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Then, in 1986, media mogul Ted Turner purchased MGM/UA. Without any financial backers, Turner soon fell into debt and sold back most of MGM, but kept the library for his own company, Turner Entertainment - this included the US rights to Network, but international rights remained with MGM, who retained the UA library (or, at least UA's own releases from 1952 onward, plus a few pre-1952 features, as other libraries which had been acquired by UA - such as the pre-1950[6][7] Warner Bros. library - were retained by Turner). Turner soon made a deal with MGM's video division for home distribution of most of Turner's library, allowing MGM to retain US video rights to Network for 13 more years.
In 1996, Turner merged with Time Warner. Consequently, WB assumed TV and theatrical distribution rights to the Turner library, with video rights being added in 1999.
Today, WB/Turner owns the US rights to Network, while international rights are with MGM - which was recentlyTemplate:2005 bought by a consortium led by Sony and Comcast. MGM has also assigned international video distribution rights to 20th Century Fox Home Entertainment.
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