The film library of Turner Entertainment would serve as the base form of programming for TCM upon the network's launch. Turner Broadcasting System was split into two companies, Turner Broadcasting System and Metro-Goldwyn-Mayer, and reincorporated as MGM/UA Communications Co. Īs part of the deal, Turner Entertainment retained ownership of MGM's library of films released up to May 9, 1986. Concerns over Turner Entertainment's corporate debt load resulted in Turner selling the studio that October back to Kirk Kerkorian, from whom Turner had purchased the studio less than a year before. In 1986, eight years before the launch of Turner Classic Movies, Ted Turner acquired the Metro-Goldwyn-Mayer film studio for $1.5 billion. 5.2 TCM Young Composers Film Competition.1.5 Corporate reconstruction (2019–present).

The channel is available in the United States, Canada, the United Kingdom, Ireland, Malta (as TCM Movies), Latin America, France, Greece, Cyprus, Spain, the Nordic countries, the Middle East, Africa (as TNT Africa), and Asia-Pacific. However, TCM also licenses films from other studios and occasionally shows more recent films. (covering films released before 1950), Metro-Goldwyn-Mayer (covering films released before May 1986), and the North American distribution rights to films from RKO Pictures. The channel's programming consists mainly of classic theatrically released feature films from the Turner Entertainment film library – which comprises films from Warner Bros. Launched in 1994, TCM is headquartered at Turner's Techwood broadcasting campus in the Midtown business district of Atlanta, Georgia. Turner Classic Movies ( TCM) is an American movie-oriented pay-TV network owned by Warner Bros.

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