The Man Who Definitely Didn't Steal Hollywood

Giancarlo Parretti was central to one of Hollywood’s greatest scandals. In 1990, Parretti bought iconic James Bond studio Metro-Goldwyn-Mayer/United Artists for $1.3B with high hopes. However, within weeks, the 17th James Bond film (GoldenEye) was put on ice, paycheques to Dustin Hoffman and Sylvester Stallone had bounced, and hundreds of staff were fired. Parretti soon faced an FBI investigation for alleged financial irregularities and his ownership of Hollywood’s most famous studio spiraled out of control. Giancarlo Parretti was central to one of Hollywood’s greatest scandals. In 1990, Parretti bought iconic James Bond studio Metro-Goldwyn-Mayer/United Artists for $1.3B with high hopes. However, within weeks, the 17th James Bond film (GoldenEye) was put on ice, paycheques to Dustin Hoffman and Sylvester Stallone had bounced, and hundreds of staff were fired. Parretti soon faced an FBI investigation for alleged financial irregularities and his ownership of Hollywood’s most famous studio spiraled out of control.