MGM’s Academy Awards

The Academy Award, also known as the Academy Award, is awarded by the Academy of Motion Picture Arts and Sciences. Established in 1928 and held annually in Hollywood, Los Angeles, the United States, it aims to encourage the creation and development of excellent films. It has enjoyed a high reputation for more than half a century. It is not only the most important annual event in the American film industry, but also attracts worldwide attention. The Academy Awards and the three major European international film festivals are regarded as the four most important film awards in the world.

Ten years after World War I, Europe was devastated and in dire straits, and the film industry entered a trough. American films took this as an opportunity to usher in the first golden age of Hollywood. In May 1928, Louis B. Mayer, general manager of Metro-Goldwyn-Mayer, the "King of Hollywood", proposed an idea to his colleagues at a dinner party: "All the elites in Hollywood should be gathered together. Get together and form a group. It includes actors, directors, writers, cinematographers and, of course, producers. Make them the backbone of Hollywood and let them mediate disputes or play a role in the studio." Meyer drafted a proposal to establish the American Academy of Motion Picture Arts and Sciences (AMPAS), whose first president was Douglas Fairbanks, a popular movie star from MGM. Douglas Fairbanks).

According to Meyer's original intention, the institute was founded to "improve the quality of film art and science; develop culture, education and art and strengthen collaboration among various departments; commend outstanding achievements and promote technical methods of technological research , equipment improvement; listen to the voices of people in the film industry, and promote educational activities for the public and film companies." However, it didn't take long for the Academy to find that they were unable to coordinate the complex conflicts of Hollywood on their own. As a result, they focused their work on using awards to reward people who have made significant achievements in filmmaking. The Academy Award, which was later commonly known as the Oscar Award, came into being. The first Academy Awards were held on May 16, 1929. Until today, the Academy Awards have become the "main business" of the American Academy of Motion Picture Arts and Sciences and synonymous with the institution.

Louis Meyer is one of the founders of MGM and is known as the "King of Hollywood." Meyer was born in Ukraine at the end of the 19th century and later fled to the United States. His keen business judgment enabled him to seize opportunities in a timely manner and move towards success step by step. Meyer's greatest contribution was the proposal to found the Academy of Motion Picture Arts and Sciences, and later the Academy Awards, the famous Oscars.

If there is one person who is inseparable from Hollywood, it is Louis Meyer. The life of the president and boss of Metro-Goldwyn-Mayer is the epitome of Hollywood for more than half a century. In him, you can see the past of the Hollywood movie empire.

Under his leadership, MGM became the largest film company in the United States. At that time, it owned a number of famous actors such as Greta Garbo and Clark Gable. Meyer's influence in the film industry and politics is unparalleled. However, with changes in audience tastes and innovations in film production mechanisms, Meyer's status was shaken. Coupled with his far-right political leanings, Meyer's career finally came to an end. In loneliness and frustration, Meyer passed away in 1958.

Reinventor—Kirk Kerkorian

In June 2011, casino tycoon Kirk Kerkorian left the MGM International Hotel The group's board of directors resigned and became the company's senior advisor and first honorary director. When he left office, he sold $20 million worth of company stock. In February 2011, he donated $200 million to UCLA through the Lincy Foundation. In December, his Delta Oil Company went bankrupt, and he subsequently sued Edward Michael Davis for fraud. In 2009, he spent $8.5 billion to build the most expensive private casino in the history of the United States called "Downtown" in Las Vegas. In 1966, he established Transamerica International Airlines and made a net profit of US$104 million from sales. He purchased and then sold MGM Studios three times. Rumor has it that he is preparing to return to the film industry through acquisitions. As an eighth-grade dropout, he trained as a World War II fighter pilot. He established the Lincy Foundation to help American earthquake victims and established Tracinda Investment Company, both named after his daughter.