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On January 7, 2008, Disney-MGM Studios became Disneyâs Hollywood Studios. Despite the âMGMâ in the parkâs name, Metro-Goldwyn-Mayer had no part in designing, owning, or operating Disney-MGM Studios. Metro-Goldwyn-Mayer simply collected a licensing fee from The Walt Disney Company.
Marc Graser. Disney plans to give its Hollywood Studios theme park a new name â which would become the parkâs third since it opened in 1989. Walt Disney Co. chairman-CEO Bob Iger revealed the planned rebranding while taking questions during the companyâs annual shareholders meeting, held Thursday in San Francisco.arc Graser. Disney plans to give its Hollywood Studios theme park a new name â which would become the parkâs third since it opened in 1989. Walt Disney Co. chairman-CEO Bob Iger revealed the planned rebranding while taking questions during the companyâs annual shareholders meeting, held Thursday in San Francisco.