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No, TCM and its library is owned by Time Warner. The library includes the pre-1986 MGM film library, the pre-1949 Warner Bros. library, and the entire RKO library of films -- a total of about 3,500 films.

 

When Ted Turner bought MGM in 1986, he got in a little over his head financially, and gradually had to sell the MGM studio and its other assets so he could keep the film library. What Sony bought recently was the current MGM assets and their post-1986 films.

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