Gone with the Wind (film) 1978, CBS signed a deal worth $35 million to broadcast the film twenty times over as many years. Turner Entertainment acquired the MGM film library in 1986, but the deal did not include the television rights to "Gone with the Wind", which were still held by CBS. A deal was struck in which the rights were returned to Turner Entertainment and CBS's broadcast rights to "The Wizard of Oz" were extended. It was used to launch two cable channels owned by Turner Broadcasting System: Turner Network Television (1988) and Turner Classic Movies (1994). It debuted on videocassette in March 1985,
Gone with the Wind (film) at "popular" prices. Along with its distribution and advertising costs, total expenditure on the film was as high as $7 million. In 1942, Selznick liquidated his company for tax reasons, and sold his share in "Gone with the Wind" to his business partner, John Whitney, for $500,000. In turn, Whitney sold it on to MGM for $2.8 million, so that the studio owned the film outright. MGM immediately re-released the film in spring 1942, and again in 1947 and 1954; the 1954 reissue was the first time the film was shown in widescreen, compromising the original Academy ratio and cropping