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Who owns the films?

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I have a question here for the insiders and pros of TCM. Who owns the MGM titles on Turner? I thought Turner owned them all but on the investor call this morning for MGM they said that Turner leases the titles and the lease is up at the end of 2005. Is this true and if so when the lease is up what will happen?



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As far as I know, Turner owns the films. What they are probably talking about, though I am in no way one hundred percent positive, is the United Artist catalog, which MGM owns and a number of films are on lease to Turner to show.

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