The Man Who Definitely Didn't Steal Hollywood

Overview

Giancarlo Parretti's foray into Hollywood quickly became notorious. In 1990, he acquired the legendary Metro-Goldwyn-Mayer/United Artists, home to the James Bond franchise, for a staggering $1.3 billion. However, his ambitious plans unraveled almost immediately as the production of the 17th Bond film, GoldenEye, stalled, and paychecks for stars like Dustin Hoffman and Sylvester Stallone bounced. The situation worsened with mass layoffs and an FBI probe into Parretti's questionable financial practices, leading to a chaotic downfall that threatened the legacy of one of cinema's most iconic studios.