Documentary Unravels Giancarlo Parretti's Tumultuous MGM Takeover

The film explores how the Italian financier's acquisition of MGM led to chaos, lawsuits, and his eventual flight from the U.S..

Giancarlo Parretti, an Italian financier, bought MGM for $1.3 billion in 1990, leading to a series of financial and operational crises at the studio.
The BBC documentary 'The Man Who Definitely Didn't Steal Hollywood,' directed by John Dower, delves into Parretti's chaotic reign and its impact on Hollywood.
Parretti's tenure saw bounced cheques, halted productions, and mass layoffs, ultimately resulting in his removal from MGM and an FBI investigation.
The acquisition was marred by financial irregularities involving shell companies and collusion with Crédit Lyonnais, Europe's largest bank at the time.
Now 82, Parretti resides in Orvieto, Italy, while his story continues to intrigue filmmakers and audiences alike.