History
American media companies Metro-Goldwyn-Mayer and Annapurna Pictures announced the formation of a local film distribution joint-venture and a film releasing entity under the name Mirror to release third-party films in theatres.[1] This marked the return of MGM to domestic distribution seven years after its closure following the 2010 bankruptcy and subsequent reorganization, in which approximately six to eight films would be released commencing on March 2, 2018 with the release of Death Wish.
The initial staff of the joint venture composed of those of Annapurna's own distribution division. By January 31, 2019, the venture released eight titles in total, none of which were credited under the touted Mirror Releasing banner.[2]
The joint venture was rebranded on February 5, 2019 to United Artists Releasing, in commemoration of a century (100 years) of the creation of the original United Artists,[2] with the rationale being to "better compete against the major studios, especially with respect to their tentpole films that dictate the release calendar".[3]
Former Screen Gems executive Pam Kunath was appointed to be its chief operating officer and one of MGM's subsidiaries, Orion Pictures, added its films and staff from its distribution division to the venture.[2][3] A board of directors consisting of executives from the partner companies was created to oversee the three UAR executives; Kunath, David Kaminow and president of Annapurna's distribution and marketing, Erik Lomis.
The inaugural film release post-rebrand was the 2019 stop-motion animated film Missing Link, which won the company its inaugural and only Golden Globe Award for Best Animated Feature Film.[4]
On October 7, 2020, MGM revived the American International Pictures label for digital and limited theatrical releases of acquired films with United Artists Releasing, beginning with the 2021 film Breaking News in Yuba County.[5]
On May 17, 2021, online shopping and technology company Amazon entered negotiations to acquire MGM's former parent company, MGM Holdings, principally green-lighted by MGM board chairman Kevin Ulrich whose company, Anchorage Capital Group, was a major MGM shareholder.[6][7] A week later, the proposed acquisition by Amazon was officially announced, pending local and global regulatory approvals, for $8.45 billion[8] and completed on March 17, 2022.[9] Later that same day, Mike Hopkins, senior vice president of Amazon Studios and Amazon Prime Video, emphasized at a town hall meeting that his company would continue to partner with its new division United Artists Releasing, which would remain in operation post-acquisition.[10]
On March 4, 2023, The Hollywood Reporter revealed that Amazon folded United Artists Releasing into MGM due to Amazon's optimism of the feasibility of theatrical distribution. The announcement was a day after Creed III was released, which was also the first film distributed by MGM itself under Amazon's ownership.[11]
