MGM-British Studios Meanwhile, Amalgamated Studios Ltd constructed a large studio on the north side of Elstree Way between 1935 and 1937. A January 1937 deal for eight films to be made for the American studio Columbia Pictures soon collapsed. The company was unable to meet the cost of building work, and sold the facility to the Rank Organisation, which was not interested in using the studios itself, but wanted to stop John Maxwell's rival British International Pictures (BIP) from being able to compete more effectively with its own new Pinewood Studios. During the war, the studios were leased from Rank by the
Rank Xerox Corporation. He then moved to the corporation's headquarters in Connecticut where he was responsible for the decentralization program of the company as one of its top directors. The remaining 20% stake owned by the Rank Organization in Rank Xerox was bought out by the parent Xerox Corporation for ₤940 million in 1997. The Rank Xerox name was discontinued following the buyout, and the Rank Xerox Research Centre was renamed to the Xerox Research Centre Europe. Rank Xerox Rank Xerox was formed in 1956 as a joint venture between the Xerox Corporation of United States (a.k.a. Haloid Photographic) and the Rank