesinger alumnus, joined the animation department.

Avery left the studio in , leaving Hanna and Barbera to focus on the popular Tom and Jerry and Droopy series.

In , MGM enjoyed what is quite probably its greatest financial success of later years, with the release of its nearly four-hour Technicolor epic Ben—Hur , a remake of its silent film hit, loosely based on the novel by General Lew Wallace.

Starring Charlton Heston in the title role, the film was critically acclaimed, and won 11 Academy Awards, including Best Picture, a record that held until Titanic matched it in and The Lord of the Rings: The Return of the King in Although Deitch's Tom and Jerry cartoons were considered to be vastly inferior to the original Hanna and Barbera style of animation, they did receive positive reviews from certain fans.

Jones' group also produced its own works, winning an Oscar for The Dot and the Line , as well as producing the classic television version of Dr.

Seuss 's How the Grinch Stole Christmas! Tom and Jerry folded in , and the animation department continued with television specials and one feature film, The Phantom Tollbooth.

During this period, MGM fell into a habit that would eventually sink the studio: However, four succeeding big-budget epics — like Ben—Hur , each a remake — failed: The Cinerama film The Wonderful World of the Brothers Grimm , the first film in Cinerama to actually tell a story, was also a flop.

King of Kings , while a commercial and critical flop at the time, has since come to be regarded as a film classic. The losses caused by these films led to the resignations of Sol Siegel and Joseph Vogel who were replaced by Robert M.

Weitman head of production and Robert O'Brien president. The combination of O'Brien and Weitman seemed to temporarily revive the studio.

A Space Odyssey However the company's time was taken up fighting off proxy attacks by corporate raiders , and then MGM backed a series of flops, including Ryan's Daughter Weitman moved over to Columbia in and O'Brien was forced to resign a few years later.

In the mids, MGM began to diversify by investing in real estate. As for film-making, that part of the company was quickly and severely downsized under the supervision of James T.

With changes in its business model including fewer pictures per year, more location shooting and more distribution of independent productions, MGM's operations were reduced.

Aubrey sold off MGM's accumulation of props, furnishings and historical memorabilia, including a pair of Dorothy's ruby slippers from The Wizard of Oz.

In , it was announced that MGM was in talks with 20th Century Fox about a possible merger, a plan which never came into fruition. Through the s, studio output slowed considerably as Aubrey preferred four or five medium-budget pictures each year along with a smattering of low-budget fare.

The last shooting done on the backlot was the introductory material for That's Entertainment! However, MGM never reclaimed its former status.

In , Kerkorian declared that MGM was now primarily a hotel company. The company hit a symbolic low point in when David Begelman , earlier let go by Columbia following the discovery of his acts of forgery and embezzlement, was installed as MGM's President and CEO.

In , Metro-Goldwyn-Mayer, Inc. MGM proceeded to get back into theatrical distribution in with its purchase of United Artists, as UA's parent company Transamerica Corporation decided to let go of the studio following the failure of Heaven's Gate.

Kerkorian offered to purchase the remaining outstanding MGM shares he did not own to take the company private but was met with resistance. After the purchase of United Artists, David Begelman's duties were transferred to that unit.

Out of the 11 films he put into production, by the time of his release from the studio, only one film, Poltergeist , proved to be a clear hit.

How much of MGM's back catalog Turner actually obtained was a point of conflict for a time; eventually, it was determined that Turner owned all of the pre-May MGM library, as well as the pre Warner Bros.

Turner began broadcasting MGM films through his Turner Network Television , and caused a controversy when he began " colorizing " many black-and-white classics.

The well-respected executive, Alan Ladd Jr. A television production division was started up. In , MGM had a hit in Stargate.

By selling a portion of the studio to Australia's Seven Network , Kerkorian was able to convince Wall Street that a revived MGM was worthy of a place on the stock market, where it languished until he sold the company to a group of hedge funds tied to Sony, which wanted to control the studio library to promote the Blu-ray Disc format.

Prior to that, MGM had held a home video license for of the films since spring In , MGM changed the way it distributed its products internationally.

In , many of MGM's competitors started to make bids to purchase the studio, beginning with Time Warner. It was not unexpected that Time Warner would bid, since the largest shareholder in the company was Ted Turner.

In , MGM announced it would return as a theatrical distribution company. MGM struck deals with The Weinstein Company , Lakeshore Entertainment , Bauer Martinez, and many other independent studios, and then announced its plans to release 14 feature films for and early MGM also hoped to increase the amount to over 20 by MGM also announced plans to restructure its worldwide television distribution operation.

MGM served as New Line's barter sales representative in the television arena until A tentative agreement was signed in Seoul on March 15, , between MGM, South Korea-based entertainment agency Glovit and Busan city official for a theme park schedule to open in Wagner will serve as United Artists' chief executive.

Over the next several years, MGM launched a number of initiatives in distribution and the use of new technology and media, as well as joint ventures to promote and sell its products.

In April , it was announced that MGM movies would be able to be downloaded through Apple's iTunes service, with MGM bringing an estimated of its existing movies to iTunes service, the California-based computer company revealed.

The selected site was a 1. Whether MGM could avoid voluntary or involuntary bankruptcy had been a topic of much discussion in the film industry. On August 17, , chief executive officer Harry E.

Cooper as its new CEO, [8] [] [] a corporate executive who guided Enron through its post bankruptcy and oversaw the restructuring and growth of Krispy Kreme in MGM stated in February that the studio would likely be sold in the next four months, and that its latest film, Hot Tub Time Machine , might be one of the last four films to bear the MGM name.

However, some stated that the company might continue as a label for new James Bond productions, as well as other movie properties culled from the MGM library.

MGM Holdings, Metro-Goldwyn-Mayer and affiliates filed for Chapter 11 bankruptcy on November 3, , with a prepackaged plan for exiting bankruptcy which led to MGM's creditors taking over the company.

Six days later, MGM was finalizing a distribution deal with Sony Pictures Entertainment to handle distribution of its 4, films and DVDs worldwide and on digital platforms, including the two upcoming Bond films: There were four studios who were bidding on the Bond distribution rights: Paramount Pictures , Warner Bros.

Pictures, 20th Century Fox, and Columbia Pictures. Paramount was the first studio who dropped out of the Bond bidding. The deal was finalized on April 13, It will expire in June MGM moved forward with several upcoming projects, including remakes of RoboCop and Poltergeist , [] [] and released their first post-bankruptcy film Zookeeper , which was co-distributed by Columbia Pictures on July 8, The new MGM, under Barber and Birnbaum's control, focuses on co-investing on films made by another party, which handle all distribution and marketing for the projects.

MGM handles international television distribution rights for the new films as well as its library of existing titles and also retains its in-house production service.

On October 3, , Birnbaum announced his intention to exit his role as an MGM executive and return to "hands-on" producing. He will remain with the studio to produce films on "an exclusive basis".

In the Orion brand was revived as a TV production label for a syndicated court show. Orion Pictures name was extended in fourth quarter for smaller domestic and international video on demand and limited theatrical releases.

In March , MGM announced a multi-year distribution deal with Annapurna Pictures for some international markets and including home entertainment, theatrical and television rights.

This marks a return to domestic theatrical distribution for MGM and an expansion of Annapurna's distribution division, with MGM releasing approximately six to eight films per year on a limited basis and Annapurna releasing four to six films per year, in a combined slate of fourteen films.

While the two companies will share costs for the joint venture's operations, Annapurna's distribution and marketing teams will support the MGM titles, which will be distributed under the MGM banner while Annapurna-produced films will continue to be distributed under its own banner.

The two studios also launched Mirror , a releasing entity for third-party films. However, this partnership will not be exclusive to all MGM films, as several of them will continue to be released through existing studio partners, such as Warner Bros.

It also does not include newly relaunched Orion Pictures and future worldwide distributor plans for the James Bond franchise, which MGM also said will be announced "at a later date".

Since August 22, , its headquarters have been in Beverly Hills, California. MGM planned to house a private theater and a private outdoor patio in the building.

In MGM announced that it was moving its headquarters to a new building in Century City that was to be the first high-rise in Los Angeles to be completed in the 21st century.

Upon the company's agreement to be its lead tenant halfway through the design building process, the structure became identified as the MGM Tower , [] opening in Scott Johnson, the architect, designed the bottom third of the tower with extra-large floors so MGM executives could have outdoor decks.

Seemingly no expense was spared, from the marble imported from Italy for MGM's area to the company's exclusive use of a dedicated private garage, security checkpoint, and elevator bank: One of three screening rooms placed in the tower was a seat theater on the ground floor later taken over by International Creative Management in December The 14th floor lobby housed the executive suites and a wall of Oscar statuettes for Academy Award -winning films.

The street leading to the building's garage was renamed MGM Drive and a large MGM logo, illuminated at night, crowned the top of the building.

Larry Kozmont, a real estate consultant not involved in the process, said "It's a prudent move for them. Downsizing and relocating to a space that is still prominent but not overly ostentatious and burdened by expenses is fundamental for their survival.

The studio's official motto , " Ars Gratia Artis ", is a Latin phrase meaning " Art for art's sake ".

Through its acquisitions of many different companies and film and television libraries, Metro-Goldwyn-Mayer has greatly enhanced its film and television holdings.

Metro-Goldwyn-Mayer's library includes its own post-April library as well as the film and television libraries of:. From Wikipedia, the free encyclopedia.

For other uses, see MGM disambiguation. Marcus Loew Louis B. This section needs to be updated. Please update this article to reflect recent events or newly available information.

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List of Metro-Goldwyn-Mayer films. This section is empty. You can help by adding to it. Greater Los Angeles portal Companies portal Film portal. Retrieved December 20, Retrieved September 20, Retrieved September 14, The Life and Legend of Louis B.

The American film industry Revised ed. University of Wisconsin Press. Archived from the original on April 24, Retrieved August 6, Retrieved July 20, Retrieved January 5, Retrieved February 22, Retrieved February 23, Retrieved August 10, The Coming of Sound.

Hollywood Cinema 2nd ed. The New American Cinema 3rd ed. American Cinema in the Shadow of Watergate and Vietnam, — A New Pot of Gold: Hollywood Under the Electronic Rainbow, —

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Living standards are high, roughly comparable to those in prosperous French metropolitan areas. Monaco is not a member of the European Union.

However, it is very closely linked via a customs union with France and, as such, its currency is the same as that of France, the euro.

Before , Monaco minted its own coins, the Monegasque franc. Monaco has acquired the right to mint euro coins with Monegasque designs on its national side.

The plan for casino gambling was drafted during the reign of Florestan I in Under Louis-Philippe's petite-bourgeois regime, however, a dignitary such as the Prince of Monaco was not allowed to operate a gambling house.

The House of Grimaldi was in dire need of money. The towns of Menton and Roquebrune , which had been the main sources of income for the Grimaldi family for centuries, were now accustomed to a much improved standard of living and lenient taxation thanks to Sardinian intervention and clamored for financial and political concession, even for separation.

The Grimaldi family hoped the newly legal industry would help alleviate the difficulties they faced, above all the crushing debt the family had incurred, but Monaco's first casino would not be ready to operate until after Charles III assumed the throne in The Blancs opened Le Grand Casino de Monte Carlo in and the casino benefited from the tourist traffic the newly built French railway system created.

The most recent addition in Monte Carlo is the Monte Carlo Bay Casino , which sits on 4 hectares of the Mediterranean Sea and, among other things, offers slot machines, all equipped with " ticket-in, ticket-out " TITO ; it is the first Mediterranean casino to use this technology.

Monaco has high social-insurance taxes, payable by both employers and employees. Monaco has never levied income tax on individuals , [90] and foreigners are thus able to use it as a " tax haven " from their own country's taxes, because as an independent country, Monaco is not obligated to pay taxes to other countries.

Unlike classic tax havens, it does not offer offshore financial services. In it went a step farther and secured a place on its "white list", after signing twelve information exchange treaties with other jurisdictions.

However, difficulties have been encountered with Monaco by countries in international investigations on serious crimes that appear to be linked also with tax matters.

The Council of Europe also decided to issue reports naming tax havens. Twenty-two territories, including Monaco, were thus evaluated between and on a first round.

Monaco was the only territory that refused to perform the second round, between and , whereas the 21 other territories had planned implementing the third and final round, planned between and This is why the first euro coins from Monaco have the year on them, instead of , like the other countries of the Eurozone that decided to put the year of first circulation on their coins.

Monaco's total population was 38, in The official language of Monaco is French , while Italian is spoken by the principality's sizeable community from Italy.

Thus, French and Italian supplants Monegasque, the vernacular language of the Monegasques, which is not recognized as an official language; English is used by American , British , Anglo- Canadian , and Irish residents.

The official religion is the Catholic Church, with freedom of other religions guaranteed by the constitution. The diocese, which has existed since the midth century, was raised to a non-metropolitan archbishopric in as the Archdiocese of Monaco and remains exempt i.

The patron saint is Saint Devota. Christians comprise a total of There are various Evangelical Protestant communities that gather periodically.

The report states that there are two Protestant churches, including the local Anglican church and a Reformed church.

There is one Anglican church St. In this had a formal membership of Anglicans resident in the principality, but was also serving a considerably larger number of Anglicans temporarily in the country, mostly as tourists.

The church site also accommodates an English-language library of over 3, books. Two-thirds of the Jewish population is Sephardic , mainly from North Africa , while the other third is Ashkenazi.

The Muslim population of Monaco consists of about people, most of whom are exclusively residents, not citizens. Since , the Monaco Grand Prix has been held annually in the streets of Monaco.

The erection of the Circuit de Monaco takes six weeks to complete and the removal after the race takes another three weeks. Despite the challenging nature of the course it has only had one fatality, Lorenzo Bandini , who crashed, burned and died three days later from his injuries in Since part of the Monte Carlo Rally has been held in the principality, originally held at the behest of Prince Albert I.

It has long been considered to be one of the toughest and most prestigious events in rallying and from to was the opening round of the World Rally Championship WRC.

Monaco hosts two major football teams in the principality: The club is historically one of the most successful clubs in the French league, having won Ligue 1 eight times most recently in —17 and competed at the top level for all but six seasons since The women's team, OS Monaco, competes in the women's French football league system.

The club currently plays in the local regional league, deep down in the league system. Current French women's international goalkeeper Sarah Bouhaddi had a short stint at the club before going to the INF Clairefontaine academy.

The team plays its home matches in the Stade Louis II. Monaco's national rugby team , as of October , is 91st in the International Rugby Board rankings.

Monaco has also competed in the Olympic Games, although, no athlete from Monaco has ever won an Olympic medal. Acknowledged as the most glamorous of the series, Monaco will be hosting the world's most celebrated riders, including Monaco's own Charlotte Casiraghi , in a setting facing out over the world's most beautiful yachts, and framed by the Port Hercules and Prince's palace.

The Monaco Marathon is the only marathon in the world to pass through three separate countries, those of Monaco, France and Italy, before the finish at the Stade Louis II.

The Monaco Ironman The race includes a 1. Since , the headquarters of the International Association of Athletics Federations , [] the world governing body of athletics , is located in Monaco.

A municipal sports complex, the Rainier III Nautical Stadium in the Port Hercules district consists of a heated saltwater Olympic-size swimming pool , diving boards and a slide.

From 10—12 July Monaco inaugurated the Solar1 Monte Carlo Cup, a series of ocean races exclusively for solar-powered boats.

Monaco has an opera house , a symphony orchestra and a classical ballet company. Monaco has a national museum of contemporary visual art at the New National Museum of Monaco.

The country also has numerous works of public art, statues, museums, and memorials see list of public art in Monaco. Monaco has ten state-operated schools, including: The flag of Monaco is one of the world's oldest national flag designs.

Monaco is so old that it has outlived many of the nations and institutions that it has had relations with. Monaco made a special agreement with France in in which French customs laws apply in Monaco and its territorial waters.

There are two embassies in Monaco: A recurring issue Monaco encounters with other countries is the attempt by foreign nationals to use Monaco to avoid paying taxes in their own country.

There are no border formalities entering or leaving to France. For visitors a souvenir passport stamp is available on request at Monaco's tourist office.

This is located on the far side of the gardens that face the Casino. From Wikipedia, the free encyclopedia. This article is about the city-state.

For other uses, see Monaco disambiguation. This section needs to be updated. See Monaco Organisation territoriale fr. Please update this article to reflect recent events or newly available information.

Law enforcement in Monaco and Military of Monaco. Land reclamation in Monaco. Religion in Monaco [] [c] Christianity. Catholic Church in Monaco.

Rugby union in Monaco. List of museums in Monaco. Rail transport in Monaco. Foreign relations of Monaco.

Geography portal Europe portal Mediterranean portal. Part of the EU Customs territory, administered as part of France.

Administered as a part of France for taxation purposes. Retrieved 29 October The territory of the Principality forms a single commune.

Archived from the original on 22 July Retrieved 22 May Retrieved 18 July Archived from the original on 15 November Retrieved 15 November Retrieved 7 June Retrieved 3 August United Nations Statistics Division.

Retrieved 8 October Retrieved 28 May The Grimaldi family was not able to permanently secure their holding until when they purchased Monaco, along with two neighbouring villages, Menton and Roquebrune.

The Grimaldis of Monaco: The Birth of a Legend". Retrieved 23 August Archived from the original on 29 June Retrieved 29 June Archived from the original on 3 June Archived from the original on 27 May Retrieved 22 March Archived from the original on 16 January Retrieved 31 August Archived from the original on 4 September Retrieved 8 August Archived from the original on 10 June La Mairie de Monaco.

Archived from the original on 15 May Retrieved 15 April Archived from the original on 24 December Archived from the original on 11 October Archived from the original on 30 May Retrieved 12 March Retrieved 6 September Archived from the original on 23 April Archived from the original on 6 December Retrieved 11 September Monaco Statistics — Principality of Monaco.

Archived from the original on 20 June Retrieved 7 August Monte Carlo Daily Photo. Statistiques — et records in French.

Archived from the original PDF on 27 February Retrieved 26 February Archived from the original on 2 March Retrieved 2 March Retrieved 15 March We want more for Monaco".

The tax haven where the jewels are real and the orgasms are fake". Retrieved 6 March The Wall Street Journal. Retrieved 7 March Your source for Global Business Knowledge".

Archived from the original on 11 July Retrieved 28 April Archived from the original on 14 November Retrieved 27 April Retrieved 7 December Frommer's Provence and the Riviera Fifth.

Archived PDF from the original on 26 July Story of Michelangelo was telecast by ABC in , but that was a documentary.

Beginning in , and lasting until , telecasts of The Wizard of Oz became an annual tradition, drawing huge audiences in homes all over the U.

The studio was all too happy to see Oz become, through television, one of the two or three most famous films MGM has ever made, and one of the few films that nearly everybody in the U.

Today The Wizard of Oz is regularly shown on the Turner -owned channels, no longer just once a year. Gigi was a box-office and critical success which won nine Academy Awards , including Best Picture.

In animation, MGM purchased the rights in to distribute a series of cartoons that starred a character named Flip the Frog , produced by Ub Iwerks.

The first cartoon in this series entitled Fiddlesticks was the first sound cartoon to be produced in two-color Technicolor.

In , Ub Iwerks cancelled the unsuccessful Flip the Frog series and MGM began to distribute its second series of cartoons, starring a character named Willie Whopper , that was also produced by Ub Iwerks.

After initial struggles with a poorly received series of The Captain and the Kids cartoons, the studio rehired Harman and Ising in , and Ising created the studio's first successful animated character, Barney Bear.

The Tom and Jerry cartoons won seven Academy Awards between and In , Tex Avery , another Schlesinger alumnus, joined the animation department.

Avery left the studio in , leaving Hanna and Barbera to focus on the popular Tom and Jerry and Droopy series. In , MGM enjoyed what is quite probably its greatest financial success of later years, with the release of its nearly four-hour Technicolor epic Ben—Hur , a remake of its silent film hit, loosely based on the novel by General Lew Wallace.

Starring Charlton Heston in the title role, the film was critically acclaimed, and won 11 Academy Awards, including Best Picture, a record that held until Titanic matched it in and The Lord of the Rings: The Return of the King in Although Deitch's Tom and Jerry cartoons were considered to be vastly inferior to the original Hanna and Barbera style of animation, they did receive positive reviews from certain fans.

Jones' group also produced its own works, winning an Oscar for The Dot and the Line , as well as producing the classic television version of Dr. Seuss 's How the Grinch Stole Christmas!

Tom and Jerry folded in , and the animation department continued with television specials and one feature film, The Phantom Tollbooth.

During this period, MGM fell into a habit that would eventually sink the studio: However, four succeeding big-budget epics — like Ben—Hur , each a remake — failed: The Cinerama film The Wonderful World of the Brothers Grimm , the first film in Cinerama to actually tell a story, was also a flop.

King of Kings , while a commercial and critical flop at the time, has since come to be regarded as a film classic. The losses caused by these films led to the resignations of Sol Siegel and Joseph Vogel who were replaced by Robert M.

Weitman head of production and Robert O'Brien president. The combination of O'Brien and Weitman seemed to temporarily revive the studio.

A Space Odyssey However the company's time was taken up fighting off proxy attacks by corporate raiders , and then MGM backed a series of flops, including Ryan's Daughter Weitman moved over to Columbia in and O'Brien was forced to resign a few years later.

In the mids, MGM began to diversify by investing in real estate. As for film-making, that part of the company was quickly and severely downsized under the supervision of James T.

With changes in its business model including fewer pictures per year, more location shooting and more distribution of independent productions, MGM's operations were reduced.

Aubrey sold off MGM's accumulation of props, furnishings and historical memorabilia, including a pair of Dorothy's ruby slippers from The Wizard of Oz.

In , it was announced that MGM was in talks with 20th Century Fox about a possible merger, a plan which never came into fruition.

Through the s, studio output slowed considerably as Aubrey preferred four or five medium-budget pictures each year along with a smattering of low-budget fare.

The last shooting done on the backlot was the introductory material for That's Entertainment! However, MGM never reclaimed its former status.

In , Kerkorian declared that MGM was now primarily a hotel company. The company hit a symbolic low point in when David Begelman , earlier let go by Columbia following the discovery of his acts of forgery and embezzlement, was installed as MGM's President and CEO.

In , Metro-Goldwyn-Mayer, Inc. MGM proceeded to get back into theatrical distribution in with its purchase of United Artists, as UA's parent company Transamerica Corporation decided to let go of the studio following the failure of Heaven's Gate.

Kerkorian offered to purchase the remaining outstanding MGM shares he did not own to take the company private but was met with resistance. After the purchase of United Artists, David Begelman's duties were transferred to that unit.

Out of the 11 films he put into production, by the time of his release from the studio, only one film, Poltergeist , proved to be a clear hit.

How much of MGM's back catalog Turner actually obtained was a point of conflict for a time; eventually, it was determined that Turner owned all of the pre-May MGM library, as well as the pre Warner Bros.

Turner began broadcasting MGM films through his Turner Network Television , and caused a controversy when he began " colorizing " many black-and-white classics.

The well-respected executive, Alan Ladd Jr. A television production division was started up. In , MGM had a hit in Stargate.

By selling a portion of the studio to Australia's Seven Network , Kerkorian was able to convince Wall Street that a revived MGM was worthy of a place on the stock market, where it languished until he sold the company to a group of hedge funds tied to Sony, which wanted to control the studio library to promote the Blu-ray Disc format.

Prior to that, MGM had held a home video license for of the films since spring In , MGM changed the way it distributed its products internationally.

In , many of MGM's competitors started to make bids to purchase the studio, beginning with Time Warner.

It was not unexpected that Time Warner would bid, since the largest shareholder in the company was Ted Turner. In , MGM announced it would return as a theatrical distribution company.

MGM struck deals with The Weinstein Company , Lakeshore Entertainment , Bauer Martinez, and many other independent studios, and then announced its plans to release 14 feature films for and early MGM also hoped to increase the amount to over 20 by MGM also announced plans to restructure its worldwide television distribution operation.

MGM served as New Line's barter sales representative in the television arena until A tentative agreement was signed in Seoul on March 15, , between MGM, South Korea-based entertainment agency Glovit and Busan city official for a theme park schedule to open in Wagner will serve as United Artists' chief executive.

Over the next several years, MGM launched a number of initiatives in distribution and the use of new technology and media, as well as joint ventures to promote and sell its products.

In April , it was announced that MGM movies would be able to be downloaded through Apple's iTunes service, with MGM bringing an estimated of its existing movies to iTunes service, the California-based computer company revealed.

The selected site was a 1. Whether MGM could avoid voluntary or involuntary bankruptcy had been a topic of much discussion in the film industry.

On August 17, , chief executive officer Harry E. Cooper as its new CEO, [8] [] [] a corporate executive who guided Enron through its post bankruptcy and oversaw the restructuring and growth of Krispy Kreme in MGM stated in February that the studio would likely be sold in the next four months, and that its latest film, Hot Tub Time Machine , might be one of the last four films to bear the MGM name.

However, some stated that the company might continue as a label for new James Bond productions, as well as other movie properties culled from the MGM library.

MGM Holdings, Metro-Goldwyn-Mayer and affiliates filed for Chapter 11 bankruptcy on November 3, , with a prepackaged plan for exiting bankruptcy which led to MGM's creditors taking over the company.

Six days later, MGM was finalizing a distribution deal with Sony Pictures Entertainment to handle distribution of its 4, films and DVDs worldwide and on digital platforms, including the two upcoming Bond films: There were four studios who were bidding on the Bond distribution rights: Paramount Pictures , Warner Bros.

Pictures, 20th Century Fox, and Columbia Pictures. Paramount was the first studio who dropped out of the Bond bidding.

The deal was finalized on April 13, It will expire in June MGM moved forward with several upcoming projects, including remakes of RoboCop and Poltergeist , [] [] and released their first post-bankruptcy film Zookeeper , which was co-distributed by Columbia Pictures on July 8, The new MGM, under Barber and Birnbaum's control, focuses on co-investing on films made by another party, which handle all distribution and marketing for the projects.

MGM handles international television distribution rights for the new films as well as its library of existing titles and also retains its in-house production service.

On October 3, , Birnbaum announced his intention to exit his role as an MGM executive and return to "hands-on" producing. He will remain with the studio to produce films on "an exclusive basis".

In the Orion brand was revived as a TV production label for a syndicated court show. Orion Pictures name was extended in fourth quarter for smaller domestic and international video on demand and limited theatrical releases.

In March , MGM announced a multi-year distribution deal with Annapurna Pictures for some international markets and including home entertainment, theatrical and television rights.

This marks a return to domestic theatrical distribution for MGM and an expansion of Annapurna's distribution division, with MGM releasing approximately six to eight films per year on a limited basis and Annapurna releasing four to six films per year, in a combined slate of fourteen films.

While the two companies will share costs for the joint venture's operations, Annapurna's distribution and marketing teams will support the MGM titles, which will be distributed under the MGM banner while Annapurna-produced films will continue to be distributed under its own banner.

The two studios also launched Mirror , a releasing entity for third-party films. However, this partnership will not be exclusive to all MGM films, as several of them will continue to be released through existing studio partners, such as Warner Bros.

It also does not include newly relaunched Orion Pictures and future worldwide distributor plans for the James Bond franchise, which MGM also said will be announced "at a later date".

Since August 22, , its headquarters have been in Beverly Hills, California. MGM planned to house a private theater and a private outdoor patio in the building.

In MGM announced that it was moving its headquarters to a new building in Century City that was to be the first high-rise in Los Angeles to be completed in the 21st century.

Upon the company's agreement to be its lead tenant halfway through the design building process, the structure became identified as the MGM Tower , [] opening in Scott Johnson, the architect, designed the bottom third of the tower with extra-large floors so MGM executives could have outdoor decks.

Seemingly no expense was spared, from the marble imported from Italy for MGM's area to the company's exclusive use of a dedicated private garage, security checkpoint, and elevator bank: One of three screening rooms placed in the tower was a seat theater on the ground floor later taken over by International Creative Management in December The 14th floor lobby housed the executive suites and a wall of Oscar statuettes for Academy Award -winning films.

The street leading to the building's garage was renamed MGM Drive and a large MGM logo, illuminated at night, crowned the top of the building.

Larry Kozmont, a real estate consultant not involved in the process, said "It's a prudent move for them. Downsizing and relocating to a space that is still prominent but not overly ostentatious and burdened by expenses is fundamental for their survival.

The studio's official motto , " Ars Gratia Artis ", is a Latin phrase meaning " Art for art's sake ". Through its acquisitions of many different companies and film and television libraries, Metro-Goldwyn-Mayer has greatly enhanced its film and television holdings.

Metro-Goldwyn-Mayer's library includes its own post-April library as well as the film and television libraries of:. From Wikipedia, the free encyclopedia.

For other uses, see MGM disambiguation. Marcus Loew Louis B. This section needs to be updated. Please update this article to reflect recent events or newly available information.

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