The Rank Organisation Davis cut staff, reduced budgets and concentrated film production at Pinewood. Other studio facilities (in Islington) were closed, sold (Lime Grove Studios) or leased (Denham). The Rank Organisation closed Independent Producers Ltd. The policies of Davis alienated many in the industry, in particular they led film director David Lean, responsible for some of Rank's most critically and financially successful films, to look elsewhere for backing. In 1949, the company bought the Bush Radio manufacturing facility and began to diversify its interests. In the early 1960s Rank took over Murphy Radio to form the Rank Bush Murphy Group (which was eventually
MGM-British Studios productions being the "UFO" television series. At that time, MGM made a production and distribution deal with EMI, and began to use its facility (commonly known as Elstree Studios) becoming MGM-EMI, an arrangement which only lasted until 1973, with MGM having a financial interest in only a few films. The Borehamwood site was cleared. MGM-British Studios MGM-British was a subsidiary of Metro-Goldwyn-Mayer initially established at Denham Film Studios in 1936. It was in limbo during the Second World War; however, following the end of hostilities, a facility was acquired in Borehamwood, which remained in use until it was closed in