Turner Classic Movies is an American movie-oriented basic cable and satellite television network owned by the Turner Broadcasting System subsidiary of Time Warner. TCM is headquartered at the Techwood Campus in Atlanta, Georgias Midtown business district, historically, the channels programming consisted mainly of featured classic theatrically released feature films from the Turner Entertainment film library – which comprises films from Warner Bros. However, TCM now has licensing deals with other Hollywood film studios as well as its Time Warner sister company, Warner Bros. and occasionally shows more recent films. The channel is available in United States, Canada, United Kingdom, Ireland, Latin America, France, Spain, Nordic countries, Middle East, Africa and Asia-Pacific. In 1986, eight years before the launch of Turner Classic Movies, concerns over Turner Entertainments 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. As part of the deal, Turner Entertainment retained ownership of MGMs library of films released up to May 9,1986, Turner Broadcasting System was split into two companies, Turner Broadcasting System and Metro-Goldwyn-Mayer and reincorporated as MGM/UA Communications Co. The film library of Turner Entertainment would serve as the form of programming for TCM upon the networks launch. After the library was acquired, MGM/UA signed a deal with Turner to continue distributing the pre-May 1986 MGM and to begin distributing the pre-1950 Warner Bros. film libraries for video release. Turner Classic Movies debuted on April 14,1994, at 6,00 p. m. Eastern Time, the date and time were chosen for their historical significance as the exact centennial anniversary of the first public movie showing in New York City. The first movie broadcast on TCM was the 1939 film Gone with the Wind, at the time of its launch, TCM was available to approximately one million cable television subscribers. AMC had broadened its content to feature colorized and more recent films by 2002. In the early 90s AMC abandoned its format, leaving TCM as the only movie-oriented cable channel to devote its programming entirely to classic films without commercial interruption. In 1996, Turner Broadcasting System merged with Time Warner, which besides placing Turner Classic Movies, in March 1999, MGM paid Warner Bros. and gave up the home video rights to the MGM/UA films owned by Turner to Warner Home Video. In 2008, TCM won a Peabody Award for excellence in broadcasting, in April 2010, Turner Classic Movies held the first TCM Classic Film Festival, an event – now held annually – at the Graumans Chinese Theater and the Graumans Egyptian Theater in Hollywood. In 2007, some of the films featured on TCM were made available for streaming on TCMs website. The networks programming season runs from February until the following March of each year when a retrospective of Oscar-winning and Oscar-nominated movies is shown, called 31 Days of Oscar. Turner Classic Movies presents many of its features in their original aspect ratio whenever possible – widescreen films broadcast on TCM are letterboxed on the standard definition feed. TCM also regularly presents widescreen presentations of films not available in the format on any video release
Robert Osborne and Charles Tabesh at the 68th Annual Peabody Awards for Turner Classic Movies
TCM prime time host Robert Osborne at the 73rd Annual Peabody Awards.